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Consumer prices (CPI index) in the US rose by 8.6% in May compared to the same month last year, according to data from the Department of Labor. This is the highest growth rate since December 1981. Thus, inflation has accelerated compared to 8.3% in April. Analysts polled by Bloomberg had expected consumer prices to rise […]

Amazon.com Inc. AMZN, -5.60% announced the launch of Virtual Try-On for Shoes during Thursday premarket hours. The service will allow shoppers to use augmented reality (AR) to see how a shoe will look from different angles. For those using iOS in the U.S. and Canada, the service will be available for a variety of sneaker […]

Nautilus Inc. NLS, -7.26% is recalling about 7,300 treadmills, as they can start on their own, posing a fall hazard. Shares of the exercise equipment maker fell 1.3% in morning trading. The T616 and T618 treadmills being recalled was made in China and sold at Best Buy Co. Inc. BBY, -3.11%, Walmart Inc. WMT, +0.56% […]

Shares of NXP Semiconductor NV NXPI, -3.07% are up 8.7% in Thursday morning trading on heavy volume. The stock is on track for its largest single-day percentage gain since it rose 9.0% on March 15, 2021. Within the first hour of trading, NXP saw volume of more than 3.3 million shares, already above its average […]

The U.S. listed-shares of Ericsson ERIC, -5.88% slid 0.9% in afternoon trading Thursday, after the Sweden-based telecommunications equipment company said the regulatory investigation into its conduct in Iraq now includes the U.S. Securities and Exchange Commission. The company had previously disclosed that the U.S. Department of Justice was investigating its conduct in Iraq during the […]

Gold futures slipped on Thursday to end lower, after the European Central Bank outlined plans to raise interest rates in the region for the first time since 2011, in a bid to tame soaring European inflation. Gold for August delivery GCQ22, -0.02% GC00, -0.02% shed 0.2%, or $3.70, to settle at $1,852.80 an ounce on […]