Brazil Annual Inflation Slows Past All Analyst Estimates in July
Official data released Tuesday showed consumer prices rose 5.23% from a year earlier, less than all forecasts in a Bloomberg survey that had a 5.33% median estimate. On the month, inflation reached 0.26%.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
S&P 500 Gains & Losses Today: Amazon Expands Same-Day Food Deliveries, Hitting Kroger, DoorDash
Key Takeaways The S&P 500 added 0.3% on Wednesday, Aug. 13, 2025, posting a record closing high for the second straight day after mellow inflation data raised rate-cut expectations. Amazon said it would expand its same-day food delivery service to additional markets. Shares of grocery store operators and food delivery competitors fell. Paramount Skydance shares soared as analysts anticipated ambitious content and sports rights acquisition plans. Major U.S. equities indexes gained ground Wednesday as consensus solidified around the likelihood of the Federal Reserve lowering interest rates at its next meeting. The growing confidence in rate cuts followed Tuesday's release of soft inflation data, which likely gave policymakers more leeway to loosen monetary policy. The S&P 500 advanced 0.3% to secure an all-time closing high for the second straight session. The Nasdaq also added on to Tuesday's record close with an uptick of 0.1%, while the Dow surged 1% to end just below its closing record established in December. Read Investopedia's full coverage of today's trading here. Paramount Skydance (PSKY) shares skyrocketed 37%, extending gains posted in the prior session and logging the S&P 500's top daily performance. The newly minted media giant, which began trading as a combined entity last week following a prolonged merger process between Skydance Media and the former Paramount Global, grabbed headlines Monday with the announcement of a $7.7 billion, seven-year agreement to acquire the exclusive broadcasting rights for Ultimate Fighting Championship events. Its comparatively small float led commentator Jim Cramer to call it a meme stock today, likely fueling the fire. Shares of fellow entertainment conglomerate Warner Bros. Discovery (WBD) rose 7.4%. The company said it would partner with streaming service Viu to launch a bundling package in Southeast Asia. Growing anticipation that the Federal Reserve will cut interest rates at its September meeting and the potential for additional cuts later this year helped bolster shares of home builders. The housing market has been pressured by elevated mortgage rates, which limit affordability for potential homebuyers, so the prospect of lower borrowing costs represents a positive signal for the residential construction business. PulteGroup (PHM) stock gained 5.4%, while shares of Lennar (LEN) added 5.2%. Shares of electronic circuit board manufacturer Jabil (JBL) declined 4.9%, falling the most of any S&P 500 stock. Wednesday's slide gave back gains posted in the prior trading session, but even after the downtick, Jabil stock has more than doubled in value over the past year, boosted by demand for hardware related to artificial intelligence processes. Amazon (AMZN) announced plans to to offer same-day grocery deliveries, including perishable items, in 2,300 cities and towns in the U.S. by the end of the year, a major jump from the more than 1,000 where the service is currently available. Amazon stock moved 1.4% higher, but shares of grocery and food delivery competitors lost ground. Shares of Kroger (KR), operator of the largest chain of traditional grocery stores in the U.S., slipped 4.4%. DoorDash (DASH) stock lost 3.8%. Oracle (ORCL) shares dropped 3.8% following reports that the database technology firm has cut jobs from its cloud infrastructure division. The staff reductions at Oracle, which aims to compete with Amazon and Microsoft (MSFT) in the enterprise cloud services market, are reportedly part of a strategy to shift more resources toward meeting the growing demand for AI-enabled products. Read the original article on Investopedia
Los Angeles Times
13 minutes ago
- Los Angeles Times
Bitcoin, Ether near record highs as Treasury play keeps growing
Bitcoin and Ether are both trading within a whisker of all-time highs as investors pile into the two largest cryptocurrencies, with a recent wave of demand tilting in favor of the latter. As of late afternoon in New York, Bitcoin traded above $122,000 on Wednesday, leaving it about 1% below its July peak. Ether, meanwhile, has shaken off a prolonged spell of underperformance, and is little more than a hundred dollars shy of its 2021 bull market record. The second-largest token has led a surge that pushed total crypto market capitalization to a record $4.2 trillion, according to data compiled by CoinGecko. The rally in Ether has been fueled by record inflows into funds directly investing in the token and a growing number of so-called Ether-focused treasury firms — public companies modeled after Michael Saylor's Bitcoin accumulation strategy. These entities have collectively absorbed nearly $17 billion worth of Ether, according to data compiled by 180 Life Sciences Corp., which conducts business under the name ETHZilla, has surged more than 200% this week. The biotechnology turned Ethereum treasury company, backed by billionaire Peter Thiel, announced Tuesday that it holds 82,186 Ether tokens. In August, US spot Ether ETFs have attracted more than $1.7 billion in net inflows, while Bitcoin funds saw $436 million in outflows, according to data compiled by Bloomberg. On Tuesday, for the first time since their launch, the nine US spot Ether ETFs posted more trading activity than their dozen Bitcoin counterparts. Open interest in Ether futures across exchanges also climbed to a record $66 billion, Coinglass data show. 'The July passage of the US GENIUS Act, which clears the way for mainstream adoption of stablecoins, is a pivotal change,' Geoff Kendrick, global head of digital assets research at Standard Chartered wrote in a Wednesday report. 'Stablecoins account for 40% of all blockchain fees today, and more than 50% of stablecoins sit on Ethereum. The GENIUS Act should indirectly boost Ethereum's layer one activity as increased stablecoin liquidity leads to more decentralized finance (DeFi) activity, where ETH dominates.' Standard Chartered now sees Ether hitting $7,500 by the end of 2025, up from a previous $4,000 target. 'Bitcoin's push toward a new all-time high is unfolding against a macro backdrop that's turned decisively supportive,' said Sui Chung, CEO of CF Benchmarks. Shukla writes for Bloomberg.
Bloomberg
14 minutes ago
- Bloomberg
ICYMI: Apple's AI Push
Apple Inc. is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots, a lifelike version of Siri, a smart speaker with a display and home-security cameras. A tabletop robot that serves as a virtual companion, targeted for 2027, is the centerpiece of the AI strategy, according to people with knowledge of the matter. The smart speaker with a display, meanwhile, is slated to arrive next year, part of a push into entry-level smart-home products. Mark Gurman, Managing Editor for Global Consumer Tech for Bloomberg News, explains why home security is seen as another big growth opportunity for the tech giant. Mark speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.
