The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Wall St gains as inflation data boosts rate-pause hopes

News Snapshot:

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights Summary Companies July PCE data in line with expectations Salesforce climbs on revenue forecast raise Indexes up: Dow 0.39%, S&P 0.19%, Nasdaq 0.27% Aug 31 (Reuters) – Wall Street's main indexes rose on Thursday as a keenly awaited report showed inflation was ebbing, fueling hopes the Federal Reserve could pause its monetary tightening, while Salesforce shares climbed on the company's upbeat revenue forecasts. The Commerce Department report showed the personal consumption expenditures (PCE) price index,…

Other China Tech Buzz: