In August, the United States Bureau of Labor Statistics (BLS) released its latest Consumer Price Index (CPI) data, which showed consumer prices rising by 3.2% from July 2022 to July 2023. This rise is far from the 8.5% increase for the same period a year earlier. Except for food and energy, the price hikes are the lowest 12-month jump since […]

After coming under pressure early in the session, treasuries regained ground over the course of the trading day on Monday. Bond prices climbed well off their early lows, ending the day roughly flat. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a basis point to 4.319 percent after reaching […]

Movie theater company AMC’s stock was not anything special. AMC was the largest company in its sector. Threatened by a consumer move to streaming, many people worried about its future, but traffic to its locations was steady enough. The pandemic nearly bankrupted it, as people fled public places and turned to streaming almost completely. It appeared AMC would go under. […]

Maplebear, more widely known as Instacart, the grocery delivery service that was founded in 2012 and reached its peak valuation two years ago, has raised its initial public offering price range from $26 to $28 per share to a new range of $28 to $30. The company is selling 14.1 million shares and has granted its underwriters an overallotment option […]

Kite, the cell therapy unit of Gilead Co. (GILD), announced Monday positive results from the Phase 2 ALYCANTE study for use of its chimeric antigen receptor or CAR T-cell therapy Yescarta (axicabtagene ciloleucel) in patients with relapsed/refractory or R/R large B-cell lymphoma. In the trial, led and sponsored by the French collaborative group LYSA/LYSARC, Yescarta demonstrated high response rate and […]

On Monday, the Walt Disney Co. (NYSE: DIS) settled its dispute with Charter Communications Inc. (NASDAQ: CHTR) just hours before Disney’s ESPN broadcast of the new NFL season’s first Monday Night Football game. Disney basically sold Charter the right and the means to jump into the non-linear broadband world for a paltry $2.2 billion. The deal opens the door for […]

There are 3 earnings reports due out after U.S. markets close Thursday. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue in thousands of dollars. Companies marked with an asterisk have not confirmed the date. Adobe […]

Gold prices fell on Tuesday as the dollar rebounded, regaining some lost ground ahead of the release of U.S. inflation and other macroeconomic indicators this week. The Federal Reserve is scheduled to announce its interest rate decision on September 20. The highly anticipated U.S. consumer price inflation report is due on Wednesday, with a surprise upside in inflation likely to […]

In the past week, management of airline heavyweights — United Airlines UAL, Alaska Air Group ALK and Southwest Airlines LUV increased their respective projections for third-quarter 2023 fuel price per gallon. Hawaiian Holdings HA, meanwhile, revised its projections downward for key metrics for third-quarter as well as full-year 2023. The devastation caused by wildfire to the Lahaina town in West […]