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  • Sep 12, 2024

Wholesale inflation mostly cooled last month in latest sign that price pressures are slowing

U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week. The Labor Department said Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.2% from July to August. Excluding food and energy prices, which tend to fluctuate from month to month, so-called core wholesale prices moved up 0.3% from July and have risen 2.3% from August 2023.

  • Sep 12, 2024

US filings for unemployment benefits inch up slightly but remain historically low

Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates. Jobless claims rose by 2,000 to 230,000 for the week of Sept. 7, the Labor Department reported Thursday. Weekly filings for unemployment benefits, considered a proxy for layoffs, remain low by historic standards, though they are up from earlier this year.

  • Sep 12, 2024

How To Earn $500 A Month From Johnson & Johnson Stock

On Tuesday, Johnson & Johnson (NYSE:JNJ) announced results from the open-label Phase 2 SKIPPirr study, which evaluated additional prophylactic strategies to reduce the incidence of infusion-related reactions (IRRs) with intravenous (IV) Rybrevant (amivantamab-vmjw) in patients with advanced non-small cell lung cancer (NSCLC) with epidermal growth factor receptor (EGFR) exon 19 deletions (ex19del) or L858R substitution mutations. The company, last month, agreed to acquire V-Wave for an upfront pa

  • Sep 12, 2024

U.S. Bancorp’s Lagging Stock Puts Onus on Investor Day

(Bloomberg) -- As U.S. Bancorp holds its first Investor Day in five years on Thursday, investors will be listening for clues about how one of the biggest US lenders can turn its lackluster stock around.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops

  • Sep 12, 2024

Chemicals maker Dow lowers Q3 revenue forecast on unplanned event in Texas plant

U.S. chemicals maker Dow lowered its third-quarter revenue forecast on Thursday due to an unplanned event at one of its plants in Texas. The company's CEO, Jim Fitterling, said a significant unplanned event occurred in July at one of its ethylene crackers in the Texas plant. Dow is also experiencing higher input costs and margin compression in Europe, he added.

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