In June, inflation rates saw a decrease as a result of lower gasoline prices and other factors that contributed to easing price pressures. The consumer price index, which is a key gauge of inflation, rose by 3% in June compared to the previous year, marking a decline from the 3.3% seen in May. This index
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Pfizer has made significant strides in the development of a once-daily version of its weight loss pill, danuglipron, based on promising data from early-stage studies. The company’s decision to move forward with this formulation comes after evaluating various options to determine the most effective and safe profile for the drug. Pfizer plans to conduct additional
Housing inflation has proven to be a persistent factor contributing to the overall high levels of inflation in the United States economy. Despite a cooling trend in inflation rates across various sectors following the peak levels during the pandemic era, housing inflation has remained stubbornly high. This slow decline in housing inflation is identified as
The CNBC Investing Club with Jim Cramer held its “Morning Meeting” livestream, where crucial market developments were discussed. Thursday saw a decline in the S & P 500 and Nasdaq from their record highs, driven by a lower-than-expected inflation report. This led investors to shift from Big Tech stocks to smaller-cap names, impacting Club holdings
As the Summer Olympics in Paris approach, sportsbooks and daily fantasy operators are gearing up for what could be a significant increase in betting activity. This year’s games will be the first to take place since legal gambling has become widespread in the U.S. With sports like basketball, soccer, and tennis expected to draw a
Delta Air Lines recently announced its forecast for record revenue in the third quarter, highlighting the strong summer travel demand. However, this projection fell below analysts’ estimates due to various factors. The carrier expects a sales increase of no more than 4%, which is lower than the 5.8% growth estimated by analysts. It also forecasted
The U.S. Department of the Treasury and the IRS recently announced a significant achievement in collecting more than $1 billion in tax debt from high-income individuals over the past year. This marked a major milestone for the agency as they continue to crack down on tax evasion among the wealthiest Americans. With new funding totaling
China is experiencing a significant shift in its transportation sector with the rise of robotaxis. As major players like GM’s Cruise and Alphabet’s Waymo have introduced driverless taxis in the US, local Chinese governments have also begun allowing domestic companies to operate robotaxi rides for the public. The introduction of fully autonomous driving taxi experiences
The world of cryptocurrency exchange-traded funds is about to see a new player: ethereum. With spot ether ETFs potentially entering the market this week pending the approval of the U.S. Securities and Exchange Commission, Bitwise Asset Management’s Chief Investment Officer, Matthew Hougan, is gearing up to seize this opportunity. According to him, the introduction of
With NASA astronauts currently aboard the International Space Station longer than anticipated, uncertainty looms about their return to Earth. The primary option for returning the crew to Earth remains Boeing’s Starliner capsule, despite acknowledgment of potential alternatives by NASA’s leadership. The Starliner capsule, named “Calypso,” has already spent 36 days in space with NASA astronauts