Tuesday’s trading session saw Microsoft close at a record high of $360.53 on the back of renewed growth expectations from a significant artificial intelligence partner. The software maker’s market value has increased by 1.12% per day to approximately $2.68 trillion. All of the main American indexes saw gains for the day; the S&P 500 saw…
As optimistic investors assessed the possibility that the United States will finally see a bitcoin ETF in the upcoming months, cryptocurrency prices briefly soared to start the week. An unconfirmed report that the Securities and Exchange Commission had officially approved the iShares spot bitcoin ETF caused bitcoin to briefly spike above $30,000 on Monday morning….
More than expected, US wholesale price inflation increased by 0.5% in September. Unexpectedly, high wholesale price growth in September was a sign of brewing inflationary pressures for the American economy. The Labor Department reported on Wednesday that the producer price index, which measures the costs for finished goods that producers pay, increased by 0.5% for…
An economic indicator that the Federal Reserve uses as a measure of inflation rose less than expected in August, showing that the central bank’s fight against rising prices is making progress. The personal consumption expenditures price index, which excludes food and energy, rose 0.1% in the month, less than the 0.2% rise expected in the…
