• Odds Of a Fed Rate Hike Climbed After Hotter-Than-Expected Core Inflation. Stocks Climbed Anyway.

    Stocks rose on Friday, breaking a four-day losing streak even as bets of a rate hike by the Federal Reserve jumped after core inflation rose more than expected in July.The S&P 500 gained 0.86%, while the Dow Jones Industrial Average did so 0.98%. The tech-heavy Nasdaq Composite gained 0.96%.Chances of a rate hike in next week’s Fed meeting are all but certain now, with the CME Group’s FedWatch tool showing they now stand at 86.3% compared to Thursday’s 72.4%.Core inflation climbed more than expected in August, rising 0.3%. The figure was 0.1 percentage points more elevated than forecasts. The annual…

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Lifestyle

  • Is China investable again?

    It always was – at the right price and for those with eyes wide open to the economic downside WITH Chinese stocks rallying hard this year, global investors are asking: is the country investable after all? The answer is yes, and it always was. The broad Chinese market had fallen…

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  • Upset Taylor Swift says she was told Ticketmaster could handle demand

    POP superstar Taylor Swift said on Friday it was “excruciating” for her to watch fans struggle to secure tickets for her upcoming U.S. tour after she had been assured that Ticketmaster could handle large demand. The New York Times reported that the US Justice Department was investigating whether Ticketmaster parent…

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