Here come Apple’s quarterly results. This is what traders are watching
Analysts will be looking toward updates on China market demand, as well as generative AI updates ahead of Apple’s WWDC event next month.
Wall Street is confused and divided over how many times the Fed will cut rates this year
Most economists for the biggest forecasting firms expect the central bank will lower benchmark interest rates sometime later this year.
U.S. intelligence chief warns Congress of rise in cyberattacks
The new comments from Haines come as companies such as UnitedHealth Group, MGM Resorts and Clorox have been disrupted by cyberattacks in the past year.
Trump again won’t commit to accepting the presidential election results
The presumptive Republican nominee said he would “gladly accept the results” only “if everything’s honest” in an interview with the Milwaukee Journal Sentinel.
Trump denies sleeping during trial: ‘I simply close my beautiful blue eyes’
Donald Trump returned to his criminal hush money trial in New York after Judge Juan Merchan held him in contempt for violating his gag order.
Moderna loses less than expected as Covid vaccine sales beat estimates, cost cuts take hold
The company reiterated its full-year 2024 sales guidance of roughly $4 billion, which includes revenue from the expected launch of its RSV vaccine.
Carvana shares spike 30% as used car retailer posts record first quarter
Carvana reported record first-quarter results Wednesday that beat Wall Street’s top- and bottom-line earnings expectations for the online used car retailer.
Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s
Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.
Fed keeps rates steady as it notes ‘lack of further progress’ on inflation
With the decision to hold the line on rates, the committee noted a “lack of further progress” in getting inflation back down to the central bank’s 2% target.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March.
