The pause follows a container ship being struck near the coast of Oman on Thursday, with a U.S. official saying that Iran was responsible for the attack.
Category: Finance News
Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
Bond ETF flows surge in hunt for yield: ‘Market sniffing out something here,’ says BlackRock exec
Bond investors are abandoning aggregate benchmarks in favor of a broad mix of fixed-income investments to maximize yield with the stock market on edge.
Stocks making the biggest moves midday: BlackBerry, Kymera Therapeutics, Apple, Wendy’s & more
These are the stocks posting the largest moves midday.
Luxury spending now driven by experiences and ‘inheritourism’
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
JPMorgan names Doug Petno and Troy Rohrbaugh co-presidents as longtime exec Marianne Lake exits
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Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
Wendy’s shares soar for a second day as retail investors pile into their new meme darling
The stock’s advance appeared largely disconnected from company fundamentals and instead reflected a burst of social-media enthusiasm.
Stocks making the biggest moves premarket: Micron, Qualcomm, IBM, Wendy’s & more
These are the stocks posting the largest moves in the premarket.
Trump pledges rapid U.S. response for Venezuela after historic earthquakes kill dozens
The swift U.S. offer of assistance reflects a degree of diplomatic realignment between the Trump administration and the Venezuelan interim government.