Finance
Here’s the inflation breakdown for May 2025 — in one chart
Key Points The consumer price index rose 2.4% on an annual basis in May 2025, up from 2.3% in April, according to the Bureau of Labor Statistics. Inflation trends are largely encouraging under the surface, and roughly back to the Federal Reserve’s target level, economists said. However, President Trump’s tariff policy is likely to cause […]
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Stocks making the biggest moves premarket: Tesla, Dave & Buster’s, GameStop, GitLab and more
Check out the companies making headlines in premarket trading. GameStop — Shares of the video game retailer slipped 4%. GameStop posted first-quarter revenue of $732.4 million, down from the $881.8 million figure seen in the same period a year prior. Tesla — The electric vehicle maker rose 1.7%, on track for its fourth straight winning […]
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China-U.S. agree on framework to implement Geneva trade consensus after second day of London talks
Key Points The U.S. and China have reached consensus on trade, representatives from both sides said after high-level talks in London, according to an NBC transcript. The negotiators will now seek approval on the framework from the U.S. and Chinese presidents, before implementing it. The talks follow a breakthrough trade agreement reached in mid-May that […]
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DoubleLine’s Gundlach says to buy international stocks on the dollar’s ‘secular decline’
Jeffrey Gundlach speaking at the 2019 Sohn Conference in New York on May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that international stocks will continue to outshine U.S. equities on the back of what he believes to be the dollar’s secular downtrend. “I think the trade is to not own U.S. […]
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Why BlackRock’s smallest deal of 2024 may end up being its most consequential
BlackRock CEO Larry Fink has sent a clear message to investors: The world’s largest asset manager’s smallest acquisition last year could end up its most consequential. During an industry conference in March, the long-time executive said BlackRock’s $3.2 billion purchase of alternatives asset data provider Preqin — its smallest of the four deals announced in […]
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Stocks making the biggest moves midday: Topgolf Callaway, Insmed, J.M. Smucker, SolarEdge & more
Check out the companies making the biggest moves midday: Topgolf Callaway Brands — The stock popped 5%, adding to its nearly 15% surge in the previous session. Topgolf got a boost on Monday after a director disclosed the purchase of additional shares. Insmed – Shares surged more than 26% after the global biopharmaceutical company announced […]
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Stocks making the biggest moves premarket: J.M. Smucker, Taiwan Semiconductor, Tesla and more
Check out the companies making headlines before the bell. Insmed – Shares surged more than 26%. The global biopharmaceutical company announced positive results Tuesday from a Phase 2b study of treprostinil palmitil inhalation powder, a once-daily treatment for pulmonary arterial hypertension. J.M. Smucker – The food company’s stock pulled back about 8% after its fourth-quarter […]
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As GOP weighs Obamacare cuts, the party’s constituents are more likely to use marketplace coverage, poll finds
Key Points More Republicans than Democrats get health insurance through the Affordable Care Act marketplace, according to a poll by KFF. The GOP-controlled House of Representatives passed a massive tax and spending bill in May that makes substantial cuts to health programs for the ACA, also known as Obamacare. Millions of people are expected to […]
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Stocks making the biggest moves midday: Warner Bros. Discovery, TopGolf Callaway, EchoStar, Apple & more
Check out the companies making the biggest moves midday: Warner Bros. Discovery – Shares jumped 7% after Warner said it will split into two publicly traded companies by next year. One company will host WBD’s streaming services and movie properties, while the other will include its cable networks such as CNN and TNT Sports. Universal […]
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Walmart is using its own fintech firm to provide credit cards after dumping Capital One
Key Points Walmart’s majority-owned fintech startup OnePay said Monday that it was launching a pair of new credit cards for customers of the world’s biggest retailer. To do so, OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the fall, the companies […]
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