Fed holds rates, Apple earnings, Peloton CEO: 3 Things

CNN Business
Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
Moneywise
‘You guys are seriously broke’: Dave Ramsey delivers wake up call to Iowa couple making nearly $200,000
"We just kinda went crazy"
Bloomberg
China Sells Record Sum of US Debt Amid Signs of Diversification
(Bloomberg) -- China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying
Bloomberg
Norway Wealth Fund Blacklists Adani Ports Citing Ties to War
(Bloomberg) -- Norway’s $1.7 trillion sovereign wealth fund has decided to exclude Adani Ports & Special Economic Zone Ltd. from its portfolio, citing “unacceptable” risks that the company is tied to human rights violations in war and conflict zones.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptJamie Dimon Sees ‘Lot of Inflationary Forces
Bloomberg
GIP, ADIA Join Khazanah’s Takeover Bid for Malaysia Airports
(Bloomberg) -- Malaysia Airports Holdings Bhd. is set to be privatized as its two biggest shareholders team up with buyout firm Global Infrastructure Partners and the Abu Dhabi Investment Authority to make a takeover offer for the airport operator.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months
Futurism
Man Buys Used Tesla, Discovers Horrendous Issue
While Tesla's stock was reaching all time highs back in 2021, car rental company Hertz made a big bet by buying up about 30,000 Teslas vehicles. The original order was for a whopping 100,000 Teslas, sending the EV maker's value soaring at the time. But as it turns out, that was an extremely costly mistake, […]
Reuters
Stock market's record-setting rebound may have further to go
A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Market strategists who track historical trends say stocks tend to build momentum when recovering from similar-sized pullbacks, often continuing to rally even after making up lost ground. Past rebounds in the S&P 500 from 5% pullbacks have been followed by a median gain of 17.4%, said Keith Lerner, co-chief investment officer at Truist Advisory Services.
Fortune
Walmart is nabbing Target’s ‘Tar-jay’ rep and Amazon’s delivery crowd as even the wealthy flock to the retail giant
The retailer’s blockbuster earnings are mostly thanks to its focus on groceries and e-commerce.
Reuters
Siemens misses profit forecast as customers stick to trend of destocking
ZURICH (Reuters) -Siemens reported on Thursday a drop in second-quarter earnings at its industrial business, as China maintained its trend of destocking longer than previously expected. Although Siemens expects an improvement in coming months, it was likely to come more slowly than previously thought, Chief Executive Roland Busch said. "A key reason is the muted development in China," he told reporters.
Reuters
'The Dow is America's index': The journey to hitting a record 40,000 points
The Dow Jones Industrial Average, a laggard among the major U.S. stock indexes this year, got its moment in the spotlight on Thursday as it briefly broke above 40,000 points for the first time in its history.
Bloomberg
Investors Favor Indian Bonds After China Pushes Back on Rally
(Bloomberg) -- Gains from Indian bonds have surpassed those on Chinese debt this year and there are reasons to suggest the outperformance will continue.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’The nation’s sov
CNN Business
Why we care so much about the Dow, the stock market’s dumbest index
The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it.
Bloomberg
GameStop Rout Reaches $8 Billion After Plan to Sell Shares
(Bloomberg) -- GameStop Corp. tumbled after filings opened the door for it to sell more equity, furthering a rout that erased most of the meme-fueled rally that had sent the stock soaring 271% at the start of the week. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingVoters Prefer Trump Over Biden on Economy. This Data Shows WhyUS Inflati
SmartAsset
How Long Will $300,000 Last Me in Retirement?
How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let's break down whether $300,000 is enough for your … Continue reading → The post How Long Will $300,000 Last in Retirement? appeared first on SmartAsset Blog.
Insider Monkey
Michael Burry Has 42% of His Portfolio Invested in These 5 Stocks
Michael Burry is in the news for two reasons. One, he has revealed his Q1’2024 portfolio that shows Burry is once again swimming against the tide (more on that later). Second, amid the return of Roaring Kitty on Twitter, meme stock boys on Reddit and Twitter are recalling how Burry was the first notable investor […]
Bloomberg
Oil Posts Weekly Gain as Supply Outlook and Inflation Set Tone
(Bloomberg) -- Oil notched a weekly gain while futures stayed in a narrow range, with the outlook for supply and inflation in focus.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingVoters Prefer Trump Over Biden on Economy. This Data Shows WhyUS Inflation Data Was Accidentally Released 30 Minutes EarlyWest Texas Intermediate settled above
Yahoo Finance Video
Nvidia: One thing this strategist thinks could threaten growth
Artificial intelligence has emerged as a transformative technology, with tech giants increasingly investing in its development. Semiconductor companies like Nvidia (NVDA) are some of the biggest beneficiaries. Futurum Chief Market Strategist Cory Johnson joins Market Domination Overtime to share his insights on Nvidia's prospects ahead of its upcoming earnings report. Regarding Nvidia's sustained growth trajectory, Johnson states, "we've never seen anything like this." He highlights the company's ability to continuously innovate, introduce new products, and sell everything it manufactures, solidifying its position as a powerhouse in the rapidly evolving AI landscape. Johnson also notes that Nvidia has substantial pricing power, contributing significantly to its margin growth. However, he points out one concern: tech giants themselves are actively pursuing projects to replicate Nvidia's chips in-house. "When all your customers are trying to invent a competitor to the product that you are selling them, you might wanna worry about that," Johnson tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Moneywise
This Houston student paid his college tuition on credit cards — even Caleb Hammer says he’s ‘never seen that’
He's created his own student loan crisis.
Reuters
FOREX-Dollar rebounds after falling on weaker US inflation, yen ticks up
The dollar found a footing on Thursday after falling sharply on Wednesday on the back of data showing a slowdown in U.S. inflation, while Japan's yen inched higher after jumping the previous day. Year-on-year core inflation - which strips out volatile food and energy prices - fell to its lowest in three years at 3.6%. Some analysts said Fed officials will want to see proof of inflation's downward path before countenancing cuts, a point made by Minneapolis Fed President Neel Kashkari on Wednesday.
Reuters
GLOBAL MARKETS-Asia rides Wall St rally, dollar sags on inflation relief
Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver two interest rate cuts this year. U.S. Treasury yields extended their retreat in Tokyo trading, sinking to six-week troughs. U.S. data on Wednesday showed the consumer price index (CPI) rose by 0.3% in April, below an expected 0.4% gain, raising hopes the Fed can cut rates by 50 basis points this year, with the first quarter-point reduction fully priced for September.

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Fed holds rates, Apple earnings, Peloton CEO: 3 Things

Latest stories

Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in

‘You guys are seriously broke’: Dave Ramsey delivers wake up call to Iowa couple making nearly $200,000

China Sells Record Sum of US Debt Amid Signs of Diversification

Norway Wealth Fund Blacklists Adani Ports Citing Ties to War

GIP, ADIA Join Khazanah’s Takeover Bid for Malaysia Airports

Man Buys Used Tesla, Discovers Horrendous Issue

Stock market's record-setting rebound may have further to go

Walmart is nabbing Target’s ‘Tar-jay’ rep and Amazon’s delivery crowd as even the wealthy flock to the retail giant

Siemens misses profit forecast as customers stick to trend of destocking

'The Dow is America's index': The journey to hitting a record 40,000 points

Investors Favor Indian Bonds After China Pushes Back on Rally

Why we care so much about the Dow, the stock market’s dumbest index

GameStop Rout Reaches $8 Billion After Plan to Sell Shares

How Long Will $300,000 Last Me in Retirement?

Michael Burry Has 42% of His Portfolio Invested in These 5 Stocks

Oil Posts Weekly Gain as Supply Outlook and Inflation Set Tone

Nvidia: One thing this strategist thinks could threaten growth

This Houston student paid his college tuition on credit cards — even Caleb Hammer says he’s ‘never seen that’

FOREX-Dollar rebounds after falling on weaker US inflation, yen ticks up

GLOBAL MARKETS-Asia rides Wall St rally, dollar sags on inflation relief