Super Micro (SMCI) Surges Over 3% After Nasdaq-100 Index Inclusion – What’s Next for AI Server Maker?

San Jose, California – Super Micro Computer Inc. saw a surge in its share price during Monday’s premarket trading session following the announcement of its inclusion in the Nasdaq-100 Index. The California-based AI server manufacturer will enter the index before the markets open on July 22, taking the spot previously held by Walgreens Boots Alliance. This move comes as Super Micro’s stock has soared over 200% in the past year, aligning with the overall trend …

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Excessive Heat Watch in D.C. Sparks Concern as Dangerous Heat Index Soars

Washington D.C. residents can expect a significant rise in temperatures on Monday, as an excessive heat watch has been issued. The combination of heat and humidity will make it feel like temperatures are around 100 degrees. While the chance of showers and storms will be higher in areas south and east of the Beltway, overall chances remain relatively low. As humidity levels rise, temperatures are expected to hover around 75 degrees, with a potential for …

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Producer Inflation Surges Past Expectations in US, Dollar Index Reacts

Washington, D.C. – Producer inflation in the United States surged past expectations in June, indicating a stronger pace than anticipated. The latest data released by the US Bureau of Labor Statistics revealed a 2.6% increase in the Producer Price Index (PPI) for final demand annually. This growth exceeded the previous month’s 2.2% rise and surpassed market forecasts that projected a 2.3% increase. Additionally, the core PPI, which excludes volatile food and energy prices, also experienced …

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Producer Price Index Surges in June, Fueling Speculation of Federal Reserve Rate Cut – Is Inflation On the Rise?

Los Angeles, California – The producer price index unexpectedly rose in June, casting uncertainty on when the Federal Reserve will consider cutting interest rates. According to the Labor Department’s Bureau of Labor Statistics, the index saw a 0.2% increase last month, surpassing expectations of a 0.1% rise. The PPI is now up 2.6% over the past year, indicating a potential shift in inflation trends. The PPI serves as a key indicator of the prices that …

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Inflation Data Report Reveals Fed’s Rate Cut Future: June’s Consumer Price Index (CPI)

New York, NY — Investors are eagerly anticipating the release of June’s Consumer Price Index (CPI) on Thursday. This data point is crucial as it will influence the direction of future Federal Reserve interest rate policies. Economists expect the inflation report to show a 3.1% rise in headline inflation, which is a deceleration from the 3.3% increase seen in May. The anticipated decrease in inflation is attributed to another drop in energy prices, putting downward …

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Heat Advisory Today: Brace Yourself for Yet Another Scorching Day with Heat Index Peaking at 110

Washington, DC – A heat advisory has been issued from noon to 8 p.m. today, warning residents of dangerous temperatures and high humidity levels. The forecast calls for hot and extremely humid conditions, with isolated afternoon storms possible, bringing temperatures into the mid- to upper 90s. Despite a decent breeze, the day is expected to be oppressively hot. In the coming days, the weather is expected to remain hot and humid, with the possibility of …

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Heat Advisory: Meteorological Misery Index is Soaring – Stay Safe as Temps Approach 100

Washington D.C. is expected to experience a heat advisory from noon to 8 p.m., with temperatures soaring close to July’s maximum levels of discomfort. The combination of high temperatures and humidity will make outdoor activities challenging, as heat index values could exceed 105. A dying front might bring temporary relief on Friday but is unlikely to significantly lower temperatures. Additionally, late-week storm chances could help alleviate expanding drought conditions, especially to the west of D.C. …

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Europe Markets Open Lower, Stoxx 600 Index Declines – What’s Next for Investors?

London, England – European markets opened lower today as concerns about a potential summer correction loom amidst record-breaking highs in US indices. The Stoxx 600 index started the day on a downward trend, reflecting a sense of caution among investors. In the United States, the S&P 500 and Nasdaq Composite have been on a steady upward trajectory, with the former notching 35 record closing highs so far this year. Despite the bullish market sentiment, many …

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Asia Pacific Index Rises as TSMC Hits Record High; Euro Stumbles on French Financial Concerns

Stocks in Asian equities experienced a boost with the rise of Taiwan Semiconductor Manufacturing Co. driving up the benchmark index in the region. Meanwhile, concerns over France’s financial situation post-election affected the euro negatively. The MSCI Asia Pacific Index saw a 0.4% increase, largely attributed to TSMC reaching a record high following a price target increase by Morgan Stanley. In the US, strong payroll data from Friday supported the case for potential interest rate cuts …

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Severe Storm Alert: Expect 100-Degree Heat Index with Damaging Winds and Severe Thunderstorms on the Horizon!

Washington, D.C. – The region is bracing for sweltering temperatures reaching as high as 100 degrees due to increased heat and humidity following the arrival of a warm front. Clouds and breezes are expected to linger until sunset, with the main threat of severe storms looming for Sunday afternoon and evening. However, there is a possibility of a few severe storms creeping into the area from the northwest late in the evening and into the …

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