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Asian shares were mixed and oil was trading below $80 a barrel on Wednesday as markets watched for details on the interim agreement between the U.S. and Iran to end the war. U.S. futures edged higher ahead of the Federal Reserve’s policy decision announcement and after Wall Street closed mixed near their record highs.
(Bloomberg) -- European Central Bank officials are signaling that a US-Iran peace accord won’t necessarily stop them lifting interest rates further, even if it prevents a more pronounced overshoot in inflation.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealStudios in Microsoft’s Xbox Division B
Nike (NKE) is entering the World Cup with one of the biggest marketing opportunities in sports. The brand has new football boots, new federation shirts, a global campaign, and thousands of revamped store displays tailored around sport’s biggest stage. That should be a great situation for a brand ...
Microsoft has reportedly abandoned talks with Oracle to lease $3 billion in AI computing power after a stalemate over federal security regulations.
The Dow rose 332 points, or 0.6%, to finish at a record high. Despite the downward slide of oil prices, trading ahead of Wednesday’s Fed interest rate decision was relatively “light and featureless,” writes Joe Mazzola, head trading and derivatives strategist at Charles Schwab. Kevin Warsh’s first press conference as Fed chairman is the big event tomorrow (more on that below), but the U.S. Census is also set to release a significant economic barometer on Wednesday morning: May retail sales.
Trying to simplify your finances can sometimes result in expensive mistakes. One retirement saver recently learned that lesson after rolling money from a federal Thrift Savings Plan account into a Roth IRA. What seemed like a straightforward move to consolidate...
Investors looked ahead to the Federal Reserve's next interest rate decision, the first to be delivered under Chair Kevin Warsh.
US stock futures rose modestly as investors looked ahead to the Federal Reserve's next interest rate decision, the first to be delivered under Chair Kevin Warsh.
US stock futures rose modestly as investors looked ahead to the Federal Reserve’s next interest rate decision, the first to be delivered under Chair Kevin Warsh.
<body><p>STORY: Wall Street's main indexes ended mixed on Tuesday, with the Dow gaining just under two-thirds of a percent to notch its second straight record-high close... while the S&P 500 shed more than half a percent and the Nasdaq dropped more than one percent.</p><p>Shares of Elon Musk's SpaceX ended nearly 5% higher, paring earlier gains. For much of the session, the rocket and AI company's value was above that of Amazon, and it briefly surpassed Microsoft's valuation, as retail investors continued to pour into the stock after its record-breaking IPO.</p><p>But Amol Dhargalkar, chairman and managing partner at Chatham Financial, warned of several risks that could trigger volatility for SpaceX and other AI-related stocks.</p><p>"I think that's a really difficult position to be in as a retail investor, especially when you consider the fact that there is a lot of risk, not just in the business model, but these are names where the cash flows are likely far into the future. And we are not in a period of 0% or negative interest rates or even declining interest rates at this point. </p><p>There's a lot of question as to whether interest rates will continue to be flat or will they go up. And that can certainly be a meaningful drag on valuations of high growth companies, especially where that growth is out far into the future."</p><p>Investors will look for clues on where interest rates are headed when the Federal Reserve concludes its latest two-day policy meeting on Wednesday, with Kevin Warsh holding his first press conference as Fed chair.</p><p>Other stocks on the move included shares of Olin, which sank nearly 6% after the chemical producer said it would acquire Huntsman in an all-stock deal valued at more than $2.4 billion. Huntsman shares also fell as the offer stood at a discount to the stock's recent price.</p><p>:: Yum Brands</p><p>And shares of Yum Brands rose after the fast-food company said it would sell its Pizza Hut chain for $2.7 billion, against a backdrop of softer consumer spending across the fast-food industry.</p></body>
Inflation continues to hit new highs, potentially with far-reaching effects on the market.
Amazon.com (AMZN) is facing a potential lawsuit from the U.S. Federal Trade Commission over allegati
The FTC has drafted a potential complaint against Amazon as part of an ongoing investigation, Bloomberg reported, with multiple state attorneys general also involved alongside the federal regulator. The agency may resolve the matter, either through a formal lawsuit or a negotiated settlement, as soon as this summer. Any final action would require a vote from the FTC's two Republican commissioners, Chairman Andrew Ferguson and Commissioner Mark Meador.
Energy ETFs can help investors earn income, hedge against inflation and speculate on commodity prices. Here are five we like.
The Dow Jones hit a new high and SpaceX kept rising. But chips and most AI stocks fell. Fed chief Kevin Warsh's comments will be in focus Wednesday.
Amazon.com may face a U.S. Federal Trade Commission lawsuit that could result in civil penalties, following allegations that the e-commerce giant misled advertisers, Bloomberg News reported on Tuesday. The FTC has a possible complaint against Amazon as part of an ongoing probe, Bloomberg reported, citing people familiar with the matter. The agency has been investigating whether Amazon and Alphabet's Google misled advertisers that place ads on their websites, Reuters reported last year.
It could go both ways, actually.
Jerome Powell just issued a stark warning about the future of the Federal Reserve -- and the implications for your portfolio could be enormous.
(Updates prices.) Gold was steady midafternoon Tuesday as inflation fears ebbed while oil prices
"Show me" story CarMax in buy zone as archrival Carvana looks to disrupt auto retailing again.
World Liberty Financial is likely to land a federal banking charter soon.
After SpaceX’s (NASDAQ: SPCX) IPO, Elon Musk’s net worth rose to $1.27 billion, making him the first trillionaire in world history (at least as far as most people know, based on inflation-adjusted dollars). His net worth has risen to $653 billion this year. That increase alone is larger than the net worth of the second-richest ... Who Is The World’s Second Richest Person?
The market has the most to lose if the central bank raises interest rates. Its rally is powered by tech and AI, making it risky, risky, risky.
If you haven't planned for inflation, and possibly high inflation, your nest egg's purchasing power could shrink alarmingly.
The European stock markets were modestly higher in Tuesday trading as the markets reacted positively
The Fed's FOMC is meeting for the first time with a new leader presiding.
Demand for Treasuries picks up, sending yields lower, as details of the announced peace deal with Iran remain unclear and the first two-day Fed meeting with Warsh as chairman starts. Oil prices fall nearly 5% and the WSJ Dollar Index is flat.
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