Stock Market Coverage – Wednesday August 10 Yahoo Finance

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U.S. stocks rallied at the start of Wednesday’s session as Wall Street breathed a sigh of relief over a lower-than expected inflation reading for July.

The benchmark S&P 500 jumped 1.6%, while the Dow Jones Industrial Average surged 400 points, or about 1.4%. The tech-heavy Nasdaq Composite gained 2%.

July’s CPI report out Wednesday showed prices moderated last month, giving hope to investors that Federal Reserve policymakers may scale back the magnitude of interest rate hikes.

Data from the Bureau of Labor Statistics indicated prices paid by consumers rose 8.5% last month over the year, reflecting a moderation from the prior month’s 40-year high of 9.1%. Consensus economists were expecting last month’s reading to show an 8.7% increase, according to estimates compiled by Bloomberg.

“This is a step in the right direction but keep in mind we have many miles ahead of us before inflation normalizes,” Mike Loewengart, managing director of investment strategy at Morgan Stanley’s E*TRADE said in an emailed note. “One month’s data point does not make a trend, however, so cautious optimism is likely the name of the game.”

A downward trend in gasoline prices over more than 50 consecutive days provided some relief to U.S. consumers last month after record energy costs pushed inflation to the highest reading of the cycle in June, but inflationary pressures remained strong across other components of the report.

Core CPI, which excludes the volatile food and energy components of the report, remained firm, climbing at an annual 5.9%, unchanged from June’s figure.

On the earnings front, shares of Coinbase (COIN) slid 5% in extended trading after the cryptocurrency exchange reported second-quarter earnings Tuesday afternoon that came short of Wall Street estimates and said user growth slowed and is set to fall further the rest of this year.

Roblox (RBLX) also took a hit early Wednesday following a harsh miss on results for the second quarter as consumers scale back on discretionary spending and the gaming industry sees a slowdown in the pandemic-fueled boom. Shares plunged nearly 15% ahead of the open.

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The 2023 Global Healing Festival by Embodied Black Girl Returns, Disrupting Grind Culture and Centering Rest

The free one-day festival featuring today's visionary thought leaders will take place online on June 9, 2023

The Global Healing Festival by Embodied Black Girl returns for its fourth annual festival on June 9, 2023. The festival is the first of its kind and nourishes the healing and liberation of Black women and women of color while enlivening culture change and making wellness, somatics and mental health more accessible to the communities that need it most. 

Every year the free grassroots virtual festival attracts thousands of participants around the world, primarily through word of mouth.  

Curated by the global wellness and leadership education platform, Embodied Black Girl, the day-long online, interactive and immersive festival experience, includes in-depth workshops and thought-provoking conversations with today's leading visionary cultural shapers.

This year's theme, The Future is Embodied: The Rest-volution, is an invitation to enter the dream space and leave grind culture behind. In spite of the grim statistics and policies that impact Black women in particular, we root for a vision of joy, hope and self-determination.

In keeping this festival free through the years, our hope is to make wellness, somatics and mental health more accessible to Black women and folks of color and, in turn, create a world where we are seen, held and empowered. In this space, rest is life and our bodies transform into revolutionary portals and oracles for liberation. 

The festival will be hosted by Embodied Black Girl founder Thérèse Cator, who'll be joined by honored guests: 

  • Tricia Hersey, founder of The Nap Ministry and NYT Bestselling Author of Rest is Resistance 
  • Dr. Jennifer Mullan, founder of Decolonizing Therapy and author of the forthcoming book Decolonizing Therapy: Oppression, Historical Trauma and Politicizing Your Practice (W. W. Norton & Company)
  • Tigidankay "TK" Saccoh, founder of The Darkest Hue, a digital platform that centers the experiences and perspectives of dark-skinned Black girls, women, and femmes 
  • Natalee Facey, Resilience Coach and Birth Doula 

The festival will explore questions like…

  • How does rest support our individual and collective liberation?
  • How can we move beyond a cognitive understanding of rest to an embodied knowing of rest?
  • How can we foster deeper embodiment while having difficult and necessary conversations within our family and communities?
  • What dreams are we here to birth and nurture that will support personal and communal thriving?

For more information and to register to attend, please visit https://embodiedblackgirl.com/ghf-2023/.

Contact Information:
EBG Press
hello@embodiedblackgirl.com


Original Source: The 2023 Global Healing Festival by Embodied Black Girl Returns, Disrupting Grind Culture and Centering Rest

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