Wall Street heads into the week ahead on edge as traders brace for a raft of earnings, economic data
How corporate America is handling sticky inflation, as well as the prospect of higher interest rates for longer, will be top of mind for investors.
BlackRock’s Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
The head of the world’s largest money manager said it’s unlikely the central bank will hit its 2% goal anytime soon.
Fewer students are graduating from college, but certificate programs are way up
After years of steady increases, the number of students earning college degrees fell for the second year in a row, according to a recent report.
Trump Media shares end week down nearly 20%, losing billions in market cap
Donald Trump is the largest shareholder in Trump Media, which owns the Truth Social app frequently used by the presumptive Republican presidential nominee.
LinkedIn betting it can take on TikTok and Instagram in influencer marketing
With LinkedIn facing a slowdown in growth, the company is jumping into influencer marketing, trying to compete with TikTok and Instagram.
Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead
Taken together, Dimon said the three issues pose substantial unknowns.
IEA downgrades oil demand growth forecast as prices heat up on elevated Middle East tensions
It comes as oil prices rebound on elevated Middle East tensions, with market participants monitoring the prospect of supply disruptions from the region.
Apple shares just had their best day since last May
Apple stock climbed 4.3% on Thursday to a share price of $175.04. It is Apple’s best day since May 5, 2023.
Sen. Bob Menendez’s trial to proceed without his wife due to her health issues
The illness, which was not disclosed in court, has led to a lack of clarity about when she will be healthy enough to proceed to trial.
CFRA’s Stovall says the S&P 500 can go higher, but expects a correction ahead. Here are his picks to play it
The strategist noted the best-performing groups in corrections going back to 1990 were gold, electric utilities and household product makers.
