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Latest Financial News
U.S. Producer Prices Rise 0.4% in August, Annual PPI Reaches 5.4%
Energy prices drove most of the goods increase, while PPI excluding food, energy and trade services rose 0.3% and was up 4.7% from a year earlier.
Nasdaq to Invest $100 Million in Kraken Parent Payward as Tokenized-Equities Partnership Expands
Nasdaq Ventures agreed to invest $100 million in Payward, the parent of Kraken, while the companies widened their tokenized-equities work and added a market-surveillance agreement.
Macy’s Raises 2026 Outlook After Q2 Comparable Sales Rise 2.7%
Companywide comparable sales rose 2.7% in the second quarter, led by double-digit growth at Bloomingdale’s, as Macy’s lifted its sales and earnings guidance for 2026.
U.S. Existing-Home Sales Fall 2% in August as Months’ Supply Hits Decade High
Existing-home sales slowed to a 3.98 million annual pace in August, while 4.9 months of available supply gave buyers more room to negotiate despite higher prices.
Designer Brands Raises 2026 Outlook as Q2 Gross Margin Expands to 50%
Designer Brands lifted its full-year sales and adjusted EPS guidance after Q2 reported gross margin reached 50%, even as net sales fell 1.2%.
U.S. Wholesale Sales Rise 0.8% in July as Inventories Climb 1.3%
Merchant wholesalers held $958.9 billion of inventory at month-end, while the inventories-to-sales ratio stood at 1.20 versus 1.28 a year earlier.
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