US markets face a key inflation test on Wednesday as investors wait for July’s personal consumption expenditures report, which could reset expectations for interest rates and Treasury yields.The Bureau of Economic Analysis releases the data at 8:30 AM ET. Economists expect core PCE to rise about 0.2% month on month,…
US consumer prices rose slightly in July, with the Federal Reserve’s preferred inflation gauge showing that price pressures remain elevated as policymakers weigh the next move on interest rates.The personal consumption expenditures price index increased 0.2% on a seasonally adjusted monthly basis, while the annual inflation rate reached 3.7%, according…
Plug Power stock has pulled back sharply in recent months, sliding nearly 48% from its year-to-date high of $4.33 to $2.27. The retreat comes even as the company’s turnaround strategy takes shape, with short interest remaining stubbornly elevated throughout the decline. So, is it time to buy PLUG shares?Plug Power…
Micron stock has slumped sharply in the past few months, falling from the year-to-date high of $1,257 in June to the current $932. This retreat has happened despite its strong performance as the AI boom gains steam. This article explores what to expect as Nvidia publishes its financial results. Nvidia earnings…
Workday stock will be in the spotlight on Thursday as the blue-chip software company publishes its financial results, which will provide the management an opportunity to comment on the acquisition rumors. WDAY was trading at $194 on Wednesday, down modestly from the year-to-date high of $227.Workday earnings to provide color…
Zoom Video stock suffered a big reversal this week, ending the recent bull run that pushed it to the highest level in months. It dropped by nearly 4% on Tuesday, and then by 5.7% in the premarket session. It reached a low of $95, down by nearly 15% from its…
Oklo stock rose nearly 4% in premarket trading, extending the 12% gain from the previous session. The rebound came as investors returned to small modular reactor (SMR) stocks, including NuScale. However, Oklo still faces significant risks, which helps explain its elevated short interest and continued insider selling.Top insiders have been…
Scotiabank stock price continued its strong bull run this week, reaching an all-time high. BNS has jumped 30% this year and 68% over the past 12 months, outpacing the SPDR S&P Bank ETF (KBE), which has risen just 16% this year. This rally may continue in the foreseeable future, as…
The USD/JPY exchange rate wavered today, August 27, as traders waited for the upcoming Kevin Warsh statement at the Jackson Hole Symposium in Wyoming. It also wavered after the US published the latest PCE and GDP numbers. It was trading at 159.32, up by 2.68% from its lowest level this…
The Kospi Index wavered on Thursday after the Bank of Korea (BoK) delivered a second interest rates hike as it battles with the relatively elevated inflation in the country. It also wavered as South Korean technology companies reacted to the strong Nvidia earnings report.Kospi Index wavers as South Korean central…