Economists are divided between a first cut in September or waiting for December. Traders in derivative markets see the Fed cutting interest rates twice starting in September.
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GameStop Corp.’s stock shed early gains to trade flat on Monday, as investors braced for the company’s annual shareholder meeting which will take place at 11.30 a.m. Eastern after it was delayed by technical issues last week.
Cannabist, the parent of Columbia Care, to shed workers as part of a plan to save $10 million.
The sole purpose of these large, lucrative business partnerships “is to avoid tax bills by moving assets from one pocket to another to generate deductions,” Deputy Treasury Secretary Wally Adeyemo said.
Steel stocks moved lower early Monday, after a crop of steel companies issued profit warnings for the second quarter, amid pressure on prices.
Headline index moves up 9.6 points, but only to negative 6 reading
The company is expected to continue benefiting from the AI boom, which has fueled demand for high-bandwidth memory products
