|
Chiefs quarterback Patrick Mahomes out for season with torn ACL NBC NewsChiefs QB Patrick Mahomes suffered torn ACL in loss to Chargers NFL.comChargers 16-13 Chiefs (Dec 14, 2025) Game Recap ESPNChiefs' playoff era ends with insult, Mahomes injury USA TodayJay Glazer gives updates on injuries for Patrick Mahomes, Micah Parsons & Davante Adams | NFL on FOX FOX Sports
|
|
Michael Green's tally of the costs of raising a family in the U.S. today is going viral, even if some economists scoff at his math.
|
|
 Fed Chair Jerome Powell said the central bank could raise interest rates again if the economy and labor market don't cool down.
|
|
The stock market's recent rally continued Monday, with the major market indexes closing today at their highest levels since late August.
The gains came ahead of tomorrow morning's release of the August consumer price index (CPI) - the last key piece of economic data for the Federal Reserve to consider ahead of its policy meeting next week. "The U.S. consumer price index, to be released on Tuesday, will likely show that August prices rose at an 8.1% pace over the year, compared to the July print at 8.5%," says Jon Maier, chief investment officer at Global X ETFs. "If this number comes to pass, it will show that inflation is slowing some, albeit from very high levels."
SEE MORE Playing Favorites: 5 Top Stocks for Inflation
However, even with better CPI numbers, the Federal Reserve is likely "to continue on its path for another 75 basis-point hike later this month," Maier adds. "The Fed is in a tough spot because employment reports suggest labor demand and employment growth have not slowed that much due to Fed actions thus far."
Investor sentiment was also boosted by reports of Ukraine's successful counteroffensive against Russian troops in the country's northeastern Kharkiv region. "The start of the trading week was supposed to be all about the August inflation report, but Kyiv's sudden momentum has many hoping that this moment is a turning point with the war against Russia," says Edward Moya, senior market strategist at currency data provider OANDA.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
By the close, the Nasdaq Composite was up 1.3% at 12,266, the S&P 500 Index gained 1.1% to 4,110, and the Dow Jones Industrial Average
|
|
