U.S. PPI Mimicked CPI in August as Core Prices Kept Rising

By Geoffrey Smith  Investing.com —  Factory gate prices stayed strong in August, corroborating a picture of unbroken and broadening inflationary pressure in the U.S. economy. The dipped 0.1% on the month from July, thanks to cheaper gasoline prices reducing freight costs, but less volatile elements of the index rose, pushing the ” price index up … Read more

Rupee ends down 29 paise against US dollar at 79.44

Mumbai, Sep 14 (IANS) The Indian rupee ended down 29 paise down, at 79.44, against the US dollar on Wednesday. At the interbank foreign exchange market, the rupee ended at 79.44, against 79.15 in the previous trading session, against US dollar. Anindya Banerjee, VP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd, attributed … Read more

India aims to leapfrog in quantum technology with industry’s help: Minister

Mumbai, Sep 14 (IANS) As India embarks on its Techade journey, the government aims to build capabilities in quantum and high performance computing with the help from industry leaders like IBM (NYSE:), Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. Addressing the IBM’s flagship ‘Think’ conference virtually, he said that quantum … Read more

Street Positive as Investor Day Showed ‘Litle Signs of a Slowdown’ By Investing.com

© Reuters. By Senad Karaahmetovic Workday (NASDAQ:) held its Analyst Day yesterday where it discussed its financial projections and unveiled new initiatives. The company reaffirmed its FY26 target of $10 billion in revenue and a 25% operating margin. Management noted it sees multiple growth levels that will help drive 20% subscription revenue growth. Here’s what … Read more

Strategists Expect Bear Market to Continue as Fed Pivot Now Off the Table, 100 Bps Rate Hike a ‘Possibility’ By Investing.com

© Reuters. By Senad Karaahmetovic Bloodbath is arguably the best term to describe yesterday’s trading activity in equities. fell nearly 4% to record the worst day since June 2022, while slipped 5.16%. The closed the day 4.32% lower in response to the hotter-than-expected August . Yesterday, a Nomura analyst said that materializing inflation risks suggest … Read more

Dollar Stabilizes After CPI-Inspired Gains; Yen Gains on Intervention Talk

By Peter Nurse Investing.com – The U.S. dollar stabilized in early European trade Wednesday, pausing for breath after the previous session’s sharp gains in the wake of the hotter-than-expected U.S. inflation report. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded largely unchanged at 109.510, … Read more

Top Apple Analyst Forecasts Below-Consensus FY Revenue and EPS, Sees ‘Elevated’ Valuation By Investing.com

© Reuters. By Senad Karaahmetovic The Senior Analyst at Bernstein covering US IT Hardware, believes the risk-reward on Apple (NASDAQ:) shares is “neutral to modestly negative over the next 3-6 months.” The tech analyst, one of the most closely-watched on the Street, reminds investors that Apple’s valuations “remains elevated vs. history and its tech peers.” … Read more

Analysts Discuss Starbucks Stock After Investor Day By Investing.com

© Reuters. By Senad Karaahmetovic Despite shares of Starbucks (NASDAQ:) falling 1.38% yesterday, the stock still outperformed the vast majority of the market given the extensive selling pressure in response to another red-hot CPI report. Starbucks held its 2022 Analyst Day yesterday where its leaders showcased the company’s Reinvention plan. Investors and analysts have reflected … Read more

Studies find online rummy suicides in TN highly exaggerated

Chennai, Sep 14 (IANS) As the issue around online rummy becomes a highly political issue in Tamil Nadu (NS:), two independent studies have found that suicides in the state in the last one year attributed to playing of online rummy are highly exaggerated. A study by The Rotary Rainbow Project of Chennai working closely with … Read more