Treasury yields rise as traders assess timeline of interest rate cuts
Minneapolis Fed President Neel Kashkari on Sunday said it was a “reasonable prediction” that there would not be an interest rate cut until December.
Cocoa prices are soaring. Candy makers will need to get creative
Hershey, Mondelez, Mars and Ferrero are among the companies that will have to get creative to deal with soaring prices for cocoa, a key ingredient in chocolate.
Investors wonder if tech can keep lifting S&P 500 to records this summer as some cracks emerge
Markets are increasingly bifurcated lately.
Jared Kushner’s post-White House deal-making included badly timed bet on Amazon aggregator
Shortly after leaving the Trump White House, Jared Kushner was putting Saudi money to work across a host of businesses, including Amazon aggregator Unybrands.
10-year Treasury yield slips again as traders weigh this week’s U.S. inflation data
The producer price index fell 0.2% in May, lower than expectations, pushing Treasury yields lower.
Elon Musk claims Optimus robots could make Tesla a $25 trillion company — more than half the value of the S&P 500 today
At Tesla’s annual shareholder meeting Thursday, CEO Elon Musk said the company’s jump into humanoid robots could lift its market cap by almost fiftyfold.
OpenAI adds former NSA chief to its board
OpenAI on Thursday announced Paul Nakasone, former director of the National Security Agency, will join its board of directors.
Microsoft employees’ cybersecurity contributions will factor into their pay
Microsoft’s Brad Smith told a U.S. House committee that its board will evaluate top executives’ cybersecurity work when deciding on bonuses.
Google search head says ‘we won’t always find’ mistakes with AI products and have to take risks rolling them out
Liz Reid, Google’s vice president of search, told employees at a recent all-hands meeting that the company has to take risks in rolling out AI search tools.
Wholesale prices unexpectedly fell 0.2% in May
The producer price index was expected to show a 0.1% increase in May, according to economists surveyed by Dow Jones.
