The U.S. Consumer Price Index (CPI) for August is a significant data release that will impact the Federal Reserve’s decision on interest rates. Investors are waiting for this report, causing stocks to decline in Europe, Asia, and the U.S. Tech stocks, such as Oracle and Apple, saw drops in their stock prices. Alphabet Inc, the parent company of Google, also saw a decline as an antitrust trial against Google began. In another news, Hollywood celebrities and Canadian filmmakers are calling on the Toronto International Film Festival to end its sponsorship ties with the Royal Bank of Canada due to the bank’s investments in the oil and gas industry. Mark Ruffalo, Rachel McAdams, Joaquin Phoenix, and other influential figures have signed an open letter urging the festival to take action. The Royal Bank of Canada has responded, stating that they are open to discussing these issues with Indigenous groups and the film community.
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