May hedge fund returns: Steve Cohen's Point72 leads the way among the industry's biggest names
Steve Cohen's $50.7 billion Point72 continued its strong 2026 in May. Big-name managers, including Millennium and Balyasny, mostly performed well in May.
Market News
These Growth Stocks Are Ripe For a Short Squeeze
Stocks keep going on and snagging record highs left and right, thanks to parabolic semiconductors.
A software engineer created a 90-day AI course to help workers across departments build the tech they want
Flexport trains its staff to use AI so they can customize automated workflows. The VP of engineering at the freight-forwarding company shared how the upskilling course works.
Trump amends steel, aluminum, and copper tariffs, offering farmers some relief
President Donald Trump on Monday adjusted tariffs on some steel, aluminum, and copper imports, lowering some tariffs on farming equipment and extending the lower rate to other equipment.
SPY: AI And Inflation Are Now Feeding Each Other
The U.S.-Iran war is pushing into its fourth month, and markets don't mind one bit. The impact of the Strait of Hormuz being halted is not loud enough yet and we expect reaction to only come with a visible representation of the impact on inflation.
Trump Administration Fights Court Order to Refund Some Tariffs
The administration has paid back some of the money, but has signaled it may make it harder for certain businesses to claim some of the billions owed.
U.S. Regulators Probing Former Rep. George Santos for Insider Trading
Prediction market Kalshi referred Santos's suspected trading in a contract that referenced his own appearance at the State of the Union.
Opinion | The Market Has Spoken: E15 Is a Net Positive
We know securing nationwide, year-round access will lower prices at the pump.
Leveraged ETF assets double in two months as investors press AI bet
Investors turn to ETFs linked to AI and Tech, with exposures in the U.S. and Korea/Taiwan doubling in just two months
Sellers are pulling homes off the market at the fastest pace since 2020
Nationwide, 5.8% of all home listings were pulled off the market in April, according to Redfin. Delistings were up 3.8% compared with March.
US crude stocks fall on strong export, refining demand, EIA says, as U.S.-Israel war on Iran continues
U.S. crude stocks fell on strong export and refining demand as the U.S.-Israel war on Iran entered its fourth month, while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.
US factory orders post biggest gain in 11 months in April
New orders for U.S. factory goods posted their biggest increase in nearly a year in April amid strong demand for commercial aircraft and a range of other goods.
Iran conflict hasn't slowed the economy, but rising inflation coaxes business to freeze hiring
The largest part of the economy grew faster in May even as businesses had to cope with the worst inflation in several years, but it came at a cost to jobseekers. Many companies have adopted temporary hiring freezes to offset their own rising costs.
U.S. Services-Sector Activity Continued to Expand in May
The Institute for Supply Management's purchasing managers index for services providers was 54.5 compared with 53.6 in April.
What Wall Street is watching in terms of what Washington needs to get done this summer
Veda Partners' Henrietta Treyz and CNBC's Emily Wilkins discuss the big items Congress has on its agenda, including a potential war powers resolution, and the small amount of time lawmakers have to get something done before the summer recess.
I'm 73 and living 100% off dividends from my stocks. How can I create even more income?
A “bulletproof” portfolio may be impossible, but you can try to get close if you have enough money invested
US FDA to review AI-based tool to predict drug-related liver damage
The U.S. FDA's Center for Drug Evaluation and Research said on Wednesday it has accepted a letter of intent for an artificial intelligence-based drug development tool designed to help predict drug-induced liver injury.
Bitcoin trails stocks by most since 2019 as traders get their kicks elsewhere
Bitcoin hasn't had this cold a winter in seven years.
Treasury Yields Rise as ADP Jobs Data Beats Forecast
Treasurys sold off, sending yields higher, as the Middle East conflict escalated and the U.S. job market strengthened.
Small Businesses Boosted Private Sector Employment Last Month—These Industries Added The Most Jobs
Small businesses once again accounted for most of the private sector's stronger-than-expected growth last month, according to a report from the payroll processing firm ADP, as further data points to a stable market despite a slowdown in total employment.
