
Key Points Fed Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers should be looking to lower interest rates as early as next month. “If you’re starting to worry about the downside risk [to the] labor market, move now, don’t wait,” he said. Most Fed policymakers prefer a […]
Read MoreCheck out the companies making headlines before the bell: CarMax — Shares jumped 10% after CarMax reported first-quarter results that exceeded. Earnings of $1.38 per share on revenue of $7.55 billion exceeded an LSEG consensus of $1.16 in earnings per share and revenue of $7.52 billion. GMS — The specialty building products stock jumped 26% […]
Read MoreKey Points Pop Mart’s Hong Kong-listed shares dropped more than 5%, extending their slide from the previous session when they had slumped 5.3%. The high-flying stock is on track for its first negative week since early May — down more than 13%. Its year-to-date gains stand at over 160%. Morgan Stanley said in a note […]
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