Writing the summary…
Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
Source: CNBC
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The Guardian
Economic growth in UK and US revised higher; diesel on brink of £2 a litre for first time – business live
UK cements its place as fastest-growing G7 country so far this year This morning’s upgrade to UK growth in April-June is a boost to Andy Burnham, analysts say, even though he didn’t take office until almost a month later. Chris Beauchamp , chief market analyst at IG , says: “Still on a post-speech high, the upgraded figure is yet more good news for the UK’s still-new(ish) prime minister. The highest growth in the G7 for the first half is certainly a headline and one that will help keep nervous MPs in line for a while, plus it helps take off pressure for a new election - why risk it now when things appear to be improving nicely.” The upward revision to real GDP growth in Q2, from 0.4% q/q to 0.5% q/q, suggests that the economy has been a bit more resilient to higher energy prices in the first half of the year than previously thought. This resilience may continue into Q3, but we still expe
CNBC2 outlets
Mattel names Roger Lynch as CEO, replacing Ynon Kreiz
Mattel is getting a new CEO: The toymaker and media company announced that Roger Lynch, who’s been chief exec of Condé Nast for more than seven years, will become its next CEO. Lynch will become chairman of Mattel effective Oct. 2 and will assume the role of CEO effective on or before Nov. 2. He […]
CNBC
Jim Cramer's top 10 things to watch in the stock market Wednesday
Micron reports earnings tonight, and the PCE price index for August came in cooler than expected.
CNBC
Ken Griffin pledges $3 billion to Carnegie Mellon University in 'historic' gift
Citadel CEO Ken Griffin is committing $3 billion to Carnegie Mellon University, a "historic" gift that includes $2 billion to establish a new Miami campus.
CNBC
Micron earnings hit Wall Street after the bell. Here's how options traders are positioned into the report
In the near term, the market needs to get through Micron earnings. The good news is options traders think it could be a slam dunk.
CNBC
Boeing rises 3% after securing U.S. Navy deal to develop next-generation fighter jet
The Department of War and the U.S. Navy said Tuesday that it's chosen aircraft manufacturer Boeing to develop its next generation of fighter jets.