Business
Cool Inflation Data Propels Stocks to Fresh Records
Prices on consumer and wholesale goods aren’t rising as much as feared, and that has been good for stock prices.
Two straight days of soft inflation data lifted the S&P 500 index to an all-time high. On Thursday, the Labor Department reported that wholesale prices were unchanged in July, defying predictions from economists who saw them rising. The reading, which followed a mellow consumer-price index print the day before, is resetting expectations about what the Federal Reserve will do next month—and in a positive way.
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The company, led by Cameron and Tyler Winklevoss, said total revenue for the three months ended June 30 increased 37% to $45.5 million from $33.3 million during the same period a year ago. Its net loss decreased 19% year over year to $107.7 million, compared with $133.2 million in the second quarter of 2025. Shares of Gemini fell 6% in after-hours trading.
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Sandisk (SNDK) stock jumped on Thursday after the memory-chip maker gave an upbeat presentation at an analyst meeting in New York City. The company’s rosy outlook drove memory and data storage stocks higher. Speaking at the webcast event, Chief Executive David Goeckeler said Sandisk has “finally gotten to the starting line” for where value creation and earnings power begin for…
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