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Continue reading >>The stock market fell on Tuesday as a hot inflation report overshadowed the start of the second-quarter earnings season. Specifically, the June consumer price index was up 5.4% versus forecasts for a rise of 5%. This represented the highest 12-month rate since August 2008.Earnings beats by JPMorgan Chase (JPM) and Goldman Sachs (GS) offset some of the inflation concerns though, with the broader...
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Continue reading >>The stock market fell on Tuesday as a hot inflation report overshadowed the start of the second-quarter earnings season. Specifically, the June consumer price index was up 5.4% versus forecasts for a rise of 5%. This represented the highest 12-month rate since August 2008.Earnings beats by JPMorgan Chase (JPM) and Goldman Sachs (GS) offset some of the inflation concerns though, with the broader...
Continue reading >>Price increases in used cars, car rentals — as well as a rebound in airfares, lodging and food — are behind the biggest inflation surge since 2008 as the U.S. economy reopens. The consumer price index jumped 5.4% from a year earlier, the largest increase since before the worst of the financial crisis, the Labor Department reported Tuesday. Excluding the volatile food and energy categories,...
Continue reading >>The stock market fell on Tuesday as a hot inflation report overshadowed the start of the second-quarter earnings season. Specifically, the June consumer price index was up 5.4% versus forecasts for a rise of 5%. This represented the highest 12-month rate since August 2008.Earnings beats by JPMorgan Chase (JPM) and Goldman Sachs (GS) offset some of the inflation concerns though, with the broader...
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