SUMMARY: Wall Street reached new highs as a surprising slowdown in U.S. wholesale inflation and Oracle’s optimistic AI-driven growth forecast boosted market sentiment. The S&P 500 rose 0.3%, hitting records for a second day, while the Dow fell 0.5%, dragged down by Apple. Traders anticipate the Federal Reserve will cut interest rates next week to support the economy without triggering inflation or recession. Oracle’s shares surged 35.9% after projecting cloud AI revenue to jump significantly, while chipmaker TSMC also saw gains. European markets were mixed, and U.S. Treasury yields dropped, reflecting hopes for easing monetary policy amid controlled inflation.

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SUMMARY: In August, U.S. producer prices unexpectedly fell 0.1% from July, signaling a slowdown in wholesale inflation after a 0.7% rise the previous month. Core producer prices, excluding food and energy, also declined 0.1%. Despite tariffs imposed by President Trump, their impact on inflation remains muted as wholesalers and retailers absorb costs amid weak demand and supplier discounts. Some imported goods, like coffee, have risen significantly. The drop in producer prices suggests consumer inflation may rise slightly but remains modest. This trend increases expectations that the Federal Reserve will cut interest rates soon, amid signs of a weakening economy.

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SUMMARY: Cracker Barrel is suspending its restaurant remodels after longtime fans criticized changes to its design and logo. The company remodeled four of its 660 locations, adding brighter lights, lighter paint, and simplified antiques while keeping key elements like fireplaces. CEO Julie Felss Masino, who launched the transformation plan in May 2024 to boost relevance and traffic, said customer feedback showed the modern design didn’t reflect what fans love. Despite initial positive responses, many customers opposed the updates and logo simplification, preferring the chain’s traditional, antique-style decor. Cracker Barrel will continue investing in maintaining its restaurants without major aesthetic changes.

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