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Spending on discretionary goods and services that people buy to have fun with was particularly motivated.
We haven't written up this one. Wolf Street has the full story — the link below goes straight to it.
Gold opened the month steady as softer inflation data lowered bets the Federal Reserve will raise interest rates at its next meeting, while high bond yields left the door open to renewed selling.
Micron signaled that fiscal 2027 will be another strong year as demand for its memory products continues to exceed supply.
Kashkari said the bigger surprise in the latest batch of inflation data was the revisions to gross domestic product growth that suggested a resilient economy and consumer.
Disney’s Avatar series was once the most bankable franchise in Hollywood, but director James Cameron has questioned whether future films will ever come to fruition. There is good reason for this.
UAE launches National Financial Literacy Strategy 2027–2031 as the Central Bank targets savings, responsible borrowing, financial resilience and emerging scams
Officials have penciled in one more increase by the end of the year when it raised rates in September
