The US government could hit its debt ceiling in a week. Nvidia’s earnings and outlook blew Wall Street. Problems spoil Ron DeSantis’ 2024 announcement on Twitter Spaces. A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on May 24, 2023. Brendan McDermid | Reuters Here are the … Read more
After two volatile months, regional bank stocks are finally enjoying some respite even as deposit flows remain under pressure. Deposits at U.S. banks totaled $17.1 trillion for the week ending May 10, marking a $57 billion drop from levels the previous week, according to recent data released by the Federal Reserve. This means that the … Read more
UK inflation data paints a picture of the UK economy. Bloomberg/Contributor/Getty Images LONDON — UK inflation fell sharply in April as energy prices retreated and the impact of Russia’s invasion of Ukraine began to fade from the annual comparison of consumer price. Headline CPI inflation stood at 8.7% year-on-year, the Office for National Statistics said … Read more
Construction workers build a Toll Brothers house in Boca Raton, Florida. Joe Raedle | Getty Images Find out which companies are making headlines in extended trading. Palo Alto Networks – Shares gained 3.5% after the company’s fiscal third-quarter earnings and revenue beat estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue … Read more
Former Federal Reserve Chairman Ben Bernanke thinks central bankers still have work to do to get inflation under control. An article by Bernanke and economist Olivier Blanchard notes that inflation has moved on since hitting a 40-year high in the summer of 2022. In a discussion of the paper, economist Jason Furman noted that fiscal … Read more
Yelp Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York City. Michael Nagle | Bloomberg | Getty Images Find out which companies are making headlines in the midday business. Yelp – Shares of the online review firm jumped more than 9% after activist investor … Read more
Cars are parked outside a Dick’s Sporting Goods store in Monroe Marketplace, Pennsylvania. Paul Tisserand | SOPA Pictures | Light flare | Getty Images Check out the companies making headlines before the bell: Yelp – Yelp shares jumped 11.4% in premarket trading. Activist investor TCS Capital Management has confirmed it has acquired a stake of … Read more
Minneapolis Fed Chairman Neel Kashkari on Tuesday reiterated the central bank’s commitment to controlling inflation through monetary policy tightening, and said his biggest fear was that continued pressures on prices are underestimated. Anjali Sundaram | CNBC Minneapolis Federal Reserve Chairman Neel Kashkari said Monday he was ready to hold off on another interest rate hike … Read more
Apple phones on display at an Apple Store on May 04, 2023 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making the biggest leaps in pre-market commerce: Apple – Shares of the iPhone maker fell about 1% premarket after Loop Capital downgraded Apple shares to hold them long. Loop predicts the … Read more
RICHMOND, Va. (WSET) — Governor Glenn Youngkin announced positive news for Virginia’s labor market as the state’s labor force participation rate hit its highest level since June 2014. According to the Bureau of Labor and Statistics Local Area Unemployment Statistics (LAUS ), Virginia’s labor force grew by 21,687 people. individuals to a total of 4,550,748 … Read more
