China recently released its consumer price index data for August, revealing some surprising figures that missed expectations. This article will delve into the details of the report and analyze the implications of the findings. The consumer price index in China rose by 0.6% year on year in August, falling short of the forecasted 0.7% increase.
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As September kicks off with turbulence in the stock market, there are still opportunities for investors to capitalize on. According to top Wall Street analysts, Planet Fitness (PLNT) is a stock worth considering. The company, a franchisor and operator of over 2,600 fitness centers, recently reported strong results for the second quarter and reiterated its
Vice President Kamala Harris recently announced a plan to raise the capital gains tax rate to 28% for households earning over $1 million annually. This proposal would mark an increase from the current rate of 20% that top earners are currently subject to. The intention behind this tax hike, according to Harris, is to incentivize
Boeing’s Starliner spacecraft recently undocked from the International Space Station, marking the end of a tumultuous test flight. Originally scheduled to depart months ago, the spacecraft left without the astronauts it had delivered to orbit in June. NASA test pilots Butch Wilmore and Suni Williams were supposed to return home on the Starliner, but instead,
Renowned economist Joseph Stiglitz, a Nobel Prize winner in Economics, has publicly criticized the Federal Reserve’s monetary policy and urged for a more aggressive approach towards interest rate cuts. Stiglitz argues that the Fed has tightened its policy too quickly, exacerbating the issue of inflation rather than mitigating it. He advocates for a half-point interest
Burberry, a renowned British luxury fashion house, has recently faced a series of setbacks that culminated in its removal from the prestigious FTSE 100 stock market index. This significant development comes as a result of waning sales, management changes, and a general loss of favor among consumers. With a 15-year run in the FTSE 100
Seven & i Holdings recently made headlines by rejecting a takeover offer from Canadian convenience store operator Alimentation Couche-Tard. The company’s decision was based on the belief that the offer was not in the best interest of its shareholders and stakeholders. In a filing with the Tokyo Stock Exchange, Seven & i revealed that Couche-Tard
Broadcom recently reported its fiscal third-quarter results, exceeding Wall Street expectations for both revenue and earnings. The company’s earnings per share came in at $1.24, which was higher than the expected $1.20. Additionally, Broadcom’s revenue reached $13.07 billion, surpassing the predicted amount of $12.97 billion. Despite the positive earnings and revenue figures, Broadcom’s shares dropped
The year 2024 has seen a surge in exchange-traded fund (ETF) inflows, breaking monthly records. Managers are now speculating that this increase in inflows could be influenced by the money market fund boom before the end of the year. With over $6 trillion parked in money market funds, Nate Geraci, president of The ETF Store,
Forward Air is a company that provides asset-light transportation services, including LTL, truckload, intermodal drayage, freight brokerage, and supply chain services in North America, Europe, and Asia. With a stock market value of $884.7 million, Forward Air has been in the crosshairs of activist shareholder Ancora, which owns approximately 4% of the company. Ancora, a