Chris Wattie | Reuters The U.S. Federal Reserve's easing cycle will be "mild" by historical standards when it starts cutting rates at its September policy meeting, ratings agency Fitch said in a note. In its global economic outlook report for September, Fitch forecast 25-basis-point cut each at the central...
Wholesale prices rose 0.2% in August, in line with expectations
Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets set to lower interest rates. The producer price index, a measure of final demand goods and services costs that producers receive, increased 0.2% on the month, the Bureau of...
Restaurant chain BurgerFi files for Chapter 11 bankruptcy protection
A BurgerFi location is seen on August 20, 2024 in Arlington, Virginia. Tierney L. Cross | Getty Images BurgerFi filed for Chapter 11 bankruptcy protection on Tuesday, less than a month after it warned investors it had "substantial doubt" about its ability to operate. The company joins the growing...
Using ETFs to capture momentum during the market’s wild swings
September is living up to its reputation as a volatile month, and this creates more challenges to the Big Tech trade. But one low-volatility ETF is still betting big on it. Alliance Bernstein is behind the AB US Low Volatility Equity ETF. According to FactSet, its top three holdings...