Core inflation remained more or less unchanged last month, a setback for anyone hoping the Federal Reserve will move quickly to lower interest rates. Cuts are even less likely in the near term because the latest trade negotiations with China should reduce the threat of a U.S. recession this year.
Core inflation,
» Read more about: Core Inflation Held Largely Steady in April. What it Means for Rate Cuts. »
Coinbase rallied 9.2% on confirmation it will join the S&P 500, replacing Discover Financial. The inclusion boosts its profile and could trigger institutional buying. The crypto trading platform has gained traction with traders this year on growing mainstream acceptance of digital assets.
Shares of Sea Limited jumped 14.1% after it posted stronger-than-expected first-quarter adjusted EBITDA of $946.5 million,
» Read more about: Dow Jones and S&P500: UnitedHealth Tanks, Coinbase Soars in Mixed US Indices »
Warren Buffett capped a legendary career recently when he announced that he would be stepping down as CEO of Berkshire Hathaway at the end of the year.
A few factors, including positive developments in America’s trade talks with other countries and positive speculation about TSLA’s upcoming robotaxi business, have helped push Tesla, Inc. (TSLA) stock higher in recent weeks, former Ford (F) CEO Mark Fields told CNBC on Friday.
AMD (NASDAQ: AMD) CEO Lisa Su elaborated on the latest developments for stock market investors.
Where to invest $1,000 right now?
Tesla (TSLA) stock surged higher Friday, pushing shares to their highest level since February as the EV maker notched a third straight week of gains.
General sentiment on trade drove Friday’s gains, with President Trump floating a cut to US tariffs on Chinese imports ahead of this weekend’s negotiations.
Analyst Ben Reitzes and consultant Dan Nathan had a bull-bear debate about Apple Inc. (AAPL) stock on CNBC on May 7.
Reitzes suggested that Apple’s future is bright, while Nathan warned that the tech giant was “massively behind the 8 ball” in terms of technology and suggested that it would be significantly damaged by the problems facing its Services business.
» Read more about: Analyst, Consultant Clash on Apple Inc. (AAPL) Stock »
NEW YORK — U.S. stocks are drifting in mixed trading on Tuesday following a report that showed inflation unexpectedly slowed across the country last month.
The S&P 500 was edging up by 0.1% in early trading, coming off a big gain to start the week after the United States and China announced a 90-day pause in their trade war to allow for negotiations.
» Read more about: Wall Street loses momentum following Monday’s spurt and drifts »
After slipping to Rs 93,080 on May 12 from Rs 96,416 per ten gram (999 purity) on May 9, physical gold prices rose to Rs 94,344 at 6 pm on May 13, as per the India Bullion and Jewellery Association (IBJA).
Odds of an interest-rate cut through July perked up after the April CPI came in cooler than expected.
Traders see a 42.6% chance of at least one quarter-point cut through July, which was up from 38.6% prior to the report, according to the CME FedWatch Tool. Odds of a cut through September were up slightly at 80.7% from 79.5% prior to the report.
