The stock market is already showing signs of reversing. The Nasdaq was down 0.4% after falling further at the open. The S&P 500 was down 0.2%. The Dow was down 190 points, or 0.4%. The May CPI was in line with expectations, but many on Wall Street were fearing an even worse report given the Iran war's impact on energy prices.
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Old Dominion, Saia, and XPO each fell 5% or more after Amazon opened its less-than-truckload service to all U.S. businesses
May jobs data beat expectations, boosting prospects for leisure, healthcare and energy stocks. These sector ETFs and stocks could benefit most.
The stock market’s slide continued on Wednesday after the latest inflation report failed to rouse Wall Street. The Dow fell 340 points, or 0.7%. The yield on the 2-year Treasury note was down to 4.12%.
June 10 (Reuters) - Wall Street's main indexes opened lower on Wednesday, as a selloff in technology stocks continued and renewed tensions between the U.S. and Iran overshadowed a tame May inflation
Treasury yields and the dollar are little changed from Tuesday, as U.S. inflation meets expectations and the war in Iran flares up. The 12-month May CPI accelerates to 4.2% from 3.8% in April. Ex-energy and food, core inflation is a milder 2.
US stocks were set to open lower on Wednesday, but investors gained a little confidence from fresh inflation data ahead of the opening bell, while there were conflicting Middle East messages that pushed oil prices higher. Futures pointed to a weaker start on Wall Street, with the Dow Jones,...
Amazon Broadens Freight Offering Across the United StatesShares of Saia (NASDAQ:SAIA), Old Dominion Freight Line (NASDAQ:ODFL) and FedEx Freight (NYSE:FDXF) came under pressure in premarket trading after Amazon (NASDAQ:AMZN) unveiled a significant expansion of its less-than-truckload (LTL) freight business. Saia and Old Dominion shares fell approximately 7%, while FedEx Freight declined around 6%, as investors assessed the competitive implications of Amazon’s move deeper into the freight transpo
Stock futures were still trading lower after the consumer price index for May matched expectations. The headline CPI rose at a 4.2% annual rate, which was in line with the consensus among economists. The core CPI, which excludes volatile food and energy prices, rose at a 2.9% annual rate, which was also in line with expectations.
Tesla stock was lower early Wednesday after a flare-up in tensions in the Middle East, leaving investors nervous. Shares of the electric-vehicle maker were down 1.5% at $390.91 in premarket trading, while and futures were down 0.8% and 0.7%, respectively. The move came after the U.S. military retaliated after Iran downed an Apache helicopter, threatening a fragile cease-fire.
Here’s the thinking of a federal judge who approved the settlement covering merchants who sued Visa and Mastercard over interchange fees.
Stock futures fell, with the Nasdaq-100 selling off and big Asian names such as SoftBank Group and Samsung Electronics down sharply.
Investors are putting more thought and energy into minimizing taxes and investment fees these days. Today’s U.S. consumer-price index report and Fed Chairman Kevin Warsh’s debut following next week’s rate decision will give investors an important reading on the cost of living and how much of a priority controlling it is in Washington. The Fed’s preferred inflation gauge has been running above its own target for 62 months straight.
U. S. equity futures traded lower on Wednesday as investors assessed renewed military action between the United States and Iran while awaiting a closely watched inflation report and quarterly results from software giant Oracle (NYSE:ORCL).
Investors are counting down to the end of the week when Elon Musk’s SpaceX is expected to start trading in what could be the largest IPO on record. Also, investors are looking ahead to Wednesday's inflation data and Oracle results after the bell.
BTC USD faces major battles today as Iran tensions flare with Trump proportional strikes while hinting at a deal days away. CPI data will also drop today amid energy spikes. The escalation has already triggered over $400 million in liquidations, pressuring BTC USD at the $61,000 level. Then add SpaceX ...
Fed Chair Kevin Warsh sees room to lower interest rates, but President Trump's actions have essentially made rate cuts impossible.
The May inflation report sets the stage for Fed Chair Kevin Warsh and the Federal Open Market Committee (FOMC) to act.
The new Fed chair is caught between the proverbial rock and a hard place.
Century Aluminum (NASDAQ:CENX) used a fireside chat at the Wells Fargo Industrials and Materials Conference to frame its investment case around tight aluminum markets, U.S. and European production exposure, and a planned new smelter in Oklahoma. Timna Tanners, Building Materials and Metals and Mini
(Bloomberg) -- SoftBank Group Corp.’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, people familiar with the matter said, just weeks after the Japanese conglomerate cut its initial target from $10 billion.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Launches Strikes Against Iran After Helicopter Shot DownUS Strikes Iran After Helicopter Downed, Testing Peace TalksStocks Pare Tech-
OpenAI is in negotiations to lease a proposed 10-gigawatt data center campus on federal land in Ohio, in a deal that could include financial backing from Nvidia, The Information reported on Tuesday, citing two people with direct knowledge of the discussions. Reuters could not immediately verify the report.
The week of June 8 handed global markets a sharp reminder of how quickly sentiment can shift. Goldman Sachs removed its 2026 Fed rate cut calls. The Nasdaq fell 5% on the May jobs report. Investors who had been positioned for easing scrambled to recalibrate. The wall of worry that has defined ...
Markets spent most of 2026 waiting for the Federal Reserve to deliver rate cuts that Goldman Sachs had been forecasting for December 2026 and March 2027. On June 6, after the May jobs report landed well above every economist's estimate, Goldman crossed both dates off the calendar entirely. The ...
Asking for a Trend Host Josh Lipton breaks down what investors should be on the lookout for on Wednesday, June 10, including earnings from Oracle (ORCL), Chewy (CHWY), and May's CPI report.
A federal judge on Tuesday tentatively approved a settlement between Visa and Mastercard and a class of merchants, paving the way for potential big changes to credit-card rewards. The agreement would end a 20-year legal battle between the card networks and a group of merchants, who have argued that the fees they are charged for each transaction are too high. Initially reached in November, the settlement would give merchants more flexibility to reject certain credit cards and would mandate lowering swipe fees over multiple years.
Apple (NASDAQ:AAPL), the most vertically integrated company in tech, is turning to Nvidia and Google Cloud to power its most advanced AI workloads. According to CNBC’s MacKenzie Sigalos, Apple software chief Craig Federighi confirmed that the company’s new frontier language model, FM Cloud Pro, will run on Nvidia GPUs hosted in Google Cloud for agentic ... Apple Will Run Advanced AI Model on Nvidia GPUs via Google Cloud, Ditching Private Infrastructure
The much-awaited U.S. job market report is finally out for May, and while the result was stronger than expected, the headline number may not tell the whole story. The economy added 172,000 jobs last month, but the unemployment rate remained steady at 4.3%, according to the Bureau of Labor ...
IBM CEO Arvind Krishna discusses IBM's significant $10 billion investment in quantum computing, a faster form of AI. Krishna also noted a $1 billion federal government commitment to build a chip fabrication facility in Albany, New York, illustrating a strong collaboration between public and private sectors. He speaks with Romaine Bostick & Katie Greifeld on "The Close."