Japan's producer price index (PPI) increased by 7.2% year-on-year in July, slightly below economists' expectations of 7.4% and down from June's revised 7.3%. The rise was mainly driven by higher electricity prices, which added 0.23 percentage points to the monthly increase, while energy and chemical prices declined. Despite elevated producer prices, consumer inflation remains relatively low, with headline inflation at 1.9% and core inflation at 1.6% in June, partly due to government subsidies shielding consumers from rising energy costs. The Bank of Japan has noted inflation risks from rising oil prices, with some members advocating for faster interest rate hikes to control inflation.
Ethereum's next major upgrade, Glamsterdam, is scheduled to activate on the Sepolia test network on September 28, 2026, at 14:44:48 UTC, according to developer meeting minutes. This date is provisional and applies only to the test network, with no co...
NuScale Power has received a speculative Buy rating with a target price of $9.44, focusing on a five-year horizon tied to key commercialization milestones. The Tennessee Valley Authority (TVA) remains the primary catalyst for growth, as securing a de...
Despite a down week in stocks and bonds, the S&P 500 remains within 2% of its all-time high, supported by active dip buyers. Commodities like gold, silver, and crude oil show strong performance as investors shift away from financial assets. Healthcar...
Justin Sun, founder of Tron, is publicly warning investors about risks related to World Liberty Financial (WLF) and its stablecoin USD1. Sun alleges WLF secretly embedded a backdoor in the WLFI token contract allowing them to freeze or destroy tokens...
Flipkart Minutes, launched in August 2024, has rapidly grown to deliver about 1.1 to 1.2 million orders daily, closing in on Swiggy Instamart's 1.4 million orders. Flipkart expanded its micro-fulfillment centers from 340 to over 1,000 in a year, impr...
