In September, consumer prices in the United States increased slightly faster than expected, maintaining a focus on inflation for policymakers. According to a Labor Department report, the consumer price index (CPI) rose by 0.4% on a monthly basis and 3.7% on a year-over-year basis, exceeding Dow Jones estimates of 0.3% and 3.6%, respectively. Headline inflation… Continue reading Consumer prices rose 0.4% in September, more than expected

In September, wholesale prices in the United States increased more than anticipated, underscoring persistent inflationary pressures in the country. The Labor Department’s report revealed that the producer price index, which measures the costs producers pay for finished goods, rose by 0.5% during the month, surpassing the Dow Jones estimate of a 0.3% increase. Although this… Continue reading Wholesale inflation rose 0.5% in September, more than expected

The Gaza Strip’s sole operational power plant has exhausted its fuel supply due to an ongoing “complete siege” imposed by Israel, which has ceased sending supplies to the region, home to more than 2 million people. In the midst of escalating hostilities, the death toll is mounting in both Israel and the Gaza Strip as… Continue reading Israel-Hamas war live updates: Gaza’s only power plant runs out of fuel; Israel incursion ‘expected soon,’ former U.S. official says

Prominent figures in the real estate and banking sectors are urging the Federal Reserve to halt its interest rate hikes due to mounting concerns about surging housing costs and a severe shortage of available homes for sale. In a letter addressed to the Fed Board of Governors and Chair Jerome Powell, industry representatives from the… Continue reading Housing industry urges Powell and the Fed to stop raising interest rates

In a recent interview, billionaire hedge fund manager Paul Tudor Jones expressed his cautious outlook on investing in risk assets, citing escalating geopolitical tensions and the precarious fiscal situation in the United States. Jones pointed to factors such as the Israel-Hamas conflict as a significant source of geopolitical uncertainty and the subsequent potential for a… Continue reading Paul Tudor Jones says it’s hard to like stocks given geopolitical risks, weak U.S. fiscal position

Israel is persisting with airstrikes in the Gaza Strip following a recent attack by Hamas in Israel. Prime Minister Benjamin Netanyahu has issued a warning, stating that Israel’s response to the Hamas attack “will have lasting repercussions for generations.” According to Hebrew media reports, Israel has targeted a significant number of sites in Gaza since… Continue reading Israeli strikes in Gaza enter 4th day

The Writers Guild of America has officially ratified a new three-year contract with Hollywood studios. The vote saw 99% of the guild’s membership in favor of the agreement, with 8,435 votes in favor and only 90 against. The contract will be in effect from September 25, 2023, through May 1, 2026. The new contract includes… Continue reading Hollywood writers ratify new contract with studios

The Pentagon has announced its coordination with U.S. defense companies to expedite the delivery of pending weapon orders to Israel as violence escalates in the region following a weekend terror attack by Hamas. While specific details were not disclosed, the Defense Department is working rapidly to supply critically needed munitions and equipment. Military cargo planes… Continue reading Pentagon pushing U.S. defense industry to bolster Israel in fight against Hamas

The article discusses the impact of the Israel-Hamas conflict on U.S. stock futures and Wall Street’s response. U.S. stock futures were mostly flat as investors assessed the potential consequences and risks associated with a prolonged conflict. Dow Jones Industrial Average futures inched up by 2 points (0.01%), S&P 500 futures saw a similar gain (0.01%),… Continue reading Stock futures are little changed Monday evening as Israel-Hamas war raises geopolitical concerns: Live updates

In response to a surprise offensive launched by the Palestinian militant group Hamas on Saturday, Israel conducted extensive airstrikes in the Gaza Strip on Monday. Israeli ministers have imposed a “complete siege” on Gaza, further restricting the already limited access to food, water, and electricity for its approximately two million residents. This offensive by Hamas,… Continue reading Israel-Gaza live updates: Israel mobilizes a record 300,000 reservists; Gaza under ‘complete siege’

Tesla has reduced the prices of some Model 3 and Model Y versions in the United States following lower-than-expected third-quarter deliveries. The starting price for the Model 3 now begins at $38,990, down from $40,240, while the long-range Model 3 has dropped from $47,240 to $45,990. The Model 3 Performance version is now priced at… Continue reading Tesla cuts Model 3 and Model Y prices in the U.S. after car deliveries fall

Former President Donald Trump has endorsed Republican Rep. Jim Jordan of Ohio for the position of Speaker of the House of Representatives. This endorsement follows the recent vote to remove Rep. Kevin McCarthy as speaker and the consideration of Trump himself becoming speaker temporarily. Trump praised Jordan’s stances on crime, borders, military/veterans, and the Second… Continue reading Trump endorses GOP Rep. Jim Jordan of Ohio for House speaker in race to replace McCarthy