Relief Rally
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U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.MarketWatch - Business -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Pro-cannabis advocates in Thailand rally ahead of the government's plan to recriminalize the plant
Dozens of pro-cannabis advocates in Thailand gathered at the health ministry on Thursday to oppose the government’s plan to relist it as narcotics, two years after it was decriminalizedABC News - World -
Democrats rally against GOP Israel bill as leaders crack whip
Democrats are rallying to oppose a House GOP effort meant to expose their divisions on Israel as the party moves to align with President Biden, who has threatened to veto the measure, and their own leaders who are whipping against it. The ...The Hill - Politics - Israel -
Dow Closes Below 40000 After Hitting Milestone
The Dow Jones Industrial Average crossed 40000 for the first time before pulling back to finish the day with a loss of around 0.1%. The S&P 500 and Nasdaq Composite also retreated.The Wall Street Journal - World -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
These behavioral trends drove the GameStop and AMC meme-stock rally
The meme-stock rally that lifted shares of GameStop Corp. and AMC Entertainment Holdings Inc. this week tapped into a range of human behaviors, according to behavioral finance expert Victor Ricciardi.MarketWatch - Business -
Reddit shares surge as it strikes content deal with OpenAI
Agreement comes as competition for high-quality data to underpin AI models intensifiesFinancial Times - Business -
Gold, silver and platinum's red-hot rally still has further to go, strategists say
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it's not over yet.CNBC - Business -
Community rallies to replace a Jackie Robinson statue after it was stolen from a little league park
Jaimarius Barnes, an 11-year-old in the Wichita, Kan.-based League 42 baseball organization, planned on suiting up for games this season just feet away from a Jackie Robinson statue.NBC News - Top stories