Germany’s CPI data showed inflation in August fell below the ECB’s 2% target for the first time since March 2021
Company bullish on Q4 sales of premium sport-utility vehicles
Shares of Campbell Soup Co. are down 0.3% in premarket trades Thursday after the soups and foods company swung to a fourth-quarter loss but delivered stronger-than-expected sales outlook.
A new research paper from a regional Fed bank suggests the U.S. central bank should return to a shorter-duration portfolio that was common before the global financial crisis.
The cost of gasoline at the pump has been falling ahead of the traditional end to the summer driving season. Analysts warn that drivers still can’t rule out the risk of a spike, even as demand typically starts to drop off at this time of year.
Initial jobless claims fell by 2,000 to 231,000 in the week ended August 24, the Labor Department said Thursday.
A William Blair analyst likes Tesla’s energy-storage offerings and thinks that business could get more attention while EV expectations are more muted.
July trade imbalance up 6.3% to $102.7 billion
Brown-Forman Corp., parent to alcohol brands including Jack Daniel’s, posted weaker-than-expected fiscal first-quarter earnings on Thursday, as the consumer continues to be picky about spending.
Retailer expects 2024 operating income of $455 million to $465 million, below the analyst projection of $469 million
Many 1-year CDs will come due right when interest rates are set to drop.
Apple is in the best position to bring AI to the masses through enhanced smartphones, according to Citi.
Dollar General’s stock was tumbling toward its worst day ever on Thursday, after the discount retailer reported fiscal second-quarter profit and sales that missed expectations and slashed its full-year outlook, citing a “financially constrained” core customer.
But courts block effort to curtail conflicts of interest
Nvidia’s stock is “still too cheap to ignore,” one analyst says, while cheering the long-term AI narrative.
Sales rise 13% as margins improve
Oil futures edged higher early Thursday, finding support as discord in Libya continued to limit supply from the OPEC producer.
The July personal consumption expenditures inflation report on Friday is likely to reassure investors that an initial interest-rate cut by the Federal Reserve is in store for next month — but don’t expect the stock market to celebrate, according to market experts.
Cava Group Inc.’s stock fell 2.5% early Thursday, after Morgan Stanley downgraded it to equal weight from overweight following its stellar run in the year to date.
