But the rally faces its next immediate test on Wednesday, when July CPI arrives as the most consequential inflation datapoint ahead of the Fed's September meeting. Economists expect headline CPI to rise 3.4% year-on-year with core CPI at 2.5%, suggesting that Iran-driven price pressures …
Traffic to quick-service restaurants in the United States declined 1.3% in the first seven months of 2026 compared with the same period a year earlier. Fast-food prices have risen a cumulative 15 to 20 percentage points more than grocery store prices over the past …
Federal Reserve Chair Kevin Warsh has shifted the central bank's communication approach by declining to offer forward guidance on the likely direction of interest rates, a departure from practices adopted by his predecessors. Following his most recent press conference, the 10-year Treasury yield rose …
The White House sent Federal Reserve Governor Lisa Cook a letter stating it is considering removing her from office, giving her 21 days to respond to allegations regarding mortgage applications that were first made roughly a year ago. The allegations center on mortgages Cook …
• nLIGHT shares plunged approximately 25.56 percent to $56.16, a decline of $19.29 from a prior close of $75.44, as investors extended the after-hours selloff that began Wednesday.
• Chime Financial shares fell approximately 6.88 percent to $29.10, a decline of $2.15 from a prior close of $31.25, giving back a portion of Thursday's 24 percent post-earnings surge.
• DKNG shares surged approximately 8.39 percent to $24.03, a gain of $1.86 from a prior close of $22.17.
• EE shares fell approximately 7.90 percent to $34.87, a decline of $2.99 from a prior close of $37.86.
Arabica coffee prices have risen about 30% since early June to $3.12 a pound, including the commodity's biggest one-day gain in 47 years. Cocoa futures climbed more than 63% from about $3,950 a tonne in mid-June to an eight-month high before easing back, though …
Federal Reserve Chair Kevin Warsh has moved to reduce the length and specificity of the central bank's public communications since taking office. Policy statements have shrunk from roughly 340 words to half that length or less, and forward guidance, language indicating the likely future …