Inflation Was 3.4% in July, Down Slightly From the Previous Month

The inflation rate cooled to 3.4% in July, the Labor Department said Wednesday.

U.S. Stocks Mixed After Inflation Data

U.S. stocks were mixed as deadlock in the Middle East offset relatively benign consumer-inflation data and an artificial-intelligence earnings bonanza.

OPEC Cuts Oil-Demand Forecast Again as Hormuz Talks Stall