Market Snapshot Dow Ends Down Nearly 350 Points after Jobs Data Hawkish Fed Comments Hammer Stocks
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U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.
U.S. stocks ended mixed, with the S&P 500 eking out a gain of less than 0.1% and the Nasdaq rising 0.1%. The Dow declined 0.1%.The Wall Street Journal - World -
Better risk data should boost confidence in emerging markets
New figures show that default and recovery rates compare favourably with other debt asset classesFinancial Times - World -
India's Sensex Down 0.3%, Dragged by Bank Stocks
Indian shares were down, as uncertainty continued over tensions in the Middle East and the Fed’s policy outlook.The Wall Street Journal - World - India -
Copper’s record as a stock market and economic predictor is tarnished
‘Dr. Copper’ is practicing without a license.MarketWatch - Business -
10-year Treasury yield ends near highest levels of 2024 as Fed’s preferred inflation gauge looms
Yields on U.S. government debt finished slightly higher on Wednesday, with the benchmark 10-year rate close to 2024’s peak levels, as traders focused on the next major inflation update at the end of the week.MarketWatch - Business -
Stock-market pessimism is climbing. Why it’s still not bad enough to imply stocks hit a bottom.
Stocks could have more room to fall before they touch bottom, says Tom Essaye, founder of Sevens Report Research.MarketWatch - Business -
Fortnite Cerberus' Snapshot Quests Guide
The latest batch of Snapshot Quests has come to Fortnite, and this time you'll be aiding the good boy Cerberus in finding his so-called chew toys at various locations around the map. These challenges mention vague clues like a place where people ...GameSpot - Tech -
Pro-Palestinian students at Columbia agreed to start breaking down their encampment after the university extended a deadline for them to leave and wind down the protests.
Pro-Palestinian students at Columbia agreed to start breaking down their encampment after the university extended a deadline for them to leave and wind down the protests.The Wall Street Journal - World -
Retail investors pulled back dramatically on stock purchases in April, adding to market’s woes
Retail investors went on a tax-season buyers strike that helped exacerbate the stock-market selloff in early April, according to data from Vanda Research.MarketWatch - Business -
Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
Facebook and Instagram parent company Meta says its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platformsABC News - Tech -
Hong Kong's stock-exchange operator reported lower net profit for the second straight quarter, with poor market sentiment cutting further into trading and listing activity.
Hong Kong’s stock-exchange operator reported lower net profit for the second straight quarter, with poor market sentiment cutting further into trading and listing activity.The Wall Street Journal - World -
The 'Senior' Jobs That Require Little or No Experience
Many early-career jobs now come with inflated titles, and a loophole in the FTC’s new ban on noncompetes could lead to dubious promotionsThe Wall Street Journal - World -
Trump Media jumps more than 9% after CEO asks House GOP to probe possible DJT stock 'manipulation'
Donald Trump's media company CEO Devin Nunes wants Congress to probe possible manipulation of the company's stock.CNBC - Business - Donald Trump -
Trump Media jumps more than 9% after CEO asks House GOP to probe possible DJT stock 'manipulation'
Shares of Trump Media shot up more than 9% on Wednesday, hours after the company revealed it was urging House Republican committee leaders to investigate possible “unlawful manipulation” of its stock.NBC News - Top stories - Donald Trump -
IBM’s stock heads toward its worst day since 2021 after earnings
IBM’s earnings showed continued AI momentum, though overall revenue came in a bit light.MarketWatch - Business -
Hunt defends job cuts to increase defence spending
The chancellor says cutting services will cost "a great deal less" than allowing Russia to succeed in Ukraine.BBC News - Top stories -
‘Don’t Inject Bleach’: Biden Mocks Trump on Anniversary of Covid Comments
President Biden has homed in on the infamous moment, which crystallized the chaos of the Trump presidency, as he trolls his political opponent.The New York Times - Top stories - Joe Biden -
Colorado Bill Aims to Protect Consumer Brain Data
In a first, a Colorado law extends privacy rights to the neural data increasingly coveted by technology companies.The New York Times - Science -
Slowing Down for Poetry and Time
A London exhibition by Van Cleef & Arpels will showcase heritage pieces alongside novelties introduced at the Watches and Wonders fair.The New York Times - Lifestyle -
Klimt portrait lost for nearly 100 years auctioned for $32 million
Gustav Klimt's "Portrait of Fräulein Lieser," which went missing after its owners fled Austria after 1930, was auctioned off for $32 million.CBS News - World -
Klimt portrait lost for nearly 100 years auctioned for $32 million
Gustav Klimt's "Portrait of Fräulein Lieser," which went missing after its owners fled Austria after 1930, was auctioned off for $32 million.CBS News - Top stories -
Connor Wong homers twice, Rafael Devers connects for solo shot as Red Sox hammer Guardians 8-0
Connor Wong homered twice and Rafael Devers connected for a homer in his return to Boston’s lineup, sending the banged-up Red Sox to an 8-0 win over the Cleveland GuardiansABC News - Sports - MLB -
Jeremy Hunt defends civil service job cuts to increase defence spending
Yahoo News - World - United Kingdom -
Heat let it fly, torch Celts from deep in G2 upset
Heat caught fire Wednesday night by hitting a playoff franchise-record 23 3-pointers to even the series at 1-1.ESPN - Sports -
Acrivon Therapeutics’ shares climb 14% on plans to present cancer-test data
Shares of Acrivon Therapeutics advanced in post-market trading after the biopharmaceutical company said it would present clinical trial data in connection with a biomarker test for ovarian and endometrial cancers.MarketWatch - Business -
Gold Edges Higher Ahead of Key U.S. Economic Data
Gold edged higher in the early morning Asian session as traders await for U.S. PCE data due out Friday to monitor for further clues on the Fed’s monetary-policy trajectory.The Wall Street Journal - World -
Trump trial updates: Michael Cohen says he'll stop commenting about Trump
Follow the latest developments in former President Donald Trump's criminal hush money trial in New York.ABC News - Top stories - Donald Trump -
Why the Fed keeping rates higher for longer may not be such a bad thing
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are having a substantially negative impact on the economy.NBC News - Top stories - Federal Reserve -
Europe’s Policymakers Get Ready to Lower Rates, Regardless of the Fed
European Central Bank governors are highlighting cooler inflation as a sign the bank could cut interest rates before the Federal Reserve.The New York Times - Business - Federal Reserve -
Japan feels inflation heat from Fed’s ‘higher for longer’ shift
Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates eraFinancial Times - Business - Japan -
What the End of Negative Rates Means for Japan
The world’s fourth-largest economy is entering a new era, and there’s a lot at stake.The Wall Street Journal - World - Japan -
The Media Say Crime Is Going Down. Don't Believe It
The decline in reported crimes is a function of less reporting, not less crime.The Wall Street Journal - World -
'Do Not Use the Market as an Excuse' Says
NBC producer Kyle Scott and 'Million Dollar Listing' star Ryan Serhant just launched a new sales coaching business, Sell It, to teach the most important entrepreneurial skill--selling.Inc. - Business -
Auto & Transport Roundup: Market Talk
Gain insight on Canadian National Railway, Canadian Pacific Kansas City, North American freight-railroad traffic, and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
Energy & Utilities Roundup: Market Talk
Gain insight on Enel, Eni, Iberdrola, and more in the latest Market Talks covering Energy and Utilities.The Wall Street Journal - World -
Controversial AI photo comes to the market
UBS donates 166 photographs to DC museum; Brussels fair fights VAT hike; merged galleries open first shows in SpainFinancial Times - World -
The FTC is banning noncompete agreements. Did your job search just get easier?
The regulator voted to ban the controversial agreements that block millions of workers from going to a rival employer. Here’s what it all means for workers.MarketWatch - Business -
Shai Gilgeous-Alexander's 33 points lead Thunder past Pelicans 124-92 as OKC takes a 2-0 lead
Shai Gilgeous-Alexander scored 33 points and the Oklahoma City Thunder beat the New Orleans Pelicans 124-92 to take a 2-0 lead in their first-round Western Conference playoff seriesABC News - Sports - NBA -
U.S. Stocks Trade Lower
Stocks gave up early gains and turned lower. Tesla shares rose, helping the Nasdaq. The tech-heavy index has moved between gains and losses ahead of more big-tech earnings, including Meta due after the close.The Wall Street Journal - World -
Snorkel Flow update makes it easier to use enterprise data with Llama 3, Gemini AI
Snorkel Flow now supports on-premise and air-gapped access to foundation models, allowing for greater compliance and data security.VentureBeat - Tech