Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed.The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared with the...
Author: admin
Monterey classic car auctions kick off, and sales expectations are tepid
A general view at Pebble Beach Concours d'Elegance on August 18, 2024 in Monterey, California. Since 1950, the annual Pebble Beach Concours d'Elegance has hosted the world's most beautiful and expensive collectable cars on the Competition Field along Carmel Bay.Matt Jelonek | Getty Images News | Getty ImagesA version of...
Insurance firm Gallagher taps pro athletes for summer internships, preparing them for life off the field
Insurance firm Gallagher is tapping into a new kind of summer intern: professional athletes.Last year, the insurance giant expanded its internship program to offer positions to pro athletes, giving them a pathway to prepare for life after sports. In return, Gallagher discovered the stars also tend to shine off the...
Crypto exchange Bullish prices IPO at $37 per share, above expected range, ahead of NYSE debut
UPDATE Bullish stock soars 143% in NYSE debut after $1.1 billion crypto IPOCryptocurrency exchange Bullish has priced its initial public offering at $37 per share, above the expected range of $32 to $33 and giving it a total market value of $5.4 billion.The company will raise $1.1 billion in the offering...
Potential Fed chair pick David Zervos of Jefferies backs aggressive interest rate cuts
Wall Street veteran David Zervos added his name Thursday to the list of potential Federal Reserve chairs who think the central bank is past due in approving an interest rate reduction.The chief market strategist at Jefferies told CNBC that central bankers shouldn't be daunted by the July producer price index...