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Producer inflation in the US rose at a much stronger pace than expected in July.US Dollar Index stays in positive territory above 98.00.The Producer Price Index (PPI) for final demand in the US rose 3.3% on a yearly basis in July, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 2.4% increase recorded in June and surpassed the market expectation of 2.5% by a wide margin.The annual core PPI rose 3.7% in the same period, up from 2.6% in June. On a monthly basis, the PPI and the core PPI both increased…
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Amanda Coffee is CEO of Coffee Communications and ex-Under Armour, PayPal and eBay. After years at outlets such as Fast Company, Inc. and CNN, Talib Visram now freelances across top publications — chasing stories where business meets social impact, policy, and cultural change. This summer, he added a passion project to the mix: America’s Cup, a Substack exploring the politics, economics, and social undercurrents of the 2026 World Cup in North America. We spoke about what makes a pitch stand out, when brands should weigh in on cultural moments, and why a tweet from Cher once led to an unexpected election…
The Japanese Yen strengthens against the USD for the third consecutive day on Thursday.The divergent BoJ-Fed expectations continue to drive flows towards the lower-yielding JPY.Even the risk-on mood does little to dent the bullish sentiment around the safe-haven JPY.The Japanese Yen (JPY) touches a fresh three-week high against its American counterpart heading into the European session on Thursday and looks to build on a three-day-old uptrend amid hawkish Bank of Japan (BoJ) expectations. In fact, the BoJ revised its inflation forecast in July and left the door open for an imminent interest rate hike by the end of this year.…
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7.30am Wake in the dark before alarm goes off with an inexorable sense of dread that the wheel can’t be spun fast enough to avert disaster, AKA Just another day in the life of an Australian arts freelancer. LOLZ 7.35am Bleary eyes backed up by reading glasses. Scan the news on my phone. Genocide, environmental disaster, flat-out fascism from unhinged world leaders and their milquetoast boosters, all present and incorrect. Timeline cleanse featuring fluffy kittens, film stars, fashion and hunks on Instagram to calm the apocalypse-borne despair. Nailed Wordle in three. The diary of an Australian arts freelancer. Image: Shubham…
Chicago Public School leaders on Wednesday presented a budget proposal, wiping away a $734 million deficit by a combination of mechanisms: cuts to operations and central office, refinancing debt, using $65 million from a reserve fund, counting a philanthropic donation in the budget and expecting $379 million from the city from a TIF surplus.“We have reviewed every line to come up with a plan that is student-centered and equitable,” said CPS Budget Director Mike Sitkowski, noting that the school district did what it could to protect school-level budgets.The most contentious part of the plan is a proposal to make a…
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Bank of America has finally scrapped a controversial rule that critics say had sparked the “debanking” of charities and businesses associated with conservative religious groups, On The Money has learned. BofA CEO Brian Moynihan has, along with JPMorgan Chase CEO Jamie Dimon, come under fire from President Trump for denying him banking services following his first term in 2021. As first reported by The Post, insiders say the banks were under pressure from the Biden administration to snub Trump following the Jan. 6 Capitol riots. The banks’ shunning of Trump and MAGA – which came amid Biden’s politicization of US…
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