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Financial News Around the World

Wholesale prices unexpectedly fell 0.2% in May

The producer price index was expected to show a 0.1% increase in May, according to economists surveyed by Dow Jones.

Published 13 June 2024
Categorised as Finance News

Treasury Secretary Yellen says U.S. debt load is in ‘reasonable place’ if it remains at this level

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Published 13 June 2024
Categorised as Finance News

Stocks making the biggest moves before the bell: Tesla, Broadcom, Dave & Buster’s and more

These are the stocks posting the largest moves in premarket trading.

Published 13 June 2024
Categorised as Finance News

Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say

“Investors are now in the AI mindset,” the CEO of Nium told CNBC. “Like, whatever it costs. I want in on AI. They’re going to burn a lot of money.”

Published 13 June 2024
Categorised as Finance News

Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties

Foundation was started in April by Synapse CEO Sankaet Pathak, Tribe Capital CEO Arjun Sethi, and LeBlanc, cofounder of Cobalt Robotics.

Published 12 June 2024
Categorised as Finance News

GameStop tanks with huge volume in the call options owned by ‘Roaring Kitty’

The sell-off in GameStop shares intensified in afternoon trading, coinciding with a spike in trading volume in the call options that “Roaring Kitty” owned.

Published 12 June 2024
Categorised as Finance News

Fed holds rates steady, indicates only one cut coming this year

The Federal Reserve on Wednesday released its decision on interest rates following this week’s policy meeting.

Published 12 June 2024
Categorised as Finance News

Here’s the Fed’s new rate forecast that’s moving the markets

The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March forecast that called for three reductions.

Published 12 June 2024
Categorised as Finance News

Here’s what changed in the new Fed statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting.

Published 12 June 2024
Categorised as Finance News

Stocks making the biggest moves midday: Oracle, Apple, Rentokil Initial and more

These are some of the stocks posting the largest moves in midday trading.

Published 12 June 2024
Categorised as Finance News

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