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The Fed is stuck, and so are stocks
Growth is still strong and inflation too highFinancial Times - World - Federal Reserve -
Stocks Slip, Extending April Pullback
Indexes finished a downbeat month ahead of the Fed meeting and jobs data.The Wall Street Journal - World -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business -
Reasons why the AI stock correction may be overdone
Recent sharp moves highlight the hypersensitivity of the sector to relatively benign cyclical movesFinancial Times - Business -
Nikkei Falls 0.3%, Dragged by Brokerage, Shipping Stocks
The Nikkei closed down 0.3%, dragged by brokerage and shipping stocks, as uncertainty continues over the Fed’s policy outlook due to recent signs of strong inflation.The Wall Street Journal - World -
Starbucks’ stock sinks 12% as ‘cautious’ consumers, more headwinds hit profit, revenue
Starbucks reported fiscal second-quarter earnings late Tuesday that were wide off the mark.MarketWatch - Business -
Lumen’s stock gains after beat on free cash flow
Lumen’s CEO cited “expected headwinds” in the latest quarter’s results but the company maintained its full-year outlook.MarketWatch - Business -
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 -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Cannabis stocks surge as Biden administration moves to reclassify marijuana
Stocks linked to cannabis surged on an otherwise down day for the market.CNBC - Business - Joe Biden -
Worried About a Stock-Market Correction? Here's How to Lock in Recent Gains
The best course when stocks slide is for investors to stand pat, but “put” options are one way to hedge against a drop and lock in some profits.The Wall Street Journal - World -
Donald Trump is $1.8 billion richer after getting DJT stock bonus
Trump's ownership stake in Trump Media & Technology group now stands at $5.7 billion, buoyed by a rise in the stock's price.CBS News - Top stories - Donald Trump -
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 -
Shares of two big online education stocks tank more than 10% as students use ChatGPT
Chegg and Coursera both sank more than 10% in trading Tuesday, a day after issuing disappointing guidance.CNBC - Business -
This is the level where the 10-year Treasury yield becomes a 'clear problem' for stocks, Goldman study shows
Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.CNBC - Business -
Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices and more
These are the stocks posting the largest moves in extended trading.CNBC - Business - Stock Market -
Mario Gabelli reveals his market-beating secrets and offers some favorite stock picks
The veteran investor’s recipe: Find a good business with good management, buy the stock at a reasonable price and hold long-term.MarketWatch - Business -
Amazon cloud sales growth accelerates as it prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
Amazon cloud sales growth accelerates as it 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 -
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 -
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 -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
Labour set to unveil weakened package of workers’ rights
Shadow ministers have been discussing how to tone down some of pledges in ‘New Deal’ to ease employer misgivingsFinancial Times - Business -
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Major U.S. stock indexes ended on another low note, with the S&P 500, Nasdaq and Dow shedding 1.6%, 2% and 1.5%, respectively.
Major U.S. stock indexes ended on another low note, with the S&P 500, Nasdaq and Dow shedding 1.6%, 2% and 1.5%, respectively.The Wall Street Journal - World