business news

Dow futures rip higher by 400 points after lighter-than-expected inflation report

Cramer says we’ve hit peak inflation Wednesday’s July CPI report, which showed price increases slow, is a sign that the economy has hit peak inflation, according to Jim Cramer. “We obviously had peak inflation,” he told CNBC’s “Squawk on the Street” on Wednesday, noting that energy, travel and prices at the pump have continued to …

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Russia faces ‘economic oblivion’ despite short-term resilience

Russian President Vladimir Putin attends a meeting with parliamentary leaders in Moscow, Russia July 7, 2022. Alexey Nikolskyi | Sputnik | Reuters Russia is facing “economic oblivion” in the long-term because of international sanctions and the flight of businesses, several economists have said. The International Monetary Fund last week upgraded Russia’s gross domestic product estimate …

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Trucking CEOs expect high prices, demand in second half of 2022

Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. Truckers servicing some of the US’s busiest ports are staging protests as state-level labor rules that change their employment status begin to go into effect, creating another choke point in stressed US supply chains. David Paul Morris …

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Apple’s services slowdown in Q3 potential concern for investors

Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Josh Edelson | AFP | Getty Images For over half a decade, Apple has been touting its services business as a growth engine that will make up for smart …

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S&P 500 futures rise after strong Apple, Amazon reports as Wall Street heads for winning week

Stock futures rose early Friday as Wall Street looked to finish the week higher, fueled by strong quarterly reports from key tech companies. S&P 500 futures climbed 0.7%, while Nasdaq 100 futures added 1.2%. Futures tied to the Dow Jones Industrial Average gained 69 points, or 0.2%.. Futures were supported by gains from two of …

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Dollar strength is more worrisome than inflation for Asia, economist says

Exchange rate weakness in the face of a strong US dollar is a bigger concern for Asia than inflation, Taimur Baig, managing director at DBS Bank in Singapore, told CNBC on Thursday. “We’re not particularly worried about inflation driving policy, but exchange rate weakness, dollar cash drying up, those things [are] a bigger issue, [and …

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