The rise in youth unemployment (ages 16-24) in 2025 left some strategists worried it was a harbinger of what was to come: Artificial intelligence gobbling up swaths of the job market. The unemployment rate for workers ages 24 and under was 9.5% in April, according to the Federal Reserve Bank of St. Louis, but that figure was 10% or higher for the entire second half of 2025. Husby notes that the rise appears temporary, as it followed fiscal tightening and high economic uncertainty.
News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
By Lewis Krauskopf NEW YORK, May 29 (Reuters) - Investors will turn to an important labor market update next week as they weigh whether simmering inflation and the potential for interest rate hikes
President Trump desperately wants lower interest rates, but his decision to attack Iran could force the Federal Reserve to raise rates.
The new Fed chair intends to shake up the central bank -- but that comes with consequences for Wall Street and the bond market.
Hotter inflation couldn’t stop the S&P 500 and Nasdaq from clocking fresh record closes on Thursday. Plus, a look at consumer spending.

<body><p>STORY: Wall Street's main indexes notched more record closing highs on Thursday, as the Dow ticked up marginally, the S&P 500 added more than half a percent and the Nasdaq climbed nearly one percent.</p><p>Sources told Reuters the U.S. and Iran reached a draft agreement to extend their ceasefire for 60 days and lift restrictions on shipping through the Strait of Hormuz, though President Donald Trump had yet to approve it.</p><p>Meanwhile, economic data on Thursday showed that U.S. inflation in April rose at its fastest pace in three years and first-quarter GDP was revised lower.</p><p>Chris Kampitsis, managing partner at Barnum Financial Group, said the economic overhang is still being offset by an AI trade that just won't quit.</p><p>"The way I've been describing the impact of the geopolitical events and inflation and interest rates to clients is that all of this represents a drag on the market and a drag on the economy. Concurrently, we have some pluses. We have some accelerants in the form of AI technology and exceptional corporate earnings. Right now, the pluses are outweighing the negatives. If we didn't have this overhang, you could only imagine where the market's results might be as it continues to participate in this euphoric run through what is in essence a technological revolution that we're experiencing."</p><p>:: Archive</p><p>Reflecting that AI euphoria, shares of Dell soared more than 16% in extended trading after the company boosted its annual revenue and profit expectations. Dell reported that data center expansion by clients is fueling demand for its AI-optimized servers powered by Nvidia's chips.</p><p>Snowflake shares soared 36% after the data analytics firm lifted its annual product revenue forecast and announced a five-year AI infrastructure deal worth $6 billion with Amazon Web Services. Peers Datadog and MongoDB also climbed.</p><p>Elsewhere in the market, shares of Dollar Tree jumped almost 18% after the discount retailer lifted its full-year profit forecast, while Best Buy rose nearly 16% after the electronics vendor forecast second-quarter sales above estimates.</p><p>On the flip side, shares of Gap tumbled 14% in extended trading after the apparel chain cut its annual sales forecast, signaling pressure from budget-strained Americans pulling back on discretionary spending amid macroeconomic uncertainty.</p></body>
US equity indexes rose as a deal to end the war against Iran was said to be awaiting President Donal
Stocks were struggling to build on their recent records on Thursday after the latest escalation between the U.S. and Iran and the hottest inflation report since 2023. The Dow fell 301 points, or 0.5%. The S&P 500 was down 0.1%.
Wall Street stocks are expected to go into reverse on Thursday as optimism about the ceasefire in the Gulf and a potential US-Iran peace deal became increasingly strained. Futures for the tech-laded Nasdaq were tipped to lead the decline, down 0.5%, while S&P 500 and Dow Jones futures...
Inflation expectations have driven bond yields higher, which could cause the stock market to fall sharply.
It's not just monetary policy that Warsh wants to change.
In spite of the first glimmer of hope in weeks, the bad news continues to pile up for the stock market.
Dissent within the Federal Open Market Committee (FOMC) appears to be far greater than initially believed.
Economic dynamics and the new Fed chair's strong views on monetary policy have Warsh and Trump on a collision course.
The new head of the head is taking the helm at one of the most challenging times in modern history.

<body><p>STORY: U.S. stocks rose on Friday, with the Dow reaching an intraday record high, as investors cheered signs of progress in talks to end the Middle East conflict and a strong corporate earnings season.</p><p>The Dow added six tenths of one percent, the S&P 500 climbed four tenths and the Nasdaq two tenths.</p><p>The U.S. has made some progress toward a deal with Iran, though more work remains, Secretary of State Marco Rubio said on Friday. </p><p>Iran’s foreign ministry spokesman said differences between the two sides remained deep.</p><p>Shana Orczyk Sissel, founder and chief executive officer of Banríon Capital Management say investors should expect more bumps in the road as these talks continue.</p><p>"So in terms of what this means for the market, I think that for as long as we have this uncertainty around how long the tensions and the war will continue, global oil markets will be under pressure, which will continue to lead to higher volatility in the equity and the fixed income markets. And until we have some sort of resolution, I think investors can expect volatility and higher than average inflation.”</p><p>This will become a focus for Kevin Warsh who was sworn in as the new Federal Reserve chair Friday.</p><p>Semiconductor stocks, which have driven recent Wall Street gains, were mostly higher though Nvidia slipped about two percent. </p><p>Shares of U.S. computer makers surged following strong results from China's Lenovo Group with Dell surging nearly 17%.</p><p>:: Workday</p><p>And Workday rose 5% after the human resources software provider exceeded expectations for first-quarter revenue and profit.</p></body>
President Trump and Wall Street want interest rates cut, but inflation has other plans.
Record Q1 revenue, raised 2026 guidance, and the pending SkyWater acquisition give IonQ company-specific markers to watch as federal funding headlines draw attention back to quantum computing.
New federal quantum computing funding plans propelled this quantum specialist higher, today, May 21, 2026.
Something far more sinister looms large and will immediately test the new head of the Federal Reserve.