Inflation Was 3.4% in July, Down Slightly From the Previous Month
The inflation rate cooled to 3.4% in July, the Labor Department said Wednesday.
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Stocks Move Higher After CPI Meets Forecasts
U.S. stocks were rising after inflation cooled modestly in July - a critical data point for investors ahead of next month's Fed meeting.
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OPEC Cuts Oil-Demand Forecast Again as Hormuz Talks Stall
The Organization of the Petroleum Exporting Countries again cut its forecast for global oil-demand growth for this year, as stalled talks to reopen the critical Strait of Hormuz waterway and risks in the Red Sea prolong disruptions to global supplies.
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Norway Oil Fund Makes Record Profit, Buoyed by Asia Tech Stock Rally
The investment portfolio of the world's largest sovereign-wealth fund returned 9.4% in the first half, delivering a profit of nearly $185 billion before currency effects.
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Hormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says
Global oil demand is set for a deeper contraction this year as renewed hostilities in the Middle East and shipping disruptions push up fuel prices and weigh on consumption, the agency said.
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Bank of America to Deploy $250 Billion to Bolster AI and Energy Infrastructure
The bank is joining rivals that are rolling out pledges to back investments in U.S. critical industries.
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Red-Hot Power Stocks Are Losing Steam
The data-center backlash is complicating the picture for power plant owners.
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Wealth Management Has a $3 Trillion Problem: Investors Are Keeping Too Much Cash
Advisers are pitching bonds and other investments, but many prefer to keep cash in money-market funds.
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Why Wall Street and Nvidia Are Building an Exotic Money Pipeline for the AI Boom
Executives involved are hailing it as a new asset class, but critics have concerns about using chips as collateral.
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The SEC Isn't Waiting for the Clarity Act. Why You Should Brace for New Crypto Rules.
If Congress can't give crypto firms long-sought legal protections, a top Wall Street regulator might try to do it on its own.