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U.S. wholesale prices rose in August, according to a report Thursday that could play a key role in the Federal Reserve's upcoming interest rate decision.
Wholesale costs in the U.S. jumped again in August, flogged by higher gasoline prices, in the first of two inflation reports that will dictate if the Federal Reserve raises interest rates next week.
Celsius Holdings is rated a hold at $27.64, aligning with my fair value estimate of ~$28 per share. The PepsiCo partnership and Alani Nu acquisition have strengthened CELH, but core Celsius brand growth remains unproven post-distribution changes. Current valuation is based on a 2027 EPS estimate of $1.55 and an 18x multiple, reflecting 7.3% revenue growth and 17.5% operating margin assumptions.
US equity futures waver ahead of PPI data, Oracle earnings and a rate decision from the European Central Bank. Brent crude reaches $102 a barrel as Iran is said to be ready to intensify its counterattacks if the US continues its strikes.
Oil prices stay above $100, stoking stock market inflation fears; Macy's and other key earnings; and more news to start your day.
Nasdaq said on Thursday its venture arm agreed to invest $100 million in Payward, parent company of cryptocurrency exchange Kraken, deepening a partnership aimed at developing infrastructure for trading tokenized equities.
The bank held its benchmark one-week repo rate at 37.0%, it said Thursday. The bank last cut its key rate in January.
Bank of America argues that equity markets can withstand more severe bond market shocks than those witnessed so far in 2026 and that volatility may be better guide to risk than Treasury yields at present.
Escalating US-Iran tensions have pushed Brent oil above $100, raising inflation risks. Elevated oil and refined product prices are likely to drive CPI higher, pressuring both bond and equity markets.
ProShares Short 20+ Year Treasury ETF is initiated with a Sell rating and a $22 price target, implying 14% downside. TBF's performance is closely tied to rising long-term Treasury yields, but current levels do not warrant new bearish positions. I expect core CPI to steadily decline over the next twelve months, reducing the primary driver for further yield increases.
Plus, a win for ‘Y'all Street'
US stock futures were mixed on Thursday as investors waited for producer-price data to test whether the recent selloff in bonds and equities has further to run. Dow futures rose over 100 points 0.21% and S&P 500 contracts gained 0.13%, while Nasdaq 100 futures slipped 0.17% after three straight losing sessions.
Apple raised prices on its existing iPhone lineup in India by as much as 41% within hours of unveiling newer models, bucking its usual practice of discounting older variants and marking one of the steepest hikes in any market where it has repriced this year.
The S&P 500 dividend yield is currently near 1%, reflecting historically low payout levels. Buybacks and retained earnings have become more prominent capital allocation tools than dividends for S&P 500 constituents.
President Trump talks up America's "tremendous" success as he promises a 'dividend' to US adult citizens if the Republicans retain control of Congress - in a pledge totalling more than a trillion dollars. The 10-year US bond yield jumps to its highest level in three years as the Treasury Department announces plans to buy back up to 6 billion dollars in longer-term debt - triple the normal level.
