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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.
Iran declares new Hormuz route ‘unacceptable and dangerous,’ warns against ships transiting without approval
The stern warning underscores Tehran’s resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization.
Investors still seek a human touch even with AI tools at hand: HSBC
Investors are still turning to the judgment of a professional adviser in their last investment decision, despite using AI tools, a HSBC survey found.
JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test
The announcements followed the release of the Federal Reserve’s annual stress test, which found that all 32 large banks weathered a hypothetical recession.
Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules
The Fed’s annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.
Kalshi CEO says prediction market thinking about IPO, but not for this year
Tarek Mansour said to CNBC’s “Squawk Box” it made sense for the company at the stage to think about a debut on public markets.