Asian Markets Close Higher After Inflation Worries Ease

Benchmark indexes in Asia closed higher following the rise in the U.S. and Europe. Asian markets advanced on the hopes that the cooling of inflation in July in the U.S. may moderate future interest rate hikes.

Global Markets Advance as Inflation Eases In U.S., Germany, China

Global markets advanced with the cooling of consumer prices in the U.S., Germany, and China. Tech powered rally led the S&P 500 and the Nasdaq Composite to three-month highs.

Movers: Coinbase, GoodRx, Nikola, Sweetgreen, Trade Desk, Tesla, Wendy's

Coinbase said assets held and trade volume on the platform plunged. Sweetgreen said it plans to trim staff and operating expenses and take a charge in the next quarter. Tesla chief sells stake, Trade Desk soars on revenue optimism.

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S&P 500 and Nasdaq Soar 2% as Inflation Cools

Stocks on Wall Street surged after consumer inflation eased but stayed near four-decade high. The decline in gasoline prices in the month was wiped out by the rise in food and housing costs.

Inflation Hovered Near 4-decade High Despite Fall In Energy Prices

Consumer prices remained high but the growth moderated after energy prices eased in July. Core index, which excludes food and energy prices, rose on a monthly and annual basis.

Norwegian Cruise Line Guides Slower Recovery In Bookings

Norwegian Cruise said second quarter loss narrowed and cash flow improved in the later part of the quarter but bookings to the 2019 levels are not expected to rebound till the next year.

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U.S. and Europe Market Indexes Fall, Micron Tech Warning Weighs On Tech Stocks

Stocks on Wall Street declined on mixed corporate results and semiconductor chipmakers are facing demand slowdown beyond consumer electronics.

Nasdaq Extends 3-day Losses After Chip Stocks Fall

The Nasdaq Composite index fell for the third day in a row. Semiconductor sector led the decliners on weak demand for memory chips and high-end graphic processors.

U.S. Stocks, Oil, Yields Ease, Record Trade Surplus In China

Benchmark indexes gave up morning gains following three weeks of rise in a row. Crude oil traded volatile after a fire at Cuba's central fuel storage engulfed a third large tank on Monday.

Berkshire Operating Income Surges 37%

Berkshire Hathaway said second quarter operating income rose 37% on the rising insurance-investment income. GAAP-based net income declined on the losses in investment portfolio.

Movers: AMC Ent, Barrick Gold, Berkshire Hathaway, Bed Bath & Beyond, BioNtech, NVIDIA, Palantir

Berkshire Hathaway swung to a quarterly loss on but earnings soared on rising insurance-investment income. Barrick Gold said gold production was stable but copper production rose in the second quarter. Nvidia plunged after missing its revenue outlook.

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Stocks On Wall Street Rest Ahead of Inflation Report

Stocks on Wall Street rested after advancing for three weeks in a row. Tech stocks fell after Nvidia reported a large shortfall in revenues. Investors looked ahead to the inflation report on Wednesday.

Asian Markets Advance, U.S.-China Tensions Simmer

The Nikkei index in Japan closed higher following the advance in Friday's trading in New York. Tech stocks in China fell but indexes in Shanghai advanced . China's exports soared 18% despite the supply chain disruptions.

U.S. and Global Markets Turn Cautious On Rate Hike Worries

U.S. and global market indexes turned cautious after the latest U.S. labor market report. Strong job additions in July showed the labor market strength but also advanced the case for a higher and faster interest rate increases.

Lyft Loss Expands as Active Rider Base Growth Slows

Lyft said second quarter revenues rose but active rider base growth slowed and the loss in the period expanded.

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