
US Inflation Rises to 3.7% as Fed Rate-Hike Bets Persist
Wholesale prices jumped 1.3% in September, and traders now see a December Fed hike as likelier than October.
Daily Digest
Daily Digest
Pomegra Briefs - Page 8 of 52
Short, sourced summaries of the biggest market stories - what happened, why it matters, the key numbers, and what to watch next

Wholesale prices jumped 1.3% in September, and traders now see a December Fed hike as likelier than October.
Semiconductor index (SOX) lost $1.64T in six sessions as China's CXMT and Broadcom's CEO rattled AI investors.
Fox Factory (FOXF) ended at $16.04 as 2026 sales guidance fell to $1.35B–$1.38B and its CEO left.

Brent crude (BZ=F) hit its highest close since May as Iran pushed a US deal that traders rate 4% likely.

Forecast 4.4% growth falls short of Beijing's 4.5%–5% target as weak spending offsets booming exports.
Meta (META) reports Wednesday with Wells Fargo at a $1,000 target, while Tesla (TSLA) reports the same day.
Travelers (TRV) beat on core EPS of $9.18, but $538M of catastrophe losses sparked an early drop.

Nasdaq (^IXIC) lost 4.5% this week and the S&P 500 fell 1.9%, as AI debt worries and oil near $110 weighed.

Brent crude (BZ=F) touched $110, a first since May, as attacks on ships and Saudi sites stoked supply fears.

Nasdaq (^IXIC) slid about 2% Friday after a flat open, with the S&P 500 off 1.2% on AI borrowing worries.

Marsh McLennan (MRSH) topped sales forecasts at $6.86B, and BNY Mellon (BNY) gained 3.2% on a profit beat.
Trump says the US is in denuclearization talks with Russia and China, which holds about 620 warheads.
Tesla (TSLA) is still down 19% in 2026, but Musk's 'Tesla x SpaceX' post fueled merger talk.

Brent crude (BZ=F) edged 0.13% lower as Ukraine hit Rosneft's Ryazan plant, about 5% of Russian refining
The Kospi (^KS11) closed at 5,668 and Japan's Nikkei rose 1.4% as traders cut bets on an October Fed hike.
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