Walmart and Target are slashing prices — what does that mean for inflation? Plus, why OpenAI should fear a Scarlett Johansson lawsuit.
May 23, 2024
Strong spending may be masking a tale of two Americas. Plus, Jamie Dimon prepares for his eventual departure from JPMorgan Chase.
US stock futures are slipping lower. Major markets in Europe are also down in morning trade. Stocks in Asia were mixed.
May 22, 2024
Why the deficit is suddenly a hot topic again. Plus, Trump Media lost more than $300 million last quarter.
US stock futures are little changed. Major markets in Europe are edging lower, reversing positive momentum seen earlier this week. Stocks in Asia also closed lower.
May 21, 2024
Will the Fed lower interest rates or not this fall? That’s the billion dollar question. Plus, character actors at Disney vote to unionize.
US stock futures are edging higher. Most major markets in Europe are also up in morning trade. Stocks in Asia closed with gains.
May 20, 2024
Biden’s tariffs on Chinese imports are boosting these beaten-down stocks. Plus, damaging hacks expose the weak underbelly of America’s health care system.
US stock futures are flat. In Europe, most major indexes are down in morning trade. But in Asia, news of an "historic" effort by Beijing to rescue the country's crisis-ridden property sector gave Chinese stocks a lift.
May 17, 2024
These AI plays are red hot, and none of them belong to the Magnificent Seven. Plus, US inflation slowed in April, providing a glimmer of hope for weary Americans.
US stock futures are edging higher. Markets in Europe are mostly weaker. Asian markets ended up. China property stocks got a boost from hopes for a resolution of the country's real estate crisis.
May 16, 2024
The pandemic has changed the way Americans think about retirement. Plus, more Americans are becoming financially overextended — especially on their credit cards.
US stock futures are treading water ahead of key US consumer price inflation data for April. Markets in Europe are mostly higher, while in Asia the key indexes ended with a mix of gains and losses.
May 15, 2024
Gen Z has recovered from the 2020 recession, and quickly. Plus, meme stocks are back.
US stock futures are little changed. Markets in Europe are mixed, while Chinese stocks missed out on an otherwise positive session in Asia.
May 14, 2024
The next few years will be critical in defining the shape of the AI revolution — economist and former dean of Columbia Business School Glenn Hubbard is worried. Plus, Apple workers head toward the picket line.
US stock futures are ticking higher. Markets in Europe are drifting in morning trade, while Asia had a mixed session.
May 13, 2024
Plus, the US Treasury launches "Project Fortress," an alliance with banks against hackers. US stock futures are rising. In Europe, markets are higher in morning trade. Asian stocks also ended the week with gains, although the Shenzhen Composite index fell back Friday.
May 10, 2024