Falling energy and food prices offset higher service costs in July, giving the Federal Reserve another softer inflation reading ahead of its September policy meeting.

The HSR waiting period has expired, Rocket Lab filed its S-4 and FCC transfer applications are on file as the company works to finance the roughly $8 billion acquisition.

Richmond Fed President Tom Barkin said it remains an open question whether the Federal Reserve will need to raise interest rates again to return inflation to its 2% goal.

Birkenstock now expects fiscal 2026 revenue to grow 15% in constant currency and adjusted EBITDA to reach at least €710 million after another quarter of strong full-price demand.

Ascendis Pharma’s second-quarter product revenue rose 105% to €315 million as YORVIPATH expanded and newly launched YUVIWEL began contributing U.S. sales.

Figure Technology Solutions posted $225.6 million in second-quarter net revenue, up 113% from a year earlier, while an initial premarket rally faded after the opening bell.

Oil prices retreated Thursday after a 17.4 million-barrel U.S. crude build and fresh IEA and OPEC demand downgrades outweighed continuing supply risks around the Strait of Hormuz.

Initial unemployment claims rose by 9,000 in the week ended Aug. 8, but the four-week average held at 199,000 and continuing claims declined.

Accelerant shareholders will receive $20.25 per share in cash, a 49% premium to the Aug. 12 close, with the deal expected to close in the first half of 2027.

Coach sales rose 15% in Tapestry’s fiscal fourth quarter, but a more measured 2027 revenue outlook and another decline at Kate Spade sent the shares sharply lower.