“Even shelter, long the most stubborn component, cooled to a 0.1% gain, its smallest since January 2021.” The probability of a July rate hike collapsed from 42% to 17% in a single session, per CME FedWatch data, though traders still place roughly 60% odds on a hike by September. Minutes from the June 16–17 […]
An employee bags a customer’s purchases at a Kroger Co. store in Peoria, Illinois, U.S., on Tuesday, June 16, 2015. Kroger Co. is expected to release quarterly earnings on June 18. Photographer: Daniel Acker/BloombergDaniel Acker/Bloomberg Processing Content Key insight: Headline CPI inflation was 3.5% in June, slower than the 4.2% growth tracked in May. Core […]
IBM shares tanked on Tuesday after the tech giant released preliminary second-quarter results that fell short of Wall Street’s expectations. The company reported revenue of $17.2 billion, up just 1% and below analyst forecasts, with infrastructure revenue down 7%. In a letter to investors on Tuesday, CEO Arvind Krishna said the company “faltered,” blaming large […]
“If sales are higher and the prices are going down, that just shows that there is renewed interest and people are willing to purchase at more attractive offers and prices,” he said. “We’re maybe at the beginning of that tilt to the upside now.” Why the confidence of some first-time buyers is improving Against a […]
Could the next media powerhouse be a sports team? The Kansas City Chiefs are making a big push into branded entertainment, but with a twist: The team has ambitions to compete with traditional media companies. That means it’s not just about using shows to reach fans and promote the team, but also about selling advertising […]
An employee bags a customer’s purchases at a Kroger Co. store in Peoria, Illinois, U.S., on Tuesday, June 16, 2015. Kroger Co. is expected to release quarterly earnings on June 18. Photographer: Daniel Acker/BloombergDaniel Acker/Bloomberg Processing Content Key insight: Headline CPI inflation was 3.5% in June, slower than the 4.2% growth tracked in May. Core […]
The recent end of the always-fragile ceasefire with Iran throws energy markets, oil in particular, back into the forefront of investors’ minds, just when they were getting used to a $60 price handle again. It’s a dynamic situation, and while near-term traders enjoy it, longer-term investors need to take a more reflective view. Here are […]
A shopper carries a Target bag in San Francisco, California, US, on Wednesday, June 10, 2026. David Paul Morris | Bloomberg | Getty Images Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year’s inflation surge, the […]
Actor Chris Pine is suing a townhouse developer after negotiations for the short-term rental of one of his Cobble Hill projects fell apart. The lawsuit, which Pine filed in a New York court on Monday, accuses Eckstrom Development’s Carlos Saavedra of failing to return $100,000 in fees that the Star Trek star claims he paid […]
Property tax revenue may have been reduced by an estimated $1.1 billion between 2010 and 2024, while the amount of forgone sales tax revenue, which could not be determined due to data limitations, could be in the hundreds of millions of dollars, Matthew Fahrenbruch, senior auditor with the legislature’s Division of Post Audit, told state […]