Thursday, September 13, 2018
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What to watch today
On Thursday, investors will get key inflation data in the morning with the August report on consumer prices set for release at 8:30 a.m. ET. Expectations are for “core” CPI — which strips out the more volatile costs of food and gas — to show an increase of 2.4% over the prior year. This would be in-line with the increase seen in June.
Investors will also get the weekly report on initial jobless claims.
China welcomes US invitation for trade talks: The Trump administration has invited Chinese officials to restart trade talks, the White House’s top economic adviser said on Wednesday, news that gave a lift to Asian stocks, including Chinese shares and the yuan currency. [Reuters]
Apple unveils new iPhones, Apple Watch Series 4: Apple CEO Tim Cook took the stage at the Steve Jobs Theater at Apple’s (AAPL) headquarters on Wednesday to reveal its latest devices. And Yahoo Finance got a first look at them.
Hershey to buy cheese puffs maker Pirate Brands: Hershey Co. (HSY) said it would buy Pirate Brands from B&G Foods Inc (BGS) for $420 million in an all-cash deal, giving the chocolate maker rights to snack brands such as Pirate’s Booty, Smart Puffs and Original Tings. [Reuters]
Takeda to weigh sale of Shire eye drug: Takeda Pharmaceutical Co. is weighing the sale of a Shire Plc eye care business once its $62 billion purchase of the U.K.-listed biotech firm is completed, as it seeks ways to cut the debt raised to fund the deal, people familiar with the matter said. [Bloomberg]
Whole Foods to bring back employee stock option program: A week after some Whole Foods employees called to unionize, the Amazon-owned grocery chain vowed to improve employee benefits and company culture by introducing new programs in the first half of 2019, according to a letter reviewed by Yahoo Finance. [Yahoo Finance]
Yahoo Finance Originals
The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.