Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.
McDonald’s and other big brands warn that low-income consumers are starting to crack
Higher prices have weighed on customers in an array of industries that interact with consumers.
‘Sell in May and go away’ is a catchy adage, but probably not a good idea
The bottom line: market timing is always a tricky affair. Most of the time, it’s not worth trying to do it.
Worker pay rose more than expected in Q1 in another sign of persistent inflation
The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter.
Stocks making the biggest moves premarket: Eli Lilly, 3M, McDonald’s and more
These are some of the stocks posting the largest moves in premarket trading.
Euro zone inflation steady at 2.4%, keeping June rate cut in play as economy returns to growth
Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.
IMF chief warns of emerging market risk with high U.S. interest rates
The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.
HSBC beats expectations in first quarter earnings; Group CEO Noel Quinn to retire
HSBC has approved a first interim dividend of 10 cents per share, as well as a special dividend of 21 cents per share.
Stocks making the biggest moves after hours: Paramount, NXP Semiconductors, Chegg, F5 and more
These are the stocks posting the largest moves in extended trading.
Stocks making the biggest moves midday: Tesla, Roku, Apple, SoFi, Domino’s and more
These are the stocks posting the largest moves in midday trading.