Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jenny Horne provides live reaction to the latest PPI and Jobless claims data. Wholesale prices rose higher than expected, sending equity futures lower.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Disney's streaming surge boosts revenue despite traditional TV declines, while Advance Auto reports sales drop and strategic restructuring for growth.
Long-time ETF industry veteran and CEO and CIO of Astoria Advisors, John Davi, launched his firm's third ETF at the start of October. The Astoria US Quality Growth Kings ETF (GQQQ) joined the $145 million Astoria US Equal Weight Quality Kings ETF (ROE) and the $65 million AXS Astoria Inflation Sensitive ETF (PPI).
Year-over-year PPI has been the low water mark for inflation levels going back several months, and today shows a +1.8% for September.
On a year-over-year basis, Core PPI exceeded analyst estimates.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
U.S. index futures point to a modestly lower opening on Friday as traders hope for better tidings on the wholesale prices front. Thursday's slightly hotter-than-expected consumer price inflation data kept sentiment subdued throughout the session before the major averages closed modestly lower.
More economic data is out this week this morning, among them the sister report to yesterday's CPI number: the Producer Price Index (PPI). Look at this as the wholesale print on inflation, whereas the CPI reports retail inflation.