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U.S. inflation increased less than expected in August, which could see financial markets further reduce the odds of another interest rate increase from the Federal Reserve next month.The Personal Consumption Expenditures Price Index rose 0.3% last month after a downwardly revised 0.1% gain in July…
U.S. stocks fell, Treasury yields hit multi-year highs and the dollar firmed as markets priced a roughly 70% chance of a second straight Fed hike in October. Oil gave back some gains after earlier jumping on renewed Middle East negotiations hopes.
Major stock indexes fell as oil resumed its rise and Treasury yields extended gains ahead of more expected Fed rate hikes. Nvidia rose after boosting its buyback authorization, while gold fell and the dollar strengthened.
Braze reported fiscal second-quarter revenue of $227 million, up 26% year over year, and said non-GAAP operating margin improved by more than 600 basis points. It raised third-quarter and full-year revenue guidance.
Shopify reported second-quarter 2026 GMV of $116 billion, up 32% year over year, and revenue of $3.6 billion, up 34%. The company also said free cash margin was 18% and gave Q3 revenue growth guidance in the low 30s percent range.
A 67-year-old man retired this year with roughly $2.3 million spread across a 401(k), a Roth IRA and a taxable brokerage account. His three adult children have started arguing among themselves—and with him—about whether he should travel more, help fund his grandchildren’s college education or hold onto the money in cas
Netskope reported Q2 fiscal 2027 revenue of $221 million, up 29% year over year and ahead of guidance, with ARR at $899 million, up 27% year over year.
The U.S. Personal Consumption Expenditures price index rose 3.7% year over year in July, above economists’ 3.6% estimate, while core PCE held at 3.3% and monthly headline and core PCE both rose 0.2%.
US personal income increased 0.4% in July versus 0.2% expected and 0.2% prior, while personal spending rose 0.2% versus 0.1% expected and 0.3% prior.
US Personal Income increased 0.4% month over month, versus a 0.2% forecast and 0.2% prior.
US personal income rises less than forecast
US personal spending increases 0.7% in May, exceeding the estimated 0.6%
US personal income increases 0.7% and personal spending rises, exceeding expectations