Dollar Stores' Stock Rally Bucks the Trend for Low-End Retailers
The stock response is unlike that of other consumer companies that tend to serve lower-income consumers.
Market News
Fed's Musalem says it's risky to bet that AI will ease inflation
St. Louis Federal Reserve President Alberto Musalem on Thursday offered a skeptical view of the expectation that artificial intelligence will reduce inflation by fueling a surge in productivity, arguing it would be a mistake for the U.S. central bank to count on that possibility by easing monetary policy.
Gaming association says states have lost $1 billion in tax revenue due to prediction markets
The American Gaming Association now estimates states have missed out on $1 billion in tax revenues due to the rise of prediction markets. President and CEO Bill Miller believes the platforms are currently not being properly regulated by the Commodity Futures Trading Commission.
Goldman's Wheeler Sees 'Generational Opportunity' in AI
Miriam Wheeler, Goldman Sachs global head of leverage finance, says investors are focused on hard assets associated with the infrastructure buildout of artificial intelligence and this is a "generational opportunity." Wheeler says power demand for data centers will double over the next few years.
First-quarter GDP chopped to 1.6%. Here's why — and what it tells us about the economy.
The U.S. economy wasn't all that great in the first three months of the year. But it wasn't terrible, either.
Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Continue to See Volatility
US indices continue to be very choppy in pre-market trading on Thursday, as the markets continue to watch the interest rate markets very closely. At this point, I remain bullish but recognize that the market have gotten ahead of themselves.
Dow slips 190 points as oil jumps, inflation data eases Fed concerns
Wall Street traded mixed on Thursday as investors weighed softer-than-expected monthly inflation data against escalating geopolitical tensions between the United States and Iran, which pushed oil prices sharply higher. The Dow Jones Industrial Average fell 194 points, or 0.37%, while the S&P 500 and Nasdaq Composite traded little changed during the session.
U.S. Jobless Claims Rose Last Week
U.S. jobless claims rose last week, a sign the labor market remains tentative amid economic uncertainty from the war in Ira
US core capital goods orders fall in April
New orders for key U.S.-manufactured capital goods unexpectedly fell in April after hefty gains in the prior months, but demand remains underpinned by an artificial intelligence spending boom.
Fed's favored inflation gauge remained elevated in April
The latest PCE inflation data was released by the Commerce Department and showed that inflation rose and remained elevated in April due in part to the Iran war's impact.
Iran War Keeps Fed's Inflation Gauge Above Inflation Target
The Fed's preferred gauge of monthly price increases grew at a slower pace in April but still remained above its preferred target rate.
Drone Stocks Jump As Trump Administration Pursues Funding Deals
The Trump administration continues efforts to bolster its drone arsenal as the Pentagon discusses potential funding deals with companies.
April Durable-Goods Orders Beats Forecasts
Orders for durable goods grew at a strong pace in April, a second consecutive monthly increase, the Commerce Department said Thursday.
Centerview's Blair Effron on state of M&A, IPO pipeline and impact of AI
Blair Effron, Centerview Partners co-founder, joins 'Squawk Box' to discuss the latest market trends, state of M&A, IPO pipeline, impact of AI, and more.
The U.S. economy grew more slowly during the first three months of the year, updated government data showed Thursday
The economy grew at a 1.6% annual rate in the first quarter, down from the initial reported pace of 2%.
Consumer spending looks strong, but higher inflation is a big reason why
Americans get less bang for their bucks
Core inflation hit an annual rate of 3.3% in April, as expected, Fed's preferred gauge shows
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
Inflation escalates to 3-year high. And it might get worse before it gets better.
The main inflation barometer preferred by Federal Reserve rose to a three-year high in April and it could rise even higher, posing a stiff challenge for households, businesses and the broader U.S. economy.
Wall Street wants the Iran war to end, but it's also the reason why it isn't ending: Amos Hochstein
Amos Hochstein, TWG Global managing partner and former Biden White House senior advisor, joins 'Squawk Box' to discuss the latest developments in the ongoing Iran conflict, state of U.S.-Iran negotiations, control over the Strait of Hormuz, and more.
Worse Than 1999
Equity valuations and market concentration in 2026 mirror the extremes of the 1999 Internet Boom, with AI driving a tech-led surge. Despite the AI revolution, the economic, fiscal, and geopolitical backdrop today is far less supportive than in 1999, raising systemic risk.
