
U.S. Producer-Price Index Unchanged in July
The producer-price index was flat in July, after falling by 0.1% in June, as energy prices edged down, the Labor Department said.
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The producer-price index was flat in July, after falling by 0.1% in June, as energy prices edged down, the Labor Department said.

Mike Ashley's Frasers acquired luxury department store chain Harvey Nichols out of administration for an undisclosed sum on Thursday, adding one of Britain's most storied retailers to its stable of premium retail brands.

July inflation data matched estimates, with core CPI falling to 2.5%, its lowest since March 2021 and nearing the Fed's 2% target. Weakening payrolls and subdued inflation reduce the likelihood of a September Fed rate hike, supporting bullish risk asset sentiment.

Stock futures are slightly higher as investors await the release of more inflation data; the Producer Price Index report is expected to show that wholesale inflation picked up last month; Anthropic is reportedly looking to go public next month at a record valuation of $2 trillion; Cerebras shares are tumbling after the chipmaker's second quarterly report as a public company; and Cisco shares are falling despite strong quarterly results. Here's what you need to know today.

Chinese artificial intelligence startup DeepSeek on Thursday formally released its official V4 Pro model, aiming to regain ground against fast-moving domestic rivals as it expands hiring, computing capacity and fundraising efforts.

The number of people who filed for unemployment benefits was 209,000 in the week through Aug. 8, higher than the 204,000 claims expected by economists.

Cleveland Federal Reserve Bank President Beth Hammack on Thursday reiterated her view that the U.S. central bank should raise rates immediately to bring down too-high inflation and restrain business growth and investment.

As the U.S.-Iran war drags on with no end in sight, oil traders and policymakers are grappling with a critical question: are global oil stocks enough to offset what could become the biggest supply disruption on record?

A European Union ban on public funding for utility-scale solar inverters from "high-risk" countries is set to shift the market towards European suppliers, SMA Solar's chief executive said on Thursday.

Quantum Corporation reported better-than-expected Q1-FY2027 results with both revenues and profitability outperforming consensus expectations by a wide margin. Revenues of $80.8 million and Adjusted EBITDA of $8.0 million represented new multi-year highs for the company. Sales would have been even higher without persistent constraints around tape and disk drive availability. As a result, the backlog has increased significantly again.

Megan Horneman, Verdence Capital Advisors CIO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, interest rate outlook, and more.

The U.K. economy has performed better than expected over the summer, with solid growth and an uptick in business investment. That is despite the shadow of the Iran war and closure of the Strait of Hormuz, which threaten a sharp uptick in inflation and could drag on growth.

Saudi Aramco is handling September crude allocations to some of its Asian term customers on an ad hoc basis after Middle East hostilities disrupted the kingdom's exports, three sources familiar with the matter said.

Robert Kaplan, Goldman Sachs Vice Chairman and former Dallas Fed President, says the Federal Reserve was right to not raise interest rates at the meeting in July. He speaks on "Bloomberg Surveillance.

I downgraded MSDL to a hold last month. Now, MSDL has just shared its results for Q2 2026. And I think its problems got even worse. I see even weaker dividend coverage, further drop of NAV, and doubled non-accruals.