Fed's Collins Says Process of Lowering Inflation May Take Longer Than Expected

While recent inflation data has been "encouraging," the process of lowering inflation may take longer than expected, Boston Federal Reserve Bank President Susan Collins said Tuesday at the 2024 Annual

MT Newswires41minutes ago

Nvidia executives cashed out more than $700 million! But unable to resist the long bull market of the most important stock on Earth.

Nvidia executives have reduced their shareholding by as much as USD 700 million since the beginning of this year, with more than one-third of the internal sales occurring after Nvidia's unparalleled performance announcement in May.

Zhitong FinanceJun 18 10:55 ET

S&P 500 and Nasdaq Composite Push Deeper Into Record Territory

Stocks rose slightly Tuesday morning.

Jerry KronenbergJun 18 10:30 ET

Bid from foreign investors pushed South Korea's stock market to a more than two-year high.

South Korea's stock market closed at a two-year high on Tuesday, with foreign investors buying local blue-chip stocks after Wall Street's technology stocks led the way. The Korean won also slightly appreciated against the US dollar. On the same day, the KOSPI, South Korea's benchmark stock index, rose 19.82 points, or 0.72%, to close at 2,763.92 points, reaching a new high since February 20, 2022. The volume for the day was 552 million shares, worth KRW 13 trillion, with 497 stocks falling and 376 stocks rising. Foreign investors net bought KRW 639 billion worth of stocks that day, driving the stock market up and offsetting individuals.

環球市場播報Jun 18 03:38 ET

Retail-Sales Forecast Clouded by Inflation, Mixed Economic Data

May's retail sales report could indicate if inflation is curbing spending, or if the resilience consumers have shown -- surprising in its yearslong endurance -- will continue into the summer months.

Barron'sJun 17 20:43 ET

Case for Fed to Cut in September: Rosner

Lindsay Rosner, Head of Multi-Sector Investing at Goldman Sachs Asset Management, says there is a case for the Federal Reserve to cut in September. She also sees elections, like those in France, to bring volatility to risk assets.

BloombergJun 17 20:00 ET