NEW YORK, Sept 10 — Wall Street stocks were mixed early today as the market digested more data showing elevated inflation and sought to shake off a series of lacklustre sessions.
Major indices are down for the week so far as investors grapple with worries over the Delta variant of Covid-19, uncertainty over Federal Reserve policy and supply chain woes. US wholesale prices posted another record increase in August in the latest sign that increased demand coupled with supply and labour shortages were fuelling US inflation.
The producer price index jumped 8.3 per cent from August 2020, not seasonally adjusted, the biggest increase since the data was first collected in November 2010, according to the Labour Department report.The broad-based S&P 500 edged up less than 0.1 per cent to 4,494.30, while the tech-rich Nasdaq composite Index advanced 0.3 per cent to 15,296.82.
Among individual companies, Take-Two Interactive Software fell 3.0 per cent as it pushed back new versions of its Grand Theft Auto game to March 2022 from November 2021 “to allow additional time to further polish the final products.” — AFP
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British qualifier Raducanu makes history by reaching US Open semis | Malay MailNEW YORK, Sept 9 — British teenager Emma Raducanu produced yet another electrifying performance to become the first qualifier to reach the US Open semi-finals on Wednesday, defeating Olympic champion Belinda Bencic 6-3 6-4 on Arthur Ashe Stadium. Down an early break, the 150th-ranked Briton...
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Ringgit rises on US dollar weakness | Malay MailKUALA LUMPUR, Sept 10 — The ringgit strengthened past the 4.1400 level against the US dollar at the close today as the greenback continued to fall. Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index was seen declining to 92.371 despite better-than-expected US...
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Covid-19: 341 new fatalities recorded in Malaysia with 102 brought-in-dead | Malay MailKUALA LUMPUR, Sept 10 — The Ministry of Health recorded 341 new fatalities in the last 24 hours including 102 brought-in-dead (BID) cases, according to its director-general Tan Sri Dr Noor Hisham Abdullah. In a statement today, the fatalities included 300 nationals and 41 non-nationals, with 102...
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Ahead of 9/11, MI5 chief warns of new terror threats | Malay MailLONDON, Sept 10 — The Taliban’s takeover of Afghanistan has “emboldened” extremists, the head of Britain’s domestic intelligence MI5 said today, warning of the likelihood of new atrocities. Speaking ahead of the 20th anniversary of 9/11, Ken McCallum said MI5 had disrupted six...
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Twitter announces launch of two new tests on its platform | Malay MailSAN FRANCISCO, Sept 10 ― Changes are afoot at Twitter! The social network has announced the launch of two new tests on the platform. One lets users remove a follower more easily, while the other could give Twitter a more Instagram-like appearance. Let's take a look at what might soon be in store...
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