(Reuters) - U.S. inflation tracked sideways in April, a worrying sign for the U.S. central bank that suggests the elevated pace of price increases could last longer than expected and casts doubt on how soon it will be able to cut interest rates.
The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March.
In... (continue reading...)
Analysts at BMO Capital upped their price target for the S&P 500 in a note earlier this month, while this week, UBS did the same, with both now seeing the index reaching 5,600, representing Street highs.
BMO Capital told investors that the S&P 500 momentum is likely to persist. The firm acknowledged that it had previously underestimated the strength of the market momentum, particularly considering that investor expectations and Fed policy guidance have become... (continue reading...)
Investing.com — Suzano Papel e Celulose's (NYSE: SUZ) bid for International Paper (NYSE: IP) is looking increasingly likely to succeed as a combination of better financing options with the possibility of the Brazilian pulp giant offering shares in the newly formed company as part of the premium could bridge the gap between the two giants.
Originally, Suzano had reportedly offered $42/share for IP's full takeover, a bid that only implied a small premium over the... (continue reading...)
Private Credit Firm Ninepoint Halts Cash Payouts On Three Funds - Bloomberg
Investing.com -- U.S. stock futures drifted lower Friday, with investors wary ahead of the release of key inflation data that could guide future monetary policy.
Here are some of the biggest premarket U.S. stock movers today:
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Dell Technologies (NYSE: DELL) stock slumped 15% after the technology group unveiled a lower-than-anticipated current-quarter earnings outlook and indicated that higher spending on building out servers to meet artificial intelligence workloads... (continue reading...)
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