Wholesale prices rose 0.5% in April, more than expected
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.
Trump lawyer calls out Michael Cohen TikTok insults in hush money trial cross-examination
Michael Cohen told jurors key details about the alleged awareness and involvement of Donald Trump in hush money payments to a porn star and a Playboy model.
Stellantis to rapidly grow exports of Chinese EVs to Europe, other countries
The announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other regions.
GameStop jumps for a second day, but ends session well off highs as meme enthusiasm starts to fade
The meme stock rally kicked off by “Roaring Kitty” continued for a second day as shares from GameStop, AMC, Blackberry and Koss soared.
Apple’s new iPad Pro is thin and fast, but the software needs an update
CNBC reviews the new 13-inch iPad Pro 2024. It’s super thin and has a fast M4 processor, but the software needs an update.
Novavax stock jumps 50% as Sanofi deal kicks off turning point for struggling vaccine maker
Novavax said the deal with Sanofi allows it to remove its “going concern” warning, which it first issued last year due to doubts about staying afloat.
OpenAI launches new AI model GPT-4o and desktop version of ChatGPT
OpenAI on Monday introduced a new AI model and a desktop version of ChatGPT, its popular chatbot.
Citi makes the bull case for defense stocks and gives its favorite picks
Wall Street is underestimating the growth potential of defense stocks, Citigroup believes.
Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows
On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023.
