Markets on Pause Ahead of CPI Report

barrons.com Whether stocks hold on, rise, or fall depends on which way the consumer price index for April goes. A hot reading could dash the market’s latest hopes for the Federal…

Most Life Sciences Hedge Funds Suffer Losses Last Month

institutionalinvestor.com Most lost money, including several that fell by high-single-digit or low-double-digit rates after posting sharp gains for five straight months. This compares with a roughly…

Merger Mayhem: FTC’s Oil Sector Crackdown Puts These 3 Pending Deals at Risk

investorplace.com Oil industry consolidation is underway but the FTC wants to interfere with the deals ExxonMobil (NYSE: ) recently completed its $60 billion acquisition of Pioneer Natural…

PPI Report Shows Sticky Inflation. Why That Is Bad News for the CPI Print

investorplace.com The April Producer Price Index (PPI) report came in hot this morning, showing wholesale prices climbed faster than projected last month. This only adds pressure to the…

Americans are carrying a record amount of household debt

foxbusiness.com Americans racked up more debt at the beginning of 2024 – and a growing number of households fell behind on payments for several types of loans, according to a New York…

Supreme Court Ruling on CFPB’s Fate May Upend Years of Financial Services Rulemaking

pymnts.com For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. Almost everything boils…

Silver lining for consumers: Food price growth has gone flat, and the prices of many other goods are falling

nbcnews.com Create your free profile or log in to save this article Create your free profile or log in to save this article Price growth in many key consumer categories has slowed…

Nearly one-fifth of Americans have ‘maxed out’ their credit cards as inflation and high interest rates push delinquencies to 3-year high

aol.com Amid high inflation and higher interest rates, Americans are continuing to pack on debt at troublingly high levels. Even more worrying, new research finds an increasing…

Biden’s chances of re-election are better than they appear

economist.com AMERICANS HAVE not been impressed by President Joe Biden’s handling of the economy. In fact, according to polling averages, nearly 60% disapprove of it. Meanwhile, Donald…

Federal Reserve Reduces Tightening, Keeping The Economy Juiced

forbes.com The Federal Reserve has slowed the rate of tightening. Where once tightening would end about now, with the reduced rate it ends around the time of the U.S. presidential…

Federal Reserve issues FOMC statement

federalreserve.gov Federal Reserve issues FOMC statement

JPMorgan's trading desk lays out 6 scenarios for tomorrow's inflation report, and how the stock market will react to each of them

aol.com None The Wednesday release of the April CPI report has the potential to shake up the stock market. • None A cool inflation report would bode well for interest rate cuts from…

Michael Novogratz Turns Short-Term Bearish on Bitcoin, Ethereum, Solana

coingape.com Galaxy Digital CEO Michael Novogratz has made bearish projections for some Bitcoin (BTC), Ethereum (ETH), and Solana. In a May 14 conference call, Novogratz noted that the…

WATCH LIVE: White House holds news briefing as new report shows inflation may still be high

pbs.org White House press secretary Karine Jean-Pierre will hold a news briefing on Tuesday after the government issued a report showing that inflation may be remaining high. The…

'Good News Is Bad News' Is The Worst News For Stocks

zerohedge.com 'Good News Is Bad News' Is The Worst News For Stocks Authored by Simon White, Bloomberg macro strategist, We’re back in a “bad news is good news” regime for stocks, where…

Florida down payments plunge as people rush to sell houses

newsweek.com Cities in Florida saw some of the largest declines in down payments for home purchases at a time when homeowners in the state are highly motivated to sell, according to an…

Stocks on inflation watch as bulls emerge and S&P 500 tests record

thestreet.com Global investors remain bullish on U.S. stocks heading into the summer months, according to two benchmark surveys published on May 14, even as inflation readings suggest a…

Polymarket Raises $70 Million With Backing From Vitalik Buterin and Peter Thiel Fund

decrypt.co The blockchain-based betting site Polymarket announced Tuesday that it raised $70 million in two fundings rounds, one which saw participation from Ethereum co-founder…

Credit card delinquencies rise as more Gen Z cardholders are maxed out, New York Fed research shows

cnbc.com Americans owe a collective $1.12 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Although credit card…

It's no surprise to see Amazon shares lower after cloud CEO shakeup

cnbc.com Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. U.S. stocks were little…

Inflation expected to tick down in April as Fed officials weigh rate cuts

finance.yahoo.com On Wednesday, investors will digest one of the most important data points the Federal Reserve will consider in its next interest rate decision: April's Consumer Price Index…

High Interest Rates Are Hitting Poorer Americans the Hardest

nytimes.com High interest rates haven’t crashed the financial system, set off a wave of bankruptcies or caused the recession that many economists feared. But for millions of low- and…

Corporate Media Celebrates as Recession Looms

tftc.io The Wall Street Journal recently published an article that clearly demonstrates the divergent priorities between Wall Street and the average American family. The article,…

Fed Chair’s Confidence in Slowing Inflation Is ‘Not as High’ as Before

nytimes.com Jerome H. Powell, the Federal Reserve chair, reiterated that policymakers were poised to hold interest rates steady at a high level as they waited for evidence that…

5 defensive trades to make if stagflation and hard-landing fears cause a stock sell-off, BofA says

aol.com None Stocks are vulnerable to a stagflation or hard landing rebound, says Bank of America's Michael Hartnett. • None Investor optimism is currently at a more than two-high…

Powell says Fed's restrictive policy is working

investing.com Federal Reserve Chairman Jerome Powell provided an optimistic overview of the US economy during a discussion at the Foreign Bankers' Association's Annual General Meeting in…

Entrepreneurs Face Major Headwinds Due To Big Government Policies

zerohedge.com Entrepreneurs Face Major Headwinds Due To Big Government Policies Authored by Alfredo Ortiz via RealClearPolicy, The specter of stagflation has returned. On April 25th, The…

Canadian dollar could 'crater' if Bank of Canada cuts faster and deeper than the Fed, say economists

financialpost.com The Canadian dollar could be in for a rough ride if the Bank of Canada cuts interest rates sooner and deeper than the Federal Reserve, a scenario that economists suggest is…

Homes are overvalued in much of the U.S

finance.yahoo.com Homes in 90% of major metropolitan areas in the U.S. are overvalued, with the sharpest increases recorded in Southern states, according to a new report. The states with the…

Powell speech: Producer Price Index reading was quite mixed

fxstreet.com Federal Reserve Chairman Jerome Powell speaks at a moderated discussion with De Nederlandsche Bank (DNB) President Klaas Knot at the Foreign Bankers' Association's Annual…

Empire Newsletter: It’s memecoins all the way down

blockworks.co Memecoins show the way What are brand-new projects to do in such a topsy-turvy market, one that’s either teetering on the brink of altcoin season or about to veer off into…

Stock market today: Indexes edge up as traders digest wholesale inflation data

aol.com May 14, 2024 at 9:46 AM • None The producer price index came in higher than estimates, gaining 0.5% in April. • None Major indexes were slightly higher after the data as…

BofA global fund manager survey most bullish since November 2021

investing.com Bank of America's latest fund manager survey was the most bullish since November 2021, driven by optimism on rate cuts rather than earnings, the firm said in a note Tuesday.…

US producer prices surge in April on strong services, goods

aol.com U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that…

BRICS: Billionaire Makes Major US Bank Failure Prediction

watcher.guru With the BRICS bloc embracing de-dollarization and encouraging a global economic shift, one notable billionaire has made a major US bank failure prediction. Indeed, real…

Inflation just won't quit as wholesale prices rise at the fastest rate in a year

fortune.com U.S. wholesale prices rose sharply last month, a sign that stubbornly high inflation may persist after three elevated readings in consumer prices to start the year. The…

Sell These 3 Cryptos Before Fed Rate Hikes Crush Them

investorplace.com Amid uncertain Federal Reserve actions and sticky inflation, streamline your digital assets by evaluating cryptos to sell I think we can all agree that Fed Chair Jerome…

The 3 Most Undervalued Renewable Energy Stocks to Buy in May 2024

investorplace.com Despite short-term headwinds, the solar energy industry has a number of long-term growth prospects to get excited about The renewable energy space has seen better days. The…

The PPI Has Good News For The Fed; S&P 500 Futures Flat Ahead Of CPI

investors.com Producer price index data out Tuesday showed that inflation ran hotter in April, but downward revisions to earlier data assuaged concerns. Meanwhile, health care prices, the…

Stock market today: US stocks trapped in inflation countdown as meme rally roars back

finance.yahoo.com Meme stocks soared again on Tuesday, as US equities more broadly stayed muted amid a mixed inflation reading. Investors also awaited a Jerome Powell speech that could shed…

Wholesale inflation unexpectedly jumps again to highest level in a year

foxbusiness.com Inflation at the wholesale level rose much more than expected in April, the latest sign that price pressures within the economy remain elevated and difficult to tame. The…

Stock Market Today: Dow Jones Falls On Hot Inflation Data, Powell Next; GME Rockets 100%

investors.com Futures for the Dow Jones Industrial Average and other major indexes were mixed Tuesday, as Wall Street reacted to hot inflation data from the Labor Department ahead of…

Wholesale price increases accelerated in April as inflation remains sticky

aol.com U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year. The…

Producer price index accelerates in April, with March print revised lower

seekingalpha.com The Producer Price Index advanced 0.5% M/M in April, greater than the 0.3% increase expected and accelerating from the 0.1% decrease in March (revised from +0.2%), the U.S.…

PPI Runs Hot, But Health Care Inflation Eases; S&P 500 Futures Slip

investors.com Producer price index data out Tuesday showed that inflation ran hotter in April, but downward revisions to earlier data assuaged concerns. Meanwhile, health care prices, the…

Producer Prices Rise More Than Expected in April

barrons.com The producer price index rose in April, a sign that inflation is remaining sticky one day ahead of the highly anticipated consumer price index reading. The producer price…

US producer prices increase more than expected in April

finance.yahoo.com U.S. producer prices increased more than expected in April amid strong gains in the costs of services and goods, indicating that inflation remained elevated early in the…

Futures Mixed Ahead Of Inflation Data, Powell

investors.com Futures for the Dow Jones Industrial Average and other major indexes were lower Tuesday, as Wall Street reacted to hot inflation data from the Labor Department ahead of…

U.S. producer prices rose more than expected in April, indicating inflation remained elevated

theglobeandmail.com U.S. producer prices increased more than expected in April amid strong gains in the costs of services and goods, indicating that inflation remained elevated early in the…

Breaking: Bitcoin Holds The $61K Mark Despite Gloomy US PPI Data

coingape.com Bitcoin traded above the $61,000 mark, after the latest release of the highly anticipated U.S. Producer Price Index (PPI) data. Notably, the crypto market was eagerly…

Stock market today: US futures trapped in inflation countdown as meme rally roars back

finance.yahoo.com Meme stocks soared again on Tuesday, as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech that could shed light on…

How experts see the Fed’s inflation battle driving Bitcoin’s price

dlnews.com Traders are bracing for consumer price data for April. While the consumer price index — or CPI — is expected to have improved from March, the world’s biggest…

Housing market map shows states with fastest growing demand

newsweek.com Midwest and southern states saw some of the fastest growing demand for housing so far in 2024, research shows. The data, published by Freddie Mac in April, analyzed purchase…