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Kansas City Fed’s Schmid says inflation ‘stubborn’ and ‘sticky,’ policy rate not restrictive

TazaPulseAugust 27, 2026

Kansas City Federal Reserve President Jeffrey Schmid said Thursday that inflation is still too high, though he stopped short of calling for an interest rate hike. Speaking from the central bank’s annual symposium in Jackson Hole, Wyo. that the Kansas City Fed hosts, Schmid said in a CNBC interview that inflation has proven resilient. “It’s...

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After Meta landmark settlement with state AGs, legal headaches remain

TazaPulseAugust 27, 2026

Adam Mosseri, head of Instagram at Meta Platforms Inc., arrives at the Ronald V. Dellums Federal Building & US Courthouse in Oakland, California, US, on Tuesday, Aug. 25, 2026. Jason Henry | Bloomberg | Getty Images Meta’s $16.7 billion settlement in a federal social media addiction case represents a dramatic concession for the social media...

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Nvidia stock rises 7% after blockbuster earnings boost AI confidence

TazaPulseAugust 27, 2026

Nvidia shares rose on Thursday after the chip giant’s revenue guidance reassured investors that AI demand will remain strong. Shares were last up 7.2% in premarket trading. Investor bullishness suggests Nvidia could buck the trend of its stock dropping the day after reporting earnings in all of the previous four quarters, despite meeting or beating...

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Nvidia reportedly agrees to buy Hugging Face for $12.9 billion

TazaPulseAugust 27, 2026

Nvidia has agreed to buy open-source platform Hugging Face for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal. Deal talks began after Hugging Face, an open-source AI platform developers use to collaborate, test and share tools, received acquisition interest from another suitor, according to The Information. Business Insider...

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The toy industry’s latest craze is cheap, colorful and very squishy

TazaPulseAugust 27, 2026

GUILDERLAND, NY – JUNE 11: Mike Richman, owner of the Ta-Da! toy store, squishes a glitter ice cube squishy on Thursday, June 11, 2026, in his shop in Stuyvesant Plaza in Guilderland, NY. (Jim Franco/Albany Times Union via Getty Images) Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty Images Dumplings, ice cubes and gummy...

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Nvidia 70% growth forecast puts it on track to be tech No. 2 company

TazaPulseAugust 27, 2026

Nvidia had already reported results that sailed past estimates by the time CFO Colette Kress came into the earnings call with a stunning forecast for next year. Kress told investors that revenue growth in fiscal 2028 will reach 70%, trouncing the 44% average analyst estimate, according to LSEG. Based on the consensus projection for revenue...

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Republicans are dismissing affordability. That could be a problem in November

TazaPulseAugust 27, 2026

US Vice President JD Vance speaks with reporters after his arrival at Joint Base Andrews in Maryland, on May 28, 2026. Matt Rourke | AFP | Getty Images Voters are worried about the cost of living. Comments from the GOP this week are not likely to console them. President Donald Trump, in a Wednesday interview,...

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Salesforce (CRM) Q2 earnings report 2027

TazaPulseAugust 27, 2026

Marc Benioff, chief executive officer of Salesforce, speaks during the World Economic Forum in Davos, Switzerland, Jan. 18, 2024. Halil Sagirkaya | Anadolu | Getty Images Salesforce shares soared 14% in extended trading on Wednesday after the cloud software vendor reported results and issued guidance that surpassed Wall Street projections. Here’s how the company did...

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SpaceX is ‘attractively valued’ after $100 billion Louisiana spaceport plan, Morgan Stanley says

TazaPulseAugust 26, 2026

Investors aren’t appreciating the full scope of the ambition behind SpaceX’s decision to build a $100 billion spaceport in Louisiana, according to Adam Jonas. The Morgan Stanley analyst reiterated an overweight rating on the stock, with a $300 price target implying more than 70% upside from Tuesday’s close. The rocket maker said it’s building its...

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Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July

TazaPulseAugust 26, 2026

Prices consumers pay for a variety of goods and services rose slightly in July, according to the Federal Reserve’s main inflation gauge. The personal consumption expenditures price index, which the Fed uses as its preferred forecasting tool, increased a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 3.7%, the Commerce Department...