Fed's Jefferson Says Slowing Progress on Inflation Is 'a Source of Concern'

Fed vice chair backs holding rates steady until there is evidence that inflation is falling.

MarketWatch20minutes ago

S&P 500 Flat But Market in the Green | Market Story

Shortly before 10:30 Am EST,  the $S&P 500 Index(.SPX.US)$ climbed 0.15%, the $Dow Jones Industrial Average(.DJI.US)$ grew 0.22%, and the $Nasdaq Composite Index(.IXIC.US)$ climbed 0.30%.

moomoo News40minutes ago

Meme Stocks Are Back? | Mooving Update

Morning Mooers, the meme stock market screamed "We are so back" over the weekend, after Roaring Kitty, short squeezing enthusiast and financial influencer that helped inspire the original GameStop craze in 2021 finally tweeted again. Overnight

Kevin TraversMay 13 10:38 ET

The fundamentals of “Magnificent 7” are rock solid! Is it still the “main force” leading US stocks to soar?

Shares rose rapidly after Facebook's parent company Meta and Google parent company Alphabet announced new dividends; currently, tech giants still spend more money on share buybacks than dividends.

Zhitong FinanceMay 13 07:33 ET

Investors Crowd Into Soft-Landing Trade Ahead of Crucial Inflation Data -- WSJ

Three straight months of hot inflation data dented Wall Street's confidence that a series of interest-rate cuts is set to start at any minute. Investors are hoping the fourth time is the charm.

WSJMay 13 05:30 ET

Goldman Strategists Say Loss-Making US Companies Face Rates Risk

Risks are mounting for some US firms that haven’t ever turned a profit as they’re compelled to raise capital at elevated interest rates to “remain solvent,” according to Goldman Sachs Group Inc. strategists.

BNN BloombergMay 13 04:58 ET