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$Apple (AAPL.US)$ shares are trading lower by 3.33% to $157.98 Tuesday in sympathy with the broader market after August CPI readings showed inflation came in greater than expected. This has caused economic concerns and has raised expectations for more aggressive Fed policy.
What Happened?
According to data from the U.S. Bureau of Labor Statistics, the headline CPI rose 8.3% in August, down from 8.5% in July. The August CPI reading came in above average economist estimat...
What Happened?
According to data from the U.S. Bureau of Labor Statistics, the headline CPI rose 8.3% in August, down from 8.5% in July. The August CPI reading came in above average economist estimat...
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The red-hot CPI spooked markets on Tuesday.
The persistence of rising inflation has put the Fed on an aggressive path of rate hikes, cementing the prospect of a sharp hike, with 75 basis points or even 100 basis points announced at its meeting next week.
Meanwhile, gasoline prices fell 10.6% in August, the biggest monthly drop in more than two years. However, it has little effect on pulling down the CPI, and the core CPI data hit record highs.
Quiz of Today
...
The persistence of rising inflation has put the Fed on an aggressive path of rate hikes, cementing the prospect of a sharp hike, with 75 basis points or even 100 basis points announced at its meeting next week.
Meanwhile, gasoline prices fell 10.6% in August, the biggest monthly drop in more than two years. However, it has little effect on pulling down the CPI, and the core CPI data hit record highs.
Quiz of Today
...
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$Tesla (TSLA.US)$ Are you still the yyds in your hearts?
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“Price gouging needs to be stopped,” Pelosi said at a press conference. “This is a major exploitation of the consumer.”
The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at “excessive” prices illegal under legislation House Democrats plan to bring to the floor next week.
The effort, announced May 12 by House Speaker Nancy Pelosi, comes as Democrats seek to blame record high gaso...
The U.S. president would have the authority to declare an emergency that would make the sale of gasoline at “excessive” prices illegal under legislation House Democrats plan to bring to the floor next week.
The effort, announced May 12 by House Speaker Nancy Pelosi, comes as Democrats seek to blame record high gaso...
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$Vinco Ventures (BBIG.US)$ $AMC Entertainment (AMC.US)$ do not let the bear/shorts shake you. This is the bulls stock. Stay strong
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After a robust rebound on Monday, stocks continued to push higher on Tuesday. With that in mind, here's a look at a few top stock trades as we approach mid-week. ![]()
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Top stock trades for today No. 1: General Motors![]()
$General Motors (GM.US)$ almost retested Monday's low, which would have actually been a great setup had it broken the low and reclaimed it.
In any regard, we now have an inside day with a hammer candle. An inside-and-up rotation ov...
$General Motors (GM.US)$ almost retested Monday's low, which would have actually been a great setup had it broken the low and reclaimed it.
In any regard, we now have an inside day with a hammer candle. An inside-and-up rotation ov...
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