Inflation in the U.S. rose sharply in March, reaching the highest level since May 2024, with the Consumer Price Index (CPI) increasing 3.3% year-over-year, up from 2.4% in February. Core inflation, which excludes food and energy, also edged up to 2.6%. The surge was largely driven by a 21.2% monthly jump in gasoline prices, reflecting disruptions in energy supply due to geopolitical tensions in the Middle East, specifically Iran's blockade of the Strait of Hormuz. This inflation spike poses challenges for the Federal Reserve's plans to cut interest rates, as rising energy costs feed through the economy. The situation is evolving and may impact future economic policies.
Shirofune has introduced Walmart Connect, an integration that allows advertisers and agencies to manage Walmart retail media campaigns alongside other digital channels within a single platform. This automation reduces manual bid adjustments and repor...
Purecore Metals Inc. has signed a non-binding letter of intent with Skyharbour Resources to acquire an option to earn up to 100% interest in the Yurchison uranium property in Saskatchewan's Athabasca Basin. The property covers over 35,000 hectares an...
Point completed a $508.6 million rated asset-backed securitization of its Home Equity Investment (HEI) assets, marking the largest transaction ever in the HEI asset class. The deal attracted over 30 institutional investors and priced at significantly...
The global reactive hot melt adhesives market is projected to grow from $2.02 billion in 2025 to $4.29 billion by 2035, at a CAGR of 7.72%. Growth is driven by regulations limiting solvent-based adhesives, increased use of polyurethane adhesives in a...
Industrial Development Funding (IDF) and Oaktree have committed $1.7 billion to support Bloom Energy's fuel cell technology for building AI cloud infrastructure for Nebius. This project will provide dedicated behind-the-meter power to meet the high c...
