High energy prices can have a cascading effect on other sectors of the economy, contributing to the overall rise in consumer prices.
Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts.
During the Arm IPO, about 95.5 million ADSs will be issued by SoftBank Group’s subsidiary with underwriters having access to 7 million more shares to cover over-allotments.
Core inflation in August rose as the CPI showed price increases across several points, including energy, housing and airfares.
According to the announcement, the iPhone 15 Pro can help to create “spatial videos” which make use of two of the device’s cameras to capture video in 3D.
The Nasdaq saw a lower close as tech stocks fell after Oracle released figures that disappointed Wall Street.
As investors brace themselves for another week of market volatility and unsteady stock futures, all eyes are on the crucial economic data releases that could have a profound impact on the financial landscape.
Bitcoin and the broader crypto market have come under major selling pressure amid news of the FTX creditor liquidation.
Arm has successfully secured a lineup of cornerstone investors for its IPO, including some of the biggest names in the tech industry.
In addition to the JPM Coin, JPMorgan is now developing another blockchain asset that will function as a deposit token for cross-border transactions.
Bitcoin, which rose after Grayscale won its SEC case, has fallen to its lowest point since March as the market awaits an ETF decision.
The mixed economic data that has emerged is at the root of the uncertainty surrounding the Fed’s monetary policy.
China’s efforts to support and revive its property sector took a notable turn recently with a series of monetary policy adjustments to provide relief to the struggling real estate market.
Bitcoin continues to show weakness as the BTC price can move towards $24,000-25,000 as it goes to test the 200-week EMA once again.
The S&P 500 gained about 3.17 percent in the past five days to trade at around 4,514.87 as of Wednesday’s close.