After a flat July, US consumer prices increased by 0.1% in August, defying forecasts for a decline. The benchmark inflation indicator, the consumer price index, went up 0.2% from July to August. Mixed results were obtained from the US central bank’s attempts to reduce inflation without drastic rate increases. Investors are now being cautioned by analysts to get ready for impulsive rate increases that could start a recession. In the midst of this instability, the dollar is also suffering.
Insider Monkey highlights the 10 long-term stocks to buy during recessions. The Pancreatic Cancer Network has chosen Verastem, Inc. as the recipient of the first Therapeutic Accelerator Award, worth $3.8 million. Leading therapeutic candidates including VS-6766 and defactinib would receive support from the award for a phase 1b/2 trial. Online markets with a two-sided structure are run by Etsy, Inc. The business reported $0.51 in earnings per share on July 27 for the second quarter of 2022. Over 10% more money was made throughout the timeframe, $585 million, than during the same time the previous year. Electric electricity is produced, transmitted, distributed, and sold by NextEra Energy, Inc. For the past 32 years, it has routinely paid a dividend to stockholders. In addition, these benefits have continued to increase over the past 26 years. According to data released by Costco Wholesale Corporation, comparable sales growth in August increased by more than 10%. The company also disclosed that comparable e-commerce sales increased by 8.7% while comparable sales increased by 3.9% after eliminating the effects of gas costs and foreign exchange. Digital financial services, e-commerce, and entertainment are all activities of Sea Limited. The Saudi royal wealth fund acquired a sizable share in the business in the middle of May. Even though video game sales, one of the company’s largest sources of income, continued to decline, the acquisition took place. For more details, click the 10 Long-Term Stocks To Buy During Recessions.