Investors are facing volatile markets as inflationary pressures build. ‘A surge in prices could put the Fed’s new average inflation-targeting framework to the test,’ says JPMorgan’s David Kelly.
‘We have all longed for this moment when we can get back to some sense of normalcy,’ CDC director Rochelle Walensky said. But we are still far, far away from normal
Two of the world’s most prominent billionaires Tesla Inc.’s CEO Elon Musk and Jack Dorsey are facing off over the merits of bitcoin, with the future of the world’s No. 1 crypto likely hanging in the balance.
American companies began to rethink their requirements for face masks after federal health regulators relaxed their guidelines this week, and on Friday Walmart Inc. made the first big move to bend to the new view.
Cisco Systems Inc. stands to benefit from a thawing in enterprise spending as more businesses resume projects that got postponed because of the COVID-19 pandemic, and that will likely put more focus on the company’s outlook.
Not all companies are following the CDC guidelines. The grocery store chain Kroger said Friday it ‘continues to require everyone in our stores to wear masks’
Dogecoin will likely transition from a proof-of-work protocol to proof-of-stake, speculated Alex Mashinsky, the chief executive and founder of The Celsius Network on Friday during a webcast hosted by his lending platform on YouTube.
U.S. stocks closed higher Friday as investors took a weaker-than-expected reading of April retail sales in stride, shaking off a tumultuous week that has been marked by growing inflation fears. But the sharp gains weren’t weren’t large enough to reverse weekly losses.
Long-dated U.S. government bond yields slip on Friday for a second straight session but end slightly higher for the week, as investors weighed the path of inflation and a batch of economic data to end the week, including a weaker-than-expected reading of April retail sales.
Despite differing outcomes, shares of GameStop and AMC Entertainment were moving in almost perfect sync on Friday as the two most popular meme stocks experienced very similar choppy trading one day after both experienced major surges.
Shares of AMC Entertainment Holdings Inc. surged Friday to a sixth straight gain, which is the longest win streak in nearly two years, as Wall Street’s lone bull got a little more bullish after the movie theater operator completed its latest stock sale program.
U.S. stock indexes rise early Friday as investors take a weaker-than-expected reading of April retail sales in stride, after a tumultuous week that has been marked by growing inflation fears.