US stock index futures fall after hotter-than-expected PPI data
US STOCK index futures slipped on Thursday after hotter-than-expected producer prices data contrasted with recent tame consumer prices data that had boosted bets of Federal Reserve interest rate cuts this year.
Data from the Labor Department showed the Producer Price Index rose 3.3% on an annual basis in July, compared with a 2.5% gain expected by economists polled by Reuters. On a monthly basis, it was 0.9%, compared with an estimated 0.2% rise.
Excluding volatile food and energy components, core PPI increased 3.7% on an annual basis, compared with an expected 2.9% rise.
A separate report showed the number of Americans filing new applications for unemployment benefits came in at 224,000 for the week ended August 9, compared with estimates of 228,000.
At 08:34 a.m. ET, Dow E-minis were down 171 points, or 0.38%, S&P 500 E-minis were down 27.5 points, or 0.42%, and Nasdaq 100 E-minis were down 113 points, or 0.47%. - Reuters
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
3 hours ago
- The Star
Soccer-Barcelona's Rashford, Garcia registered by LaLiga in time for opener
Soccer Football - FC Barcelona present new player Marcus Rashford - FC Barcelona Club Shop, Barcelona, Spain - July 23, 2025 Barcelona's new signing Marcus Rashford talks during his presentation REUTERS/Albert Gea/File Photo (Reuters) -Barcelona's new forward Marcus Rashford and goalkeeper Joan Garcia have been registered in time to feature in the Spanish champions LaLiga opener at Mallorca on Saturday. Barca announced that Rashford and Garcia are both part of coach Hansi Flick's squad for the trip to Mallorca. Rashford signed last month from Manchester United on loan with an option to buy, while Garcia joined from Espanyol in June. Due to financial fair play complications, the Catalans were scrambling to register players, having spent more on signings and wages than they have generated in revenue for multiple seasons. Player profiles of Rashford and Garcia are now listed on LaLiga's website, although those for Gerard Martin and keeper Wojciech Szczesny are absent, suggesting Barcelona may be staggering registrations if unable to complete them all at once. Barca eased part of their registration woes following internal negotiations involving captain Marc-Andre ter Stegen. The German keeper initially refused to sign a long-term medical leave agreement that would clear 80% of his wages and help the club comply with financial rules. Sidelined for at least three months after surgery, he lost the captaincy before regaining it upon agreeing to the deal. (Reporting by Shifa Jahan in Bengaluru; Editing by Ken Ferris)
The Star
10 hours ago
- The Star
Baldio restaurant in Mexico City champions zero waste and ancient agriculture
At Baldio, the chefs use ingredients sourced with 200km of the restaurant. — Photos: Reuters Nestled in a quiet corner in the trendy Condesa neighbourhood in Mexico City, Mexico sits the vine-strewn restaurant Baldio, or "barren" in English. It has become a draw for its zero-waste kitchen, which means that every scrap of food and leftovers is reused for other purposes. The restaurant, which opened in 2024 and seats 52 people, is routinely packed since it was honoured in June with a Michelin Green Star for its innovative sustainability model. Baldio's owners say it is the first zero-waste restaurant in Mexico City. A crudo dish with leche de tigre (literally tiger's milk, but is actually a marinade made with lime juice, chilli, coriander and onion), and jicama served at Baldio. Baldio offers Mexican food with a gourmet take, such as yellow corn tamal with fermented salsa and pickles, a Mexican sweet corn salad with smoked butter sauce and cured buffalo meat, and grilled sweet onions with grasshoppers and a hibiscus dressing. Pablo Usobiaga, one of Baldio's three co-founders, said the restaurant's name is a rejection of the idea that "control, efficiency and profitability' are the most important aspects of our lives. "It is a way of challenging the status quo of profitability and absolute control,' he said. A serving of 'sashimi de aguachile' at the zero-waste restaurant Baldio in Mexico City. Fish remains are crafted into a fermented fish sauce, fruit peels are fermented into a traditional Mexican fermented beverage, and onion scraps are fermented until they turn into a powder-like seasoning. All of Baldio's ingredients are sourced within 200km of the restaurant in an effort to reduce its carbon footprint. The majority come from an assortment of floating farms that sit atop an interweaving network of canals in southern Mexico City. The floating farms, known as chinampas, were created a thousand years ago when Aztec farmers built fields on lakes so they could grow food year-round. Usobiaga and the restaurant's other co-founders work with local farmers to help preserve centuries-old agricultural practices. Usobiaga's brother, Lucio, started working with farmers in the area 15 years ago to help them preserve centuries-old agricultural practices, such as using special fermentation techniques and organic fertilisers. As part of their weekly routine, Baldio's chefs travel to Xochimilco to meet with local farmers and explore the crops. Flowers are used in negronis, warm infusions and honey-based fermented drinks. The restaurant's menu changes every week, guided by the season and harvest. Lucio said the restaurant requires a creative spirit to constantly adapt to the changing harvest. "What drives us in the end is this excitement about doing things this way," he said. – Reuters
Malaysian Reserve
12 hours ago
- Malaysian Reserve
KINDERCARE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against
NEW YORK and NEW ORLEANS, Aug. 15, 2025 /PRNewswire/ — Kahn Swick & Foti, LLC ('KSF') and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 13, 2025 to file lead plaintiff applications in a securities class action lawsuit against KinderCare Learning Companies, Inc. (NYSE: KLC), if they purchased the Company's shares pursuant and/or traceable to the Company's October 2024 initial public offering (the 'IPO'). This action is pending in the United States District Court for the District of Oregon. What You May Do If you purchased shares of KinderCare as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ( or visit to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 13, 2025. About the Lawsuit KinderCare and certain of its executives and others are charged with failing to disclose material information in its IPO Registration Statement and Prospectus (collectively, the 'Offering Documents'), violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) numerous incidents of child abuse, neglect, and harm had occurred at KinderCare facilities; (ii) the Company did not provide the 'highest quality care possible' at its facilities, and, indeed, in numerous instances had failed to provide even basic care, meet minimum standards in the child care industry, or comply with the laws and regulations governing the care of children; and (iii) as a result, the Company was exposed to a material, undisclosed risk of lawsuits, adverse regulatory action, negative publicity, reputational damage, and business loss. The case is Gollapalli v. KinderCare Learning Companies, Inc., No. 25-cv-01424. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services To learn more about KSF, you may visit Contact:Kahn Swick & Foti, LLCLewis Kahn, Managing Poydras St., Suite 960New Orleans, LA 70163 CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn
