Fed’s Hammack calls for patience in assessing what impacts tariffs will have on the economy

Key Points

In her first broadcast interview since taking the reins at the Cleveland Fed, Hammack noted the high level of uncertainty now and did not commit to a specific course of action regarding interest rates.
A former Goldman Sachs executive, Hammack said she is sensitive to market movements but only in how they affect broader economic conditions.

Source

Finance

Stocks making the biggest moves after hours: Affirm, Coinbase, Pinterest and more

May 8, 2025

Check out the companies making headlines in extended trading. Affirm — Stock in the buy now, pay later company pulled back nearly 8%. Affirm issued fiscal fourth- quarter revenue guidance ranging between $815 million and $845 million, with a midpoint of $830 million. That’s short of the consensus estimate of $841 million, per LSEG. Pinterest […]

Finance

Stocks making the biggest moves midday: AppLovin, Carvana, MercadoLibre, Crocs and more

May 8, 2025

Check out the companies making headlines in midday trading. AppLovin — The mobile ad tech company jumped 12% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal. Carvana — Shares jumped more than 11% after the online used car marketplace posted better-than-expected […]

Finance

Stocks making the biggest moves premarket: Shopify, AppLovin, Peloton, Tapestry and more

May 8, 2025

Check out the companies making headlines in premarket trading. Shopify — Shares of the commerce technology platform dove 8.7% even after first-quarter revenue came in at $2.36 billion, beating the FactSet consensus estimate of $2.33 billion. Shopify had risen 20% over the past month, and its full year guidance set operating expenses at 39%-40% of […]