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2024-08-13

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Pre-Bell｜PPI Shows U.S. Wholesale Prices Rising Less Than Forecast in July

A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates.The producer price index, which measures selling

Pre-Bell｜PPI Shows U.S. Wholesale Prices Rising Less Than Forecast in July

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Annually, it rose to 2.2%, versus an estimate of a 2.3%.</p><p>Excluding volatile food and energy components, core PPI did not increase month-on-month, compared to an expected 0.2% rise. Annually, the narrower measure of PPI stood at 2.4%, versus an estimated 2.7% advance.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 08:31 a.m. ET, Dow E-minis were up 144 points, or 0.36%, S&amp;P 500 E-minis were up 35 points, or 0.65%, and Nasdaq 100 E-minis were up 170.25 points, or 0.91%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4f429adc2f7b021b9e737424f889f70d\" title=\"\" tg-width=\"454\" tg-height=\"201\"/></p><p><br/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><strong>Starbucks, Chipotle Mexican Grill</strong> — Shares of the coffee chain popped more than 11% in the premarket after the company replaced its chief executive, Laxman Narasimhan, with Chipotle CEO Brian Niccol. Chipotle shares were down about 10%.</p><p style=\"text-align: start;\"><strong>Home Depot</strong> — Shares fell more than 2% in the premarket after the home improvement retailer warned that sales would be weaker than anticipated in the second half of 2024. The company sees full-year comparable sales to fall by 3% to 4%. Earlier this year, Home Depot guided for a roughly 1% decline.</p><p style=\"text-align: start;\"><strong>On Holding</strong> — Shares of the athletic apparel company dropped 6.5% after a second-quarter results that missed Wall Street expectations. The company reported earnings of 0.14 Swiss francs per share, or about $0.16, below the StreetAccount estimate of 0.16 Swiss francs. However, revenue of 567.7 million Swiss francs was better than the 562.1 million expected.</p><p style=\"text-align: start;\"><strong>Tencent Music Entertainment Group</strong> — U.S.-traded shares of the Chinese streaming company fell nearly 7%. The company reported a 1.7% yearly decline in revenue. Monthly active users in the mobile categories also came in below analysts’ forecasts. </p><p style=\"text-align: start;\"><strong>Kodiak Gas Services</strong> — The natural gas services company dipped 2.7% after posting a year-over-year fall in earnings and a top-line miss. Kodiak posted 6 cents earnings per share, down from 30 cents a year ago, according to StreetAccount. Revenue came in at $309.7 million, missing analysts’ estimates of $311.4 million. </p><p style=\"text-align: start;\"><strong>Hormel Foods</strong> — Shares added 2% after Citigroup upgraded the stock to buy from neutral. The firm cited improving retail sales trends and input cost environment, as well as potential upside to its margins in the turkey segment. </p><p style=\"text-align: start;\"><strong>B. Riley Financial</strong> — Shares were down more than 8% after the financial services company filed to delay its 10-Q SEC document for the second quarter. B. Riley dropped more than 51% on Monday after reports that the company faces a Securities and Exchange Commission probe into its risk disclosures.</p><h2 id=\"id_1288056626\">Market News</h2><p><strong>Huawei Readies New Chip To Challenge Nvidia, Surmounting U.S. Sanctions</strong></p><p>China’s Huawei Technologies is close to introducing a new chip for artificial intelligence use, overcoming U.S. sanctions to challenge Nvidia in the Chinese market.</p><p>Chinese internet companies and telecommunications operators have been testing Huawei’s latest processor, called Ascend 910C, in recent weeks, according to people familiar with the matter. Huawei told potential clients that the new chip is comparable to Nvidia’s H100, which was introduced last year and isn’t directly available in China, the people said.</p><p>Huawei’s ability to keep advancing in chips is the latest sign of how the company has managed to break through U.S.-erected obstacles and develop Chinese alternatives to products made by the U.S. and its allies. Aided by billions of dollars in state support, it has become a national champion in areas including AI and a key part of Beijing’s endeavor to “delete” American technologies.</p><p><strong>Singapore&#39;s Sea Tops Profit Estimates on Online Shopping Growth</strong></p><p>Sea Ltd. reported second-quarter earnings that topped analysts’ estimates, after it continued to attract online shoppers in Southeast Asia’s rapidly growing e-commerce market.</p><p>The Singapore-based company swung back into the black with a net income of about $80 million after losses in the preceding three quarters, it said in a statement Tuesday. Analysts estimated $60 million on average. Sales also beat projections, rising 23% to $3.8 billion.</p><p><br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜PPI Shows U.S. Wholesale Prices Rising Less Than Forecast in July</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜PPI Shows U.S. Wholesale Prices Rising Less Than Forecast in July\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-08-13 20:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures extended their gains on Tuesday after a producer prices report showed abating inflation pressures, keeping the Federal Reserve on track to cut interest rates in September.</p><p>Data from the U.S. Labor Department showed the producer price index rose 0.1% on a monthly basis in July, compared to the 0.2% rise expected by economists polled by Reuters. Annually, it rose to 2.2%, versus an estimate of a 2.3%.</p><p>Excluding volatile food and energy components, core PPI did not increase month-on-month, compared to an expected 0.2% rise. Annually, the narrower measure of PPI stood at 2.4%, versus an estimated 2.7% advance.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 08:31 a.m. ET, Dow E-minis were up 144 points, or 0.36%, S&amp;P 500 E-minis were up 35 points, or 0.65%, and Nasdaq 100 E-minis were up 170.25 points, or 0.91%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4f429adc2f7b021b9e737424f889f70d\" title=\"\" tg-width=\"454\" tg-height=\"201\"/></p><p><br/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><strong>Starbucks, Chipotle Mexican Grill</strong> — Shares of the coffee chain popped more than 11% in the premarket after the company replaced its chief executive, Laxman Narasimhan, with Chipotle CEO Brian Niccol. Chipotle shares were down about 10%.</p><p style=\"text-align: start;\"><strong>Home Depot</strong> — Shares fell more than 2% in the premarket after the home improvement retailer warned that sales would be weaker than anticipated in the second half of 2024. The company sees full-year comparable sales to fall by 3% to 4%. Earlier this year, Home Depot guided for a roughly 1% decline.</p><p style=\"text-align: start;\"><strong>On Holding</strong> — Shares of the athletic apparel company dropped 6.5% after a second-quarter results that missed Wall Street expectations. The company reported earnings of 0.14 Swiss francs per share, or about $0.16, below the StreetAccount estimate of 0.16 Swiss francs. However, revenue of 567.7 million Swiss francs was better than the 562.1 million expected.</p><p style=\"text-align: start;\"><strong>Tencent Music Entertainment Group</strong> — U.S.-traded shares of the Chinese streaming company fell nearly 7%. The company reported a 1.7% yearly decline in revenue. Monthly active users in the mobile categories also came in below analysts’ forecasts. </p><p style=\"text-align: start;\"><strong>Kodiak Gas Services</strong> — The natural gas services company dipped 2.7% after posting a year-over-year fall in earnings and a top-line miss. Kodiak posted 6 cents earnings per share, down from 30 cents a year ago, according to StreetAccount. Revenue came in at $309.7 million, missing analysts’ estimates of $311.4 million. </p><p style=\"text-align: start;\"><strong>Hormel Foods</strong> — Shares added 2% after Citigroup upgraded the stock to buy from neutral. The firm cited improving retail sales trends and input cost environment, as well as potential upside to its margins in the turkey segment. </p><p style=\"text-align: start;\"><strong>B. Riley Financial</strong> — Shares were down more than 8% after the financial services company filed to delay its 10-Q SEC document for the second quarter. B. Riley dropped more than 51% on Monday after reports that the company faces a Securities and Exchange Commission probe into its risk disclosures.</p><h2 id=\"id_1288056626\">Market News</h2><p><strong>Huawei Readies New Chip To Challenge Nvidia, Surmounting U.S. Sanctions</strong></p><p>China’s Huawei Technologies is close to introducing a new chip for artificial intelligence use, overcoming U.S. sanctions to challenge Nvidia in the Chinese market.</p><p>Chinese internet companies and telecommunications operators have been testing Huawei’s latest processor, called Ascend 910C, in recent weeks, according to people familiar with the matter. Huawei told potential clients that the new chip is comparable to Nvidia’s H100, which was introduced last year and isn’t directly available in China, the people said.</p><p>Huawei’s ability to keep advancing in chips is the latest sign of how the company has managed to break through U.S.-erected obstacles and develop Chinese alternatives to products made by the U.S. and its allies. Aided by billions of dollars in state support, it has become a national champion in areas including AI and a key part of Beijing’s endeavor to “delete” American technologies.</p><p><strong>Singapore&#39;s Sea Tops Profit Estimates on Online Shopping Growth</strong></p><p>Sea Ltd. reported second-quarter earnings that topped analysts’ estimates, after it continued to attract online shoppers in Southeast Asia’s rapidly growing e-commerce market.</p><p>The Singapore-based company swung back into the black with a net income of about $80 million after losses in the preceding three quarters, it said in a statement Tuesday. Analysts estimated $60 million on average. Sales also beat projections, rising 23% to $3.8 billion.</p><p><br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132899775","content_text":"U.S. stock index futures extended their gains on Tuesday after a producer prices report showed abating inflation pressures, keeping the Federal Reserve on track to cut interest rates in September.Data from the U.S. Labor Department showed the producer price index rose 0.1% on a monthly basis in July, compared to the 0.2% rise expected by economists polled by Reuters. Annually, it rose to 2.2%, versus an estimate of a 2.3%.Excluding volatile food and energy components, core PPI did not increase month-on-month, compared to an expected 0.2% rise. Annually, the narrower measure of PPI stood at 2.4%, versus an estimated 2.7% advance.Market SnapshotAt 08:31 a.m. ET, Dow E-minis were up 144 points, or 0.36%, S&P 500 E-minis were up 35 points, or 0.65%, and Nasdaq 100 E-minis were up 170.25 points, or 0.91%.Pre-Market MoversStarbucks, Chipotle Mexican Grill — Shares of the coffee chain popped more than 11% in the premarket after the company replaced its chief executive, Laxman Narasimhan, with Chipotle CEO Brian Niccol. Chipotle shares were down about 10%.Home Depot — Shares fell more than 2% in the premarket after the home improvement retailer warned that sales would be weaker than anticipated in the second half of 2024. The company sees full-year comparable sales to fall by 3% to 4%. Earlier this year, Home Depot guided for a roughly 1% decline.On Holding — Shares of the athletic apparel company dropped 6.5% after a second-quarter results that missed Wall Street expectations. The company reported earnings of 0.14 Swiss francs per share, or about $0.16, below the StreetAccount estimate of 0.16 Swiss francs. However, revenue of 567.7 million Swiss francs was better than the 562.1 million expected.Tencent Music Entertainment Group — U.S.-traded shares of the Chinese streaming company fell nearly 7%. The company reported a 1.7% yearly decline in revenue. Monthly active users in the mobile categories also came in below analysts’ forecasts. Kodiak Gas Services — The natural gas services company dipped 2.7% after posting a year-over-year fall in earnings and a top-line miss. Kodiak posted 6 cents earnings per share, down from 30 cents a year ago, according to StreetAccount. Revenue came in at $309.7 million, missing analysts’ estimates of $311.4 million. Hormel Foods — Shares added 2% after Citigroup upgraded the stock to buy from neutral. The firm cited improving retail sales trends and input cost environment, as well as potential upside to its margins in the turkey segment. B. Riley Financial — Shares were down more than 8% after the financial services company filed to delay its 10-Q SEC document for the second quarter. B. Riley dropped more than 51% on Monday after reports that the company faces a Securities and Exchange Commission probe into its risk disclosures.Market NewsHuawei Readies New Chip To Challenge Nvidia, Surmounting U.S. SanctionsChina’s Huawei Technologies is close to introducing a new chip for artificial intelligence use, overcoming U.S. sanctions to challenge Nvidia in the Chinese market.Chinese internet companies and telecommunications operators have been testing Huawei’s latest processor, called Ascend 910C, in recent weeks, according to people familiar with the matter. Huawei told potential clients that the new chip is comparable to Nvidia’s H100, which was introduced last year and isn’t directly available in China, the people said.Huawei’s ability to keep advancing in chips is the latest sign of how the company has managed to break through U.S.-erected obstacles and develop Chinese alternatives to products made by the U.S. and its allies. Aided by billions of dollars in state support, it has become a national champion in areas including AI and a key part of Beijing’s endeavor to “delete” American technologies.Singapore's Sea Tops Profit Estimates on Online Shopping GrowthSea Ltd. reported second-quarter earnings that topped analysts’ estimates, after it continued to attract online shoppers in Southeast Asia’s rapidly growing e-commerce market.The Singapore-based company swung back into the black with a net income of about $80 million after losses in the preceding three quarters, it said in a statement Tuesday. Analysts estimated $60 million on average. Sales also beat projections, rising 23% to $3.8 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":301,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":30,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}