
Inflation Remains Elevated as Energy Costs Push on Prices
The Personal Consumption Expenditure index, the Federal Reserve's preferred inflation tracker, held steady in July.
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The Personal Consumption Expenditure index, the Federal Reserve's preferred inflation tracker, held steady in July.

The main inflation gauge used by the Federal Reserve to set U.S. interest rates rose at a slightly elevated rate in July, leaving it an open question as to whether the central bank will raise interest rates next month.

Mark Walter's TWG Global blasted what it called "multipronged attacks" against the holding company and its subsidiaries, and said "despite what has been reported, there has been no fraud" at those companies. The statement came amid a flurry of media reports about Walter's empire and federal criminal and civil investigations into the accounting for related-party financial transactions by two of his insurers

The Fed's favored inflation gauge remained well above the central bank's 2% target in July after the Commerce Department released the PCE inflation report.

U.S. software shares have been on a roller coaster and more wild rides likely lie ahead, thanks to AI-driven uncertainty and the rise of trading strategies that investors say are accentuating the swings in popular technology sectors.

Total orders for durable goods—which comprise goods meant to last three years or more—increased in July by 1.1% to $339.3 billion, compared with a 0.5% increase in June.

The personal-consumption expenditures price index rose by 0.2% in July, from a decrease of 0.1% in June. Excluding the volatile good and energy categories, core PCE rose by 0.2%.

The equity portion of the abrdn Healthcare Opportunities Fund gained (gross of fees) and outperformed its benchmark. uniQure was the standout contributor as its shares re-rated dramatically after the FDA agreed that the three-year AMT-130 (gene therapy) data set in Huntington's disease could serve as the primary basis for a BLA under accelerated approval. Boston Scientific was among the largest detractors, weighed down by slower uptake of Watchman (device), faster-than-expected market share loss in electrophysiology and a reduced growth outlook.

Falling oil prices and less severe sanctions have eased inflation concerns, lowering interest rates and supporting bullish market momentum. Despite negative consumer sentiment, real-time spending data and strong service sector activity indicate accelerating economic growth, with a 3% GDP rate expected this quarter.

Consumer spending rose in July at the slowest pace in seven months, suggesting the U.S. economy lost a little steam after the end of the 2026 Word Cup and start of the third quarter.

The U.S. economy grew at a 1.5% annualized rate in the second quarter of 2026, the Commerce Department said in an updated estimate.

Good morning. The U.S. is looking to increase economic sanctions on Iran and its trade partners. But the new measures might not land a sought-after knockout blow, Risk Journal reports.

The AI boom will face a key litmus test today, with chip giant Nvidia (NVDA) slated to report earnings after the bell. The results are widely viewed as a barometer for AI demand, given that almost all the major tech firms rely on Nvidia's chips to power their data centers.

Chinese offshore oil and gas major CNOOC Ltd posted a record first-half net profit on Wednesday, as higher oil prices driven by the Iran war and rising production boosted earnings.

Citadel Securities' strategist Frank Flight says a bet that appears to be one-sided against long-term bonds could be setting up for a painful unwind.