Why Rumble Stock Surged 5% Higher Today
The company's fundamentals are improving notably as its user base continues to grow.
Chinese Data Expected to Show Economy Still Faltering
(Bloomberg) -- China’s economy probably failed to turn the corner on its worst stretch in five quarters, with an uneven recovery in July held back by consumer spending still lagging industrial activity and investment.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGotthei
E-Commerce Growth Lifted This Tech Giant's Earnings, and Its Stock Jumped 12%
Shares of Singapore tech conglomerate Sea Limited, parent of online shopping website Shopee, jumped Tuesday after the company posted double-digit revenue growth in all its business segments.
Nubank Gains Post-Market After Doubling Profit in Quarter
(Bloomberg) -- Shares of Nu Holdings Ltd., one of the world’s largest digital banks, rallied post-market after a second-quarter earnings report that beat analyst expectations including record revenue and profit figures.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGotth
A Cooling Housing Market Is Pushing Down Inflation. Here's Why That's Important
Shelter costs were once a main driver of inflation, but that may finally be changing. Wednesday's CPI report for July will offer fresh clues.
Morning Bid: Markets shake off volatility, but will it last?
Markets have bounced back nicely from the recent volatility, and it's becoming clearer each day that the recent turbulence was likely due to the unwinding of large leveraged positions, like yen-funded carry trades, rather than deeper concerns about global growth. The July CPI numbers might not show much improvement from the previous month, but as long as there isn’t a big surprise, investors might still hope for the Fed to start easing in September. Futures markets currently show a 54% chance of a 50 basis point cut by the Fed, with a 46% chance of a 25 basis point cut, and traders are pricing in a full percentage point of easing by year-end.
Stock market today: Indexes climb as producer inflation comes in cool
Stocks jumped after a cool PPI reading for July, setting the stage for consumer price inflation to show improvement when CPI is released Wednesday.
Stocks Rally in Countdown to CPI as US Yields Sink: Markets Wrap
(Bloomberg) -- Stocks rallied and bond yields fell after the latest US inflation reading reinforced speculation the Federal Reserve will be able to deploy its widely anticipated interest-rate cut in September.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Call