NIKKEI 225
38,409.34 +53.28 (+0.14%) HANG SENG
19,073.71 -41.35 (-0.22%) CRUDE OIL
78.57 +0.55 (+0.70%) GOLD FUTURES
2,364.70 +4.80 (+0.20%) DOW
39,558.11 +126.60 (+0.32%) Bitcoin GBP
49,146.20 -449.00 (-0.91%)
Dow Jones Industrial Average (^DJI)
- Yahoo Finance Video
Inflation to stay sticky unless employment improves: Strategist
The Producer Price Index (PPI) reading came in hotter than expected for the month of April, signaling that inflation remains stubborn. Allspring senior portfolio manager Bryant VanCronkhite joins Market Domination Overtime to discuss upcoming economic data and what the Fed needs to keep in mind to curtail inflation. Bryant VanCronkhite identifies a key challenge for the Fed: "I think inflation could stay sticky, largely because the problem here is the employment situation. Both the quality and the quantity of labor is not meeting the needs of the small businesses and large businesses and what they need to drive their businesses forward. And so unless we see that employment situation get fixed, I think inflation is going to stay a little bit sticky right now." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
- Yahoo Finance
Stock market today: Nasdaq closes at record high, meme stocks surge again ahead of inflation data
Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech.
- Yahoo Finance Video
Implications of Biden's China tariffs, meme trade: Catalysts
Catalysts Hosts Seana Smith and Madison Mills cover the latest developments in the latest meme stock trading frenzy and the Biden administration trade policies as it unveiled an array of new tariffs against China. Kicking off the show, the resurgence of the meme stock trade is in focus. Various guests, including Newton Investment Management's Chief Investment Officer and Head of Equity John Porter, The Kobeissi Letter Editor-in-Chief Adam Kobeissi, and IG North America CEO JJ Kinahan, unpack the implications of this phenomenon for investors and the broader market dynamics. Shifting gears, the show delves into notable announcements from industry titans: Comcast's (CMCSA) unveiling of a new streaming bundle, Alphabet's (GOOG, GOOGL) autonomous driving unit Waymo facing an investigation, and Uber's (UBER) potential $950 million acquisition of foodpanda's Taiwan segment take center stage. The show also tackles the Biden administration's new tariffs on Chinese imports, with Yahoo Finance Senior Columnist Rick Newman providing insights into how this move may impact the upcoming election. Former Home Depot CEO Bob Nardelli also weighs in with his comments on this administration's decision. This post was written by Angel Smith
