Market Snapshot Dow Ends 700 Points Higher As Stock Market Rally Puts S&p 500 on Verge of Bear Market Exit
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Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market.CNBC - Business -
ADP says 192,000 private-sector jobs created in April. Labor market not cooling off much.
U.S. businesses created 192,000 new jobs in April, paycheck company ADP said, and more industries hired people last month in a sign of ongoing labor-market strength.MarketWatch - Business -
Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.CNN - Top stories - Federal Reserve -
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market, according to ADP.NBC News - Top stories -
How Instagram's Algorithm Tweak Could Help Small Businesses
This could be a big boost for companies that rely on social media to reach customers--it may be time to adjust your marketing plans.Inc. - Business -
Travis Kelce says Chiefs holdout was never happening, 'extremely grateful' for top-of-market deal
Kelce is now the highest-paid TE in the NFLCBS Sports - Sports -
Truth Social Co-Founder Says Trump Nearly Derailed Deal That Led to Market Windfall
Andy Litinsky, who helped start the former president’s social media company, revealed Mr. Trump’s last-minute doubts about an agreement that made them all very wealthy.The New York Times - Business - Donald Trump -
Truth Social Co-Founder Says Trump Nearly Derailed Deal That Led to Market Windfall
Andy Litinsky, who helped start the former president’s social media company, revealed Mr. Trump’s last-minute doubts about an agreement that made them all very wealthy.The New York Times - Top stories - Donald Trump -
A U.S. ban on Russian uranium could shape nuclear fuel markets for ‘years to come’
A ban on U.S. imports of Russian uranium is set to shake up the market for nuclear power, and lift prices for the nuclear fuel which has been tight on supplies.MarketWatch - Business - Russia -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
S&P 500 Slips After Fed Keeps Rates Steady
Treasury yields inched down but are still up sharply for the year.The Wall Street Journal - World - Federal Reserve -
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.CNBC - Business -
Ten of 11 S&P 500 sectors suffer their worst month in 2024. Here’s what comes next.
U.S. stocks closed out their worst month of 2024, with ten out of the S&P 500 index’s 11 sectors posting their biggest monthly percentage decline this year.MarketWatch - Business -
An S&P 500 correction, or a possible meltdown in Asian currencies, could be brewing. Here’s why.
Our call of the day from TS Lombard flags worrying signs on the labor market, and Asian currencies that need things to go just right for the U.S. economy.MarketWatch - Business -
Wendy’s stock jumps as burger chain points to successes in advertising
Wendy’s Co. shares rose 3.5% Thursday after the burger chain’s first-quarter adjusted earnings beat analysts’ estimates, despite the spending pressure that some consumers are experiencing.MarketWatch - Business -
Here's a point-by-point rundown on why we're buying more of 3 portfolio stocks
With this trade, we are upgrading LIN and TJX to a 1 rating and reiterating our 1 rating on SWK shares.CNBC - Business -
Pinterest Stock Jumps on Higher Revenue, Narrower Loss
Pinterest shares jumped after the social-media platform reported higher quarterly revenue and a narrower loss.The Wall Street Journal - World -
Cannabis stocks rally after report that DEA will reclassify drug as less dangerous
Cannabis stocks were up sharply on Tuesday on a report by the Associated Press that the U.S. Drug Enforcement Administration is poised to propose moving cannabis to a Schedule III controlled substance.MarketWatch - Business -
Cannabis stocks pull back after rallying on DEA’s plans to reclassify marijuana
Canopy Growth Corp., Tilray Brands Inc. and Curaleaf Holdings Inc. were among cannabis stocks that were sliding into the red on Wednesday, a day after news of the federal government’s plans to reclassify marijuana.MarketWatch - Business -
Carvana’s stock rallies more than 30% on surprise profit for used-car retailer
Shares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of bankruptcy.MarketWatch - Business -
Carvana’s high-yield bonds are rallying along with stock after surprise profit
As Carvana Co.’s stock soared 35% on Thursday after the used-car retailer swung to a surprise profit, investors were also snapping up the company’s high-yield bonds, which were seeing net buying after the news.MarketWatch - Business -
Pinterest’s stock soars 17% on big revenue and profit beat, 500 million monthly active users
Pinterest Inc.’s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates.MarketWatch - Business -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
Elon Musk fires Tesla’s entire supercharger team
Electric-car maker’s public policy unit also being disbanded as chief announces in memo hundreds more jobs to be cutFinancial Times - Business - Elon Musk -
Wayfair’s stock jumps after retailer narrows loss, says quarter ended ‘on an upswing’
For the first time since before the onset of the COVID-19 pandemic, Wayfair is “seeing suppliers introducing large groups of new products into their catalogs,” the company said.MarketWatch - Business -
More than 700 people arrive by small boats in a day
A total of 711 people were detected crossing the English Channel on Wednesday.BBC News - Top stories -
WATCH: Little bears spotted in California’s Big Bear Valley
Two little bears and one big mama bear were spotted outside a home in Big Bear Lake, California.ABC News - Top stories - California -
Flatiron Software unveils Snapshot Reviews, an AI tool for analyzing developer code and performance
Flatiron unveils Snapshot Reviews, an AI-powered tool that analyzes developer code and performance, providing engineering leaders with insights to optimize their teams.VentureBeat - Tech -
What triggered Noel Quinn’s shock exit from HSBC
Chair Mark Tucker secured a third chance to choose the chief executive of Europe’s largest bankFinancial Times - Business -
Red Bull confirm exit of design chief Newey
Red Bull confirm their design chief Adrian Newey will leave the team in 2025.BBC News - Top stories -
The Everton crisis explained: how did it get to this point?
Owner Farhad Moshiri once said the club were ‘robust’ enough to fund stadium but now they need working capital injections. At Everton’s annual general meeting in January 2019, the owner, Farhad Moshiri, made a dramatic promise.. Speaking about the ...The Guardian - World -
Donald Trump rallies supporters in crucial battleground states
For the first time since his New York criminal trial got underway, former President Donald Trump returned to campaigning on Wednesday, this time in Michigan and Wisconsin, which are two crucial battleground states in the 2024 election. On the ...CBS News - Top stories - Donald Trump -
Donald Trump rallies supporters in crucial battleground states
For the first time since his New York criminal trial got underway, former President Donald Trump returned to campaigning on Wednesday, this time in Michigan and Wisconsin, which are two crucial battleground states in the 2024 election. On the ...CBS News - Politics - Donald Trump -
Getir, a Rapid Grocery-Delivery Service, Exits the U.S. and Europe
The company had expanded quickly to keep ahead of rivals, but like other pandemic darlings, its business lost steam after lockdowns were eased.The New York Times - Business -
Jeff Zucker Abandons Telegraph Bid, Putting London Paper Back Into Play
RedBird IMI said it had withdrawn its attempt to acquire the storied newspaper after a revolt from Conservative Party leaders.The New York Times - Business -
‘Not going to answer that’: LeBron James quiet on future after Lakers’ playoff exit
Nuggets eliminate Lakers from postseason once againJames will discuss future with friends and familyOklahoma City sweep New Orleans to advanceThe futures of LeBron James and Darvin Ham with the Los Angeles Lakers are murky after their first-round ...The Guardian - World - NBA -
LeBron, Ham face uncertain future after G5 exit
LeBron James said he is undecided on his NBA future following the Lakers' season-ending 108-106 loss to the Nuggets in Game 5 of their first-round playoff series on Monday night.ESPN - Sports -
New Nutrition Guidelines Put Less Sugar and Salt on the Menu for School Meals
The Agriculture Department finalized a new rule to bring the meals more in line with federal dietary standards.The New York Times - Health -
Man Utd executives to depart as Ratcliffe puts his stamp on club
Patrick Stewart and Cliff Baty leaving ‘by mutual consent’ prior to arrival of Omar Berrada from rivals Manchester CityFinancial Times - Business -
First-Quarter Exits Boost Carlyle Distributable Earnings, But Revenue Falls
The firm saw one of its flagship funds become ineligible, at least temporarily, for carried interest.The Wall Street Journal - World