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What's going on with the state of consumer prices?
Yahoo Finance Video4d agoneutralVIDEO
What's going on with the state of consumer prices?

Yahoo Finance Breaking News Reporter Jake Conley and Tech Editor Dan Howley join Julie Hyman on Morning Brief to discuss the state of consumer prices on the heels of the Consumer Price Index print released today. Prices rose 0.1% month over month and 3.4% year over year in July, and Core CPI — which excludes food and energy costs — rose 0.2% monthly and 2.5% yearly. All numbers matched economists' estimates.

Nasdaq Rallies After In-Line Inflation Report
Barrons.com4d agobullish
Nasdaq Rallies After In-Line Inflation Report

Stocks were rallying out of the gate on Wednesday after Wall Street shrugged off the latest inflation report. The Dow Jones Industrial Average rose 101 points, or 0.2%. The S&P 500 was up 0.5%. The Nasdaq Composite gained 0.

Investing.com4d agobullish
Okta upgraded as AI security opportunity boosts outlook

Investing.com -- Cybersecurity firm Okta is well positioned to benefit from growing enterprise demand for identity controls as companies deploy artificial intelligence agents, Citizens JMP Securities said on Wednesday, upgrading the stock and raising its price target.

AI code review platform CodeRabbit valued at $1.5 billion in latest funding round
Reuters4d agoneutral
AI code review platform CodeRabbit valued at $1.5 billion in latest funding round

AI code review ‌startup CodeRabbit ‌said on Wednesday it ​had raised $143 million in a funding round that ‌valued ⁠it at $1.5 billion. The round was ⁠co-led by Atomico and ​Smash Capital, ​with ​participation from ‌new investors including BMW I Ventures, Datadog, Hirtle Callaghan, among others. The ‌latest funding ​comes ​less ​than a ‌year after CodeRabbit's $60 ​million ​Series B funding round.

Millions of consumers could get £70 each after Mastercard lawsuit
Sky News4d agobearish
Millions of consumers could get £70 each after Mastercard lawsuit

Customers can expect payouts of up to £70 as part of a landmark group legal case against Mastercard next year after it settled outside court for £200m. Why is Mastercard paying compensation? The global technology company agreed at the end of last year to pay £200m to settle a legal case launched on behalf of UK consumers a decade ago.

What Does Teck Resources (TSX:TECK.B) Debt Restructuring Mean For Its Merger Plans?
Simply Wall St.4d agobearish
What Does Teck Resources (TSX:TECK.B) Debt Restructuring Mean For Its Merger Plans?

Teck Resources (TSX:TECK.B) has launched consent solicitations to amend covenants and events of default on several outstanding notes in connection with a potential merger with Anglo American. The company aims to align the terms of these notes with Anglo American's existing debt structure as part of broader transaction planning. The proposed changes could affect bondholder protections and reporting requirements if the merger proceeds. This kind of balance sheet reshaping around a potential...

Goldman Sachs (GS) Agrees $2.25 Billion ETF Acquisition
Simply Wall St.4d agoneutral
Goldman Sachs (GS) Agrees $2.25 Billion ETF Acquisition

Goldman Sachs Group (NYSE: GS) agreed to acquire ETF provider NEOS Investments for US$2.25b in a deal focused on options-based income products. The planned acquisition adds a suite of systematic options-based income ETFs to Goldman Sachs Asset Management's product lineup. The transaction highlights growing asset manager interest in ETFs that use options strategies to target regular income. Goldman Sachs is far from the only company tied to these kinds of product and infrastructure shifts...

Wall Street Likes the Latest Inflation Report
The Wall Street Journal4d agoneutral
Wall Street Likes the Latest Inflation Report

Stock futures edged higher in premarket trading, with futures tied to the Nasdaq up almost 1%. “It’s a step in the right direction,” said Mona Mahajan, head of investment strategy at Edward Jones. There’s “no re-acceleration in inflation, which is what we’d want to see.