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S&P 500, Nasdaq climb as soft inflation dampens Fed rate hike expectations | Reuters.
News Brief: U.S. stocks climbed after softer-than-expected inflation data eased expectations for another Federal Reserve rate increase, with major technology shares helping lift the S&P 500 and Nasdaq.
US second-quarter GDP revised higher amid robust consumer spending | Reuters.
News Brief: The U.S. economy grew at a revised 2.2% annualized rate in the second quarter, supported by stronger consumer spending and business investment, including spending tied to AI infrastructure.
Private sector added 90,000 jobs in September, above expectations, ADP says | FOX Business.
News Brief: U.S. private employers added 90,000 jobs in September, according to ADP, providing a fresh signal on labor-market conditions heading into the fourth quarter.
Factory activity returns to expansion in a positive sign for Chinaโ€™s economy | Associated Press.
News Brief: China's factory activity expanded in September for the first time in three months, offering a more encouraging signal for the world's second-largest economy.
Why Mattel Stock Is Plunging Ahead of the Holiday Season | Barron's.
News Brief: Mattel shares fell to their lowest level in nearly six years after the toy maker announced CEO Ynon Kreiz will step down ahead of the crucial holiday shopping season.
Fed's favored inflation gauge cooled in August but remained elevated | FOX Business.
News Brief: The Federal Reserve's preferred inflation measure rose less than economists expected in August, easing some rate-hike concerns even as inflation remained above the Fed's longer-term target.
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YouTube
Fed Votes Unanimously on Interest Rate Hike, First Time Since July 2023
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โ€˜FEELING PRESSUREโ€™: Trump SOUNDS OFF after Warsh HIKES and gas surges
Fox Business