Logan Paul and KSI's Prime Hydration poised to become beverage industry's next $1 billion brand - Jefferies
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Labor costs aren't driving up inflation: SF Fed paper
May 30, 2023 1:03 PM EDTRising U.S. labor costs are doing little to drive up inflation, researchers from the Federal Reserve Bank of San Francisco said on Tuesday, a finding that may undercut the argument that wage gains are key to elevated price pressures.
The analysis by Adam Shapiro in the latest edition of the FRBSF Economic Letter showed... More
S&P 500 Erases Gain, Down Slightly
May 30, 2023 11:21 AM EDTS&P 500 Erases Gain, Down Slightly
Nasdaq Still Up 0.45%Dow Down 0.6%... MoreAnalysts bullish on medtech due to strong fundamentals
May 30, 2023 11:13 AM EDTBoth Morgan Stanley and BofA released bullish notes regarding medical technology on Tuesday.
At BofA, analyst Travis Steed told investors that medtech stocks are on sale, while the fundamentals are the best in three years, and that he sees the sector as ownable.
"Medtech sold off post Q1 as investors realized... More
Dallas Fed Manf. Activity -29.1 vs -18 Expected
May 30, 2023 10:30 AM EDTDallas Fed Manf. Activity -29.1 vs -18 Expected
... MoreConf. Board Consumer Confidence (May) 102.3 vs 99 Expected
May 30, 2023 10:00 AM EDTConf. Board Consumer Confidence (May) 102.3 vs 99 Expected
... MoreS&P CoreLogic CS 20-City Index (Mar MoM) 0.45% vs 0.05% Expected; (YoY) -1.15% vs -1.6%
May 30, 2023 9:00 AM EDTS&P CoreLogic CS 20-City Index (Mar MoM) 0.45% vs 0.05% Expected; (YoY) -1.15% vs -1.6%
... MoreFHFA House Price Index (Mar) 0.6% vs 0.2% Expected
May 30, 2023 9:00 AM EDTFHFA House Price Index (Mar) 0.6% vs 0.2% Expected
... MoreU.S. markets jump on high hopes of debt ceiling lift off
May 30, 2023 7:27 AM EDTBy Nell Mackenzie and Harry Robertson
LONDON (Reuters) - Wall Street was tipped for a strong open on Tuesday, while the cost of insuring against a U.S. debt default fell and the safe-haven dollar weakened in a sign of broad optimism across markets that a U.S. debt ceiling crisis might be averted.
U.S. markets reopen on Tuesday following Monday's public holiday, reacting for the first time to a weekend deal to suspend the $31.4 trillion U.S. debt ceiling until 2025 while keeping some costs flat.
The U.S. House Rules Committee said... More
