Inflation data released by the Labor Department indicated that consumer prices rose in July, mainly due to increased housing-related costs. The Consumer Price Index (CPI) showed a 0.2% increase for the month, resulting in a 2.9% annual inflation rate. Economists had predicted a slightly higher reading of 0.2% and 3%, respectively. Excluding food and energy,
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Research conducted by the University of Pennsylvania challenges previous estimates regarding the development of dementia in individuals diagnosed with Parkinson’s disease. While past studies suggested a high likelihood of dementia within 15-20 years post-Parkinson’s diagnosis, the new research indicates a lower risk than previously thought. The recent study, involving two separate investigations with a total
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The Asia-Pacific markets have shown significant gains on Wednesday, largely influenced by the U.S. producer prices coming in lower than expected for July. The producer price index, which is a key measure of wholesale inflation, only increased by 0.1% last month, falling short of economists’ expectations of a 0.2% gain. This unexpected data has prompted
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Home Depot, much like Wall Street, closely monitors the Federal Reserve’s decisions regarding interest rates. As Chief Financial Officer Richard McPhail highlighted in an interview with CNBC, higher interest rates have caused homeowners to delay moving into new houses or commencing major projects that require financing. The prospect of a potential interest rate cut has
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