The Consumer Price Index rose 2.7% in the 12 months through July, according to data published last Tuesday, unchanged from the June rate and less than what economists had expected.
Amid labor market concerns and potential rate cuts, investors are turning to stable sectors like consumer staples, utilities, and real estate. ETFs like XLP, XLU, and VNQ are gaining interest.
The company has reportedly entered a licensing agreement with Pairwise, an agricultural gene editing firm to speed up the development of hardier cocoa crops.
It's a rough start to the new month for Wall Street, as major U.S. stock indices plunged by midday Friday, setting the stage for a negative weekly close.
State Street Investment Management introduces 11 Select Sector SPDR Premium Income ETFs, combining sector exposure with covered-call approach for income.
