Business

US stocks drifted lower on Thursday after the latest consumer inflation print came in hotter than anticipated, setting up expectations for the path of interest rates. The Dow Jones Industrial Average (^DJI) slipped nearly 0.2%, while the S&P 500 (^GSPC) shed roughly 0.3%, after both clinched fresh record highs. The …

A closely watched report on US inflation showed consumer price increases ticked lower on an annual basis during the month of September but “core” prices remained sticky, according to the latest data from the Bureau of Labor Statistics released Thursday morning. The Consumer Price Index (CPI) increased 2.4% over the …

Third-quarter earnings fell 26% at Delta Air Lines (DAL), which struggled to overcome a global technology outage that led to thousands of flight cancellations, and indications that growth in air travel is beginning to slow. Shares slumped almost 6% before the opening bell, dragging down other airlines as well. Delta …

Despite its massive run-up this year, perhaps no company is quite as divisive among investors at the moment as Palantir Technologies (NYSE: PLTR). The share price for this tech stock, which was just added to the S&P 500, has more than doubled this year and was among the market’s top …

Nvidia (NASDAQ: NVDA) supplies the most powerful graphics processing chips (GPUs) for developing artificial intelligence (AI) models. The company has an impressive list of customers who are spending truckloads of money to fill their data centers with those chips as they battle for AI supremacy. In fact, Nvidia CEO Jensen …

(Bloomberg) — China’s central bank has set up a swap facility to provide liquidity to institutional investors to buy stocks, part of a broad stimulus package announced earlier that ignited a rally in equities. Most Read from Bloomberg The People’s Bank of China will accept applications from eligible securities firms, …

(Reuters) -Former Pfizer CEO Ian Read and ex-CFO Frank D’Amelio said they will not be involved with activist investor Starboard Value, which reportedly wants the U.S. drug giant to make changes to turn its performance around. “We have decided not to be involved in the efforts of Starboard Value regarding …

(Bloomberg) — As Nvidia Corp. found itself the target of a deep selloff earlier this year, Impax Asset Management was quietly seizing the moment to build a stake it had long regretted not owning. Most Read from Bloomberg Ian Simm, chief executive officer and founder of the $50 billion London-based …

By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) – A tight U.S. presidential race is leading some investors to brace for an unclear or contested election result that could trip up this year’s booming stock market rally. With less than a month before the election, polls and prediction …

Michael M. Santiago/Getty Images US stocks jumped to record highs on Wednesday. Indexes hit fresh all-time highs ahead of the key inflation report for September due Thursday. The CPI reading is a higher stakes event after the big September jobs report. US stocks jumped on Wednesday as traders looked ahead …