Here, shelter costs were the main culprit for the hotter-than-expected increase. And gasoline prices have actually retreated 3.3% from a year ago, suggesting that they're still on a downward trend in the long run.Įxcluding volatile energy prices, monthly core inflation was up 0.3% against the expected 0.2%. Bureau of Labor Statistics.īut it's likely gasoline prices will fall after a month or two, according to Andrew Hunter, deputy chief U.S. Gasoline prices soared 10.6% in August, the largest contributor to inflation last month, according to the U.S. The headline number was pushed up by rising oil prices, which have been steadily increasing in recent weeks, as we've talked about. Read what four analysts have to say about the risks and benefits of buying Arm shares. It's a lofty multiple, comparable to Nvidia's 110 for the previous 12 months. That values the company at over $54 billion, giving it a price-to-earnings multiple of about 104. An Arm and a leg Arm is pricing its initial public offering at $51 per share, the top of its expected price range. Taiwan is 'not for sale' At the All-In Summit, a conference on technology and markets, Elon Musk commented that China probably views Taiwan as "analogous to Hawaii or something like that, like an integral part of China that is arbitrarily not part of China." It drew a swift rebuke from Taiwan's Ministry of Foreign Affairs, which said Taiwan is "not part of the PRC and certainly not for sale!" That contributed to the developers' huge debt today. Chinese developers "were able to borrow liberally from shadow banks," a researcher said, which pushed up land prices and housing costs. The risks of shadow banks in China The difficulties faced by China's real estate sector recently have highlighted, once again, the risks of shadow banking - a term that refers to financial services offered outside the highly regulated banking system. Australia's S&P/ASX 200 added around 0.55% as data showed unemployment rate in the country holding steady at 3.7% in August. ![]() ![]() ![]() Japan's Nikkei 225 climbed 1.47% even as shares of Softbank slipped slightly. Asia-Pacific stocks mostly rose Thursday. markets were mixed Wednesday, with the Dow Jones Industrial Average the only major index to fall. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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