Stocks Rise on Inflation Data:U.S. equity markets closed higher Wednesday as the Consumer Price Index (CPI) inflation data aligned with expectations. Growth-oriented sectors led the gains, with technology, consumer discretionary, and communication services all rising more than 1.5%. Most other sectors were flat to slightly lower. Overseas, European markets ended…
Boeing Faces Union Strike; Adobe Stock Drops on Weak Outlook; Oracle Rises on Strong Sales Guidance; Gold Hits Record Highs; Blackstone Considers Sale of Visa Outsourcing Firm Boeing (BA) Shares Drop as Union Strike BeginsBoeing stock is down approximately 4% in premarket trading after its largest union, the International Association…
CPI Data Anticipated to Show Easing InflationInvestors are awaiting the release of August's Consumer Price Index (CPI) data, which is expected to show a year-over-year rise of 2.6%, down from July's 2.9%. If inflation continues to cool, approaching the Federal Reserve’s 2% target, it could pave the way for a…
Apple Loses EU Tax Case, Owes $14.4 BillionEurope's top court ruled against Apple (AAPL) regarding a long-standing tax dispute with Ireland. The court reinstated a 2016 European Commission decision, demanding that Apple repay 13 billion euros ($14.4 billion) in back taxes. This ruling comes after the Commission argued that Ireland…
