Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump

Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump

Vegetables on display in a grocery store on August 15, 2025 in Delray Beach, Florida. Joe Raedle | Getty Images Prices consumers pay for a variety of goods and services moved higher than expected in August while jobless claims accelerated, providing challenging economic signals for the Federal Reserve before its meeting next week. The consumer…

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Nvidia, Broadcom, other AI names rally on Oracle’s growth projections

Nvidia, Broadcom, other AI names rally on Oracle’s growth projections

Oracle Corp Chief Executive Larry Ellison during a launch event at the company’s headquarters in Redwood Shores, California June 10, 2014. Noah Berger | Reuters Oracle‘s massive growth trajectory for cloud infrastructure is lifting all boats. The cloud giant forecasted skyrocketing sales to $114 billion in the company’s fiscal 2029, signalling demand for artificial intelligence…

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