Soft inflation data lifted major U.S. stock indexes Tuesday, except for one notable exception: the Dow Jones Industrial Average, the blue-chip index that for many is synonymous with “the stock market.”
The Dow was down about 0.5% in midday trading, while the S&P 500 and the Nasdaq Composite advanced 0.7% and 1.5%,
» Read more about: Why One Stock Sent the Dow Lower on Tuesday Morning »
Investing
The markets are showing little conviction or direction despite signs of cooling inflation.
(Bloomberg/Isabelle Lee and Emily Graffeo) — Coinbase Global Inc., the largest US cryptocurrency exchange, will be added to the S&P 500 Index in the latest milestone for the booming digital-asset industry.
The company will replace Discover Financial Services in the index prior to the start of trading on May 19, S&P Dow Jones Indices said in a press release.
» Read more about: Coinbase to join S&P 500 next week in crypto-market milestone »
Coinbase (COIN) stock surged more than 18% on Tuesday as Wall Street cheered the inclusion of the first and only crypto exchange in the S&P 500 (^GSPC) — a major milestone for the company and an industry once in the crosshairs of regulators.
“Coinbase has gone from being in an intense litigation with the SEC just a few months back (later dropped by the SEC under the Trump regime) to being the latest addition to S&P 500,”
» Read more about: Coinbase inclusion in S&P 500 signals 'dramatic turnaround' for crypto industry »
Investing
Parking $1,000 into Berkshire Hathaway stock can help you diversify and potentially beat the market.
Berkshire Hathaway is a well-oiled machine that should continue to succeed after Warren Buffett retires.
» Read more about: The Single Best Stock To Buy With $1000 Today »
» Read more about: Supermicro Stock Jumps as Raymond James Kicks Off Coverage With Bullish Rating »
For one Canadian lottery player, early retirement plans are now closer to reality after a life-changing win.
Brandon Stewart lives in Windsor, Ont., and works as a transit bus driver. Stewart has been a regular lottery player for the past two years, playing Lotto 6/49 with Encore twice a week. He said he typically buys his tickets online through his OLG.ca account.
» Read more about: Bus driver en route to early retirement after $1-million lottery win »
Chinese Foreign Ministry
The Chinese Foreign Ministry said on Tuesday that China will continue to share artificial intelligence (AI) dividends with fellow developing countries, and promote AI to better serve global development, as it opened the second Workshop on AI Capacity Building in Beijing on Monday, with participants from nearly 40 countries and international organizations.
» Read more about: China to continue to share AI dividends with fellow developing countries: FM »
<!–>
The two leaders signed a strategic economic partnership worth up to $600 billion.
President Donald Trump on Tuesday touted his administration’s economic policies in a speech delivered in Saudi Arabia.
The president is traveling through the Middle East this week in an effort to attract more investment in the U.S.
» Read more about: Trump says US moving past 'days of economic misery' on Middle East trip »
» Read more about: Top Stock Movers Now: Nvidia, UnitedHealth Group, Honda, and More »
