Inflation Slows in July As Prices Rise 0.1 Percent
The July CPI rose 0.1 percent, below economists’ 0.2 percent forecast, with core prices up 0.1 percent. Gasoline gained 0.9 percent and food 0.2 percent, easing pressure on the Fed though a rate rise remains debated. Lowe’s profits up 8.4 percent but miss earnings estimates, while Aston Martin plans an 800-hp electric Rapide to challenge Tesla in the coming years.
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Federal Reserve
Labor Department
Lowe’s
Wall Street
Thomson Reuters
Home Depot
ASTON
Aston Martin
Tesla
Andy Palmer
Automotive News
Average CD yields snapshot from rates usatoday
USA TODAY presents a brief snapshot of five year CD yields. As of Wednesday rates stand at 0.87 percent, up from 0.86 percent last week and 0.80 percent a year ago. Source Bankrate.com.
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S&p
USA Today
Marketwatch.com
Usatoday.com
Source Bankrate.com
Airbnb disrupts travel with sharing model and growth
USA TODAY interviews co founder and CEO Brian Chesky about Airbnb reshaping travel with listings rivaling hotel stays. The company operates in 191 countries and 34 000 cities with peak night demand pushing valuation toward 25 billion dollars while eyeing business travel and China expansion.
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Uct
Uber
Airbnb
USA Today
Brian Chesky
Cuba
America
September rate hike in doubt as Fed minutes signal cautious path
Wall Street traders weighed the Federal Reserve minutes from July showing policy firming not yet achieved, with conditions approaching that point but uncertain. Futures priced a 38 percent chance of a September move as concerns about inflation and overseas risks persisted.
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New York
Federal Reserve
Wall Street
Fed
Janet Yellen
Dow
China
Ellenberger
Anthony Valeri
LPL Financial
Subway slides from No.2 after Fogle scandal
Subway lost its No.2 slot to Starbucks last year amid slowing sales and rising competition. The brand’s public face Jared Fogle faced criminal charges, and Subway cut ties while facing ongoing pressure from rivals like Chick-fil-A and Chipotle. Analysts warn the scandal could further dampen future sales.
MENTIONED IN THIS ARTICLE
Subway
Jared Fogle
Starbucks
Technomic
Jared
McDonald’s
Darren Tristano
Fogle
Wendy’s
Burger King
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