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Core PCE: In line but not enough to lower Fed rate hike expectations
One of the three key events of the week took place early Wednesday. It did little to change investor expectations of a Federal Reserve rate hike next month.
Read full storyFed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
Read full storyChina's short-drama producers flood the market with cheap bets — and let audiences pick the winners
The short-drama model offers an alternative to traditional entertainment, but rising distribution costs and audience-retention challenges remain.
Read full storyJersey earnings rise by 1.2% after inflation
Statistics Jersey says the increase is "slightly lower" than the long-term annual average.
Read full storyStocks making the biggest moves premarket: Intuit, Zoom, Semtech, SolarEdge & more
These are the stocks posting the largest moves premarket.
Read full storyThis AI-linked stock has lagged its peers. Citigroup says shares can more than double
Oracle is due to gain ground after underperforming and lagging peers over the past three months, one analyst says.
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