Investing.com -- Main U.S. indexes rose but struggled to push much higher after the previous session’s strong gains to record levels in the wake of cooler inflation data.
Here are some of the biggest U.S. stock movers today:
Walmart (NYSE: WMT) stock rose 6% after the retail giant topped quarterly earnings and revenue expectations, helped by significant e-commerce gains
Chubb (NYSE: CB) stock rose 4% after Warren Buffett’s... (continue reading...)
(Reuters) - The sports-streaming service set to be launched by Walt Disney Co, Warner Bros Discovery and Fox Corp will be called Venu Sports and is on track for launch this fall, Pete Distad, the venture's CEO, said on Thursday.
Announced in February, the service will try to woo younger viewers who are not tuned in to cable TV with a bundled offering of the companies' broad portfolio of professional and collegiate sports rights, including the National... (continue reading...)
AMC Entertainment (NYSE: AMC) stock fell 20% on Wednesday following a strong surge in shares of major meme stocks.
The recent volatility in these stocks is tied to social media influence. The surge came after Keith Gill, better known as "Roaring Kitty" on social media, made a return to the platform X, previously known as Twitter, after being absent for three years.
Gill gained notoriety among meme stock traders in 2021 when his investment in GameStop (NYSE: GME),... (continue reading...)
Analysts at Macquarie believe one month of at-consensus core CPI may not be "enough" to start the Federal Reserve's countdown on a rate cut.
Assessing the recent data and its potential impact on the Fed's interest rate policy, the firm said the latest print was as expected but far from enough.
"An in-line print is probably not good enough for the Fed to start a countdown to rate cutting. Fed speakers may affirm this 'guarded' view starting today. So, we don't... (continue reading...)
Investing.com - A group of major crude producers next meets at the start of June, and UBS expects them to agree to extend their voluntary production cuts, in an attempt to keep the oil market in balance.
The Organisation of Petroleum Exporting Countries and allies, a group known as OPEC+, meets on June 1, and are set to evaluate their currency output cuts in place.
OPEC+ oil producers are making voluntary output cuts totalling about 2.2 million barrels per day for... (continue reading...)
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