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Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
SpaceX's index inclusion, SK Hynix's Nasdaq debut and Alphabet's Dow addition over the next two weeks could inject fresh momentum, but AI capex skepticism and stagflation risks linger beneath the surface.
Markets sold off Wednesday as Iran's attacks on Kuwait shattered ceasefire hopes, while oil surged past $95 on prolonged supply disruption fears.
US officials warned of military and economic escalation, enforcing restrictions on shipping near Iranian ports, while oil rebounded and equities slipped modestly amid uncertainty surrounding enforcement measures and a disappointing economic report.
The year-over-year CPI rate was at 3.8%, accelerating from the 3.3% rate in March, and a touch hotter than the 3.7% rate expected by economists.
Germany’s producer prices rose on a monthly basis driven by surging energy costs, while annual decline narrowed, with heating oil leading gains.
S&P 500 and Dow futures point higher in early trade; oil volatile on Hormuz risk while gold eases and the dollar flat ahead of the 8:30 a.m. retail sales print.
Services led April payroll gains while pay growth held steady, signaling a resilient but cooling labor market.
The central bank clarified that “the implications of the war for medium-term inflation and economic activity will depend on the intensity and duration of the energy price shock and the scale of its indirect and second-round effects.”
The spike in March CPI was attributed almost entirely to the gasoline prices, which jumped 21.2% following a mere 0.8% increase in February.
Gold pauses after huge 2025 rally as stronger dollar, rising real yields and Fed pause expectations curb safe-haven demand despite Iran war.
U.S. payrolls unexpectedly fell in February, unemployment ticked up and wage growth stayed firm, confounding the policy path for the Fed.
The private service-providing sector added 113,000 jobs, thanks to robust gains in healthcare and social assistance (+53,900), transportation and warehousing (+30,300) and retail trade (+21,800).