September 12, 2023

Markets Now

This week's US inflation data is very important. Here's why

Markets hate uncertainty, and there’s a lot of it this fall: The United Auto Workers union may strike on Friday, the federal government is heading toward another potential shutdown in October, geopolitical tensions with China remain heightened and oil prices could stay elevated through December. There’s also the looming question about whether the Federal Reserve will hike interest rates again.  
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BP CEO resigns after probe reveals undisclosed relationships with colleagues

BP CEO Bernard Looney has resigned after admitting that he had not been “fully transparent” about “historical relationships with colleagues,” according to a statement from the oil giant on Tuesday.  
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McDonald's is getting rid of self-serve soda machines

McDonald’s is getting rid of one of its biggest perks.  
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Coke's latest mystery flavor is here. It's created by AI

For about a year and a half, Coca-Cola has experimented with limited-edition beverages that have mystery tastes — most of them with vague, futuristic concepts and undisclosed flavors.  
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How 500 votes made Shawn Fain one of America's most important people

Shawn Fain is one of the most important people in the US economy today. A year ago, almost no one knew who he was.  
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Inflation woes persist for small businesses as they struggle to hire

America’s small businesses felt gloomier in August as they continued to struggle with inflation and hiring qualified workers, according to a survey from the National Federation of Independent Business released Tuesday.  
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Source: CNN Business

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