US added 175,000 jobs in April, Apple’s stock rallies on earnings: Yahoo Finance

INSIDER
It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes
China has been pushing for businesses to leave the door open for customers to use cash, with foreigner visitors saying they're struggling to spend.
Insider Monkey
Michael Burry Is Selling These Stocks in 2024
Over the past few years, Michael Burry has gained more media attention with his recession warnings and market crash “predictions” than he did for accurately foreseeing the 2008 financial crisis. But his persistent warnings about recession and market crashes never realized, denting his reputation as an expert and hedge fund manager. Were Michael Burry’s Recession […]
Fortune
AI chip giant Nvidia is about to report first-quarter earnings: Here’s what Wall Street expects as growth looks set to cool
Analysts see Nvidia's earnings per share soaring 474% to $5.22, with revenue up 241% to $24.5 billion.
CNN Business
Why Jay Powell really wants to lower interest rates this September
Markets rallied to new record highs last week after inflation cooled, stoking hopes that the Federal Reserve could start cutting interest rates as soon as September.
AFP News
Nasdaq and gold hit record highs
The Nasdaq hit a fresh record Monday as leading bourses mostly rose, while gold also scored a new all-time high as the shock death of Iranian President Ebrahim Raisi helped bolster the haven investment."Gold and copper have hit record highs, (and) silver jumped to an 11-year high... after the death of Iran's president in a helicopter crash," noted Neil Wilson, chief market analyst at Finalto trading group.
Barrons.com
Tesla Stock Hit by China Woes, Particularly Earnings From Li Auto
The fall in Tesla shares on Monday came after Chinese electric-vehicle maker Li Auto posted weaker-than-expected earnings.
The Edge Singapore
Mapletree Logistics Trust logged highest retail net inflows among S-REITs in 1Q2024
MPACT and Keppel DC REIT, at second and third place, were neck and neck at $54.6 million and $54.3 million respectively.
Bloomberg
Japan’s rich will invest US$1.4 trillion more by 2030, report says
Mega-wealthy Japanese will contribute to a more than 30% surge in the value of assets they invest by the end of the decade as cash-heavy households deploy more in markets, according to an analysis by Morgan Stanley.
Benzinga
Jim Cramer Destroys New Starbucks CEO In Heated Interview, Says He Was "Stunned" As Its Former CEO Admits a "Fall From Grace"
Despite a strong start to the year for stock markets, investors in Starbucks (NASDAQ:SBUX) have been left bitterly disappointed with its shares down by approximately 20% at the time of this writing. After the earnings miss, Laxman Narasimhan, the new CEO of Starbucks, appeared on Jim Cramer's Mad Money to try and explain both the results and the company's path forward. Don't Miss: Startup behind ‘the #1 free contractor app' grows 162% YoY, opens its doors for investors at a $100 minimum. Invest
Reuters
Oil sheds $1 as Fed interest rate outlook stokes demand fears
Oil prices dropped by more than $1 on Tuesday, extending losses on investor expectations that lingering U.S. inflation could keep interest rates higher for longer, depressing consumer and industrial demand. Brent crude futures fell by $1.08, or 1.3%, to $82.63 a barrel by 1037 GMT. Both benchmarks fell by nearly 1% on Monday after U.S. Federal Reserve officials said they were awaiting more signs of slowing inflation before considering interest rate cuts.
Reuters
Nvidia earnings could spark $200 billion swing in shares, options show
Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia's options are primed for an 8.7% swing in either direction by Friday, according to data from options analytics firm Trade Alert. While massive by most measures, that implied move would fall far short of the 16.4% jump Nvidia’s shares notched after the company’s most recent quarterly earnings report.
Zacks
New Strong Sell Stocks for May 20th
BABA, ASGN and BGS have been added to the Zacks Rank #5 (Strong Sell) List on May 20, 2024.
Reuters
Fed's Barr: Inflation data 'disappointing,' tight policy needs more time
U.S. inflation data through the first months of 2024 has been "disappointing," Fed vice chair for supervision Michael Barr said on Monday, leaving the central bank short of the evidence it needs to ease monetary policy. "We will need to allow our restrictive policy some further time to continue its work," Barr said, reinforcing the Fed's overarching message that rate cuts, highly anticipated by markets, are on hold until it is clear inflation will return to the Fed's 2% target.
INSIDER
Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.
Truth Social earned $770,500 from advertising, according to the earnings report, which is down from $1.1 million the same time last year.
Reuters
Nasdaq hits record, S&P ticks higher with Nvidia results eyed
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday. Investors will look for evidence in Nvidia's earnings that the AI chip leader can maintain its explosive growth and stay ahead of rivals.
Zacks
If You Invested $1000 in ServiceNow a Decade Ago, This is How Much It'd Be Worth Now
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
Yahoo Finance
Wall Street's biggest bear flips, raises S&P 500 price target by 20%
Morgan Stanley chief investment officer Mike Wilson believes an improving growth outlook and an earnings rebound will drive the S&P 500 higher over the next year.
The Telegraph
Britain’s inflation problem could be killed off this week
Most of the time the flurry of economic statistics amounts to so much sound and fury, signifying nothing. But this week could be different. Wednesday’s inflation data could be a game-changer.
Reuters
Dollar edges higher as investors await Fed guidance
NEW YORK (Reuters) -The dollar edged up against the euro on Monday as investors awaited further clues on the path of U.S. interest rates in the wake of cautious comments from Federal Reserve officials, even as inflation showed signs of cooling. Federal Reserve officials are not ready to say inflation is heading to the U.S. central bank's 2% target after data last week showed a welcome easing in consumer price pressures in April, with several on Monday calling for continued policy caution. Atlanta Fed President Raphael Bostic said on Monday it will take a while for the Federal Reserve to be confident that inflation is on track back to its goal.
GOBankingRates
10 Ways the Middle Class Can Save for Retirement and Pay for Rising Costs
Retirement comes with many expenses, including healthcare, long-term care, housing, food, transportation and entertainment -- to name a few. As someone in the middle class, if your goal is to maintain...

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US added 175,000 jobs in April, Apple’s stock rallies on earnings: Yahoo Finance

Latest stories

It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes

Michael Burry Is Selling These Stocks in 2024

AI chip giant Nvidia is about to report first-quarter earnings: Here’s what Wall Street expects as growth looks set to cool

Why Jay Powell really wants to lower interest rates this September

Nasdaq and gold hit record highs

Tesla Stock Hit by China Woes, Particularly Earnings From Li Auto

Mapletree Logistics Trust logged highest retail net inflows among S-REITs in 1Q2024

Japan’s rich will invest US$1.4 trillion more by 2030, report says

Jim Cramer Destroys New Starbucks CEO In Heated Interview, Says He Was "Stunned" As Its Former CEO Admits a "Fall From Grace"

Oil sheds $1 as Fed interest rate outlook stokes demand fears

Nvidia earnings could spark $200 billion swing in shares, options show

New Strong Sell Stocks for May 20th

Fed's Barr: Inflation data 'disappointing,' tight policy needs more time

Trump Media lost $327 million last quarter. It's still valued at more than $6 billion.

Nasdaq hits record, S&P ticks higher with Nvidia results eyed

If You Invested $1000 in ServiceNow a Decade Ago, This is How Much It'd Be Worth Now

Wall Street's biggest bear flips, raises S&P 500 price target by 20%

Britain’s inflation problem could be killed off this week

Dollar edges higher as investors await Fed guidance

10 Ways the Middle Class Can Save for Retirement and Pay for Rising Costs