This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribein September, on a monthly and seasonally adjusted basis, reported the U.S. Commerce Department. The 12-month inflation rate was 2.1%. Both numbers were in line with Dow Jones estimates. The core inflation rate, which excludes food and energy prices, came in at 2.7%.
. While the company's cloud division missed revenue expectations, it's growing faster than it had in the same period last year.that may end a seven-week-long strike involving more than 32,000 machinists. The new proposal bumps up wage increases and gives the option of a ratification bonus. Voting is scheduled for Monday, and the union urged its members to approve the contract.
Therein lies the outsized burden on Big Tech. Investors and analysts don't just expect those companies to beat estimates. They also want megacap companies to drive markets, which is contingent more on growth prospects than earnings. In essence, Big Tech, more than any other sector, has to satisfy expectations for both the past and the future at the same time.