Core Inflation Held Largely Steady in April. What it Means for Rate Cuts.
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,
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Read MoreDow Jones and S&P500: UnitedHealth Tanks, Coinbase Soars in Mixed US Indices
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.
Sea Limited Impresses Despite Revenue Miss
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 »
Read MoreThese 4 Warren Buffett Stocks Make Up Over 57% of Berkshire Hathaway's $277 Billion Portfolio
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.
Positive Trade Developments, Robotaxis Have Helped Drive Tesla, Inc. (TSLA) Stock Higher, Former CEO Says
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.
Supermicro Stock Jumps as Raymond James Kicks Off Coverage With Bullish Rating
Key Takeaways
- Supermicro shares surged Tuesday after Raymond James initiated coverage of the company with a bullish rating.
- The AI server maker has “emerged as a market leader,” the analysts said.
- Even with Tuesday’s gains, Supermicro shares are worth half of what they were a year ago.
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Read MoreThe Burst
Cyber Woes Crushed This Stock But Growth Story Still Intact
HealthEquity (NASDAQ:HQY) is a fintech company that acts as an administrator of health savings accounts. It’s the largest HSA custodian in the United States and has seen its stock price move rapidly upward over the last five years as these plans became more popular.
That run, however, has abruptly reversed in recent weeks.
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Read MoreThe Ivy
Uber’s Stock Is Down But Business Is Booming, Why It Might Be a Buy
Uber (NYSE: UBER) has had its fair share of ups and downs lately. After peaking last October, the stock took a hit on the heels of Tesla’s flashy Cybercab announcement, a move that spooked investors and led to a sustained selloff into year-end.
While the stock has been slowly clawing its way back,
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Read MoreThe Spotlight
This $1 Billion Surprise Just Changed Everything for GEO Stock
While earnings appeared mixed at first glance, management’s comments on the most recent earnings call were sufficient to ignite a sharp rally in GEO shares.
Prior to the earnings call, GEO stock had been in a sustained downtrend with little cushion on the horizon ready to halt the decline but that all changed when management revealed a new,
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