In This Article:
This isn’t a stock market rally. It’s a scramble
On the back of market rallies over the last few weeks, the Nasdaq is now up just over 1% year-to-date. The S&P 500? Flat. The Dow Jones Industrial Average? Down 0.6%.
The 5 metro areas with the highest inflation in America — and the 5 with the lowest
Inflation is cooling, with the year-over-year rate in April at 2.3%, the lowest since February 2021.
But the numbers tell one story, and how Americans experience inflation tells another. And national statistics can blanket over a more complicated landscape on the local level.
Tesla’s board chair has now sold stock worth more than half-a-billion
Robyn Denholm, the chair of Tesla’s (TSLA) board of directors, sold nearly $200 million worth of Tesla stock in the past six months, per an New York Times analysis of recent SEC filings.
The Dow surges 1,100 points and the Nasdaq soars as the U.S. and China call a trade war truce
U.S. stocks soared Monday after Washington and Beijing struck a surprise deal to dramatically cut tariffs, marking a rare moment of clarity and good news in an otherwise volatile environment.
Inflation cools. What the CPI report says about the economy
Inflation cooled more than expected last month, with consumer prices rising 2.3% year-over-year in April, down from a 2.4% annual rate in March.
The April Consumer Price Index (CPI) report, released early Tuesday, marked the lowest annual inflation rate since early 2021 and the third consecutive month of deceleration, edging closer to the Federal Reserve’s recently reiterated target of 2%.
The U.S. and China make a deal on trade. Here’s what analysts are saying
The U.S.-China tariff truce kicked off a $700 billion rally in Big Tech stocks on Monday, as the Nasdaq led outpaced other indexes with a 3.5% surge. But not all analysts are convinced the trade war accomplished anything beyond creating a problem that markets are now celebrating the temporary suspension of.
Coinbase is joining the S&P 500 in a big moment for crypto — and the stock soars
Coinbase is set to join the S&P 500 — a milestone moment not just for the company but arguably for the American economy itself.
The $52 billion company, which runs the largest publicly traded crypto exchange in the U.S., will replace Discover Financial Services (DFS) following Discover’s looming acquisition by Capital One (COF), S&P Global said late Monday.
Inflation falls and the trade war stalls: What it means for Fed interest rate cuts
The Federal Reserve has been playing a waiting game for months. A lot has changed this week. And the Fed will probably just keep playing the waiting game.