Traders now price in a nearly 25% chance of the Fed cutting rates in July, compared with 12.5% last week, according to CME Group’s FedWatch tool.
Read More S&P 500, Nasdaq near record highs as rate-cut bets creep up
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Wall Street: Dow Surges 500 Points And Tesla Stock Jumps Over 6%
The Dow jumped over 500 points and the Nasdaq increased 2% on Thursday as retail sales data indicated resilient consumer spending, somewhat calming fears of a possible recession.
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Trump’s 30-Day Delay Request In Hush Money Trial Granted
Donald Trump’s 30-day delay request in his ongoing hush money case has been approved.
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Air Force Probe Concludes Pentagon Leak Suspect Acted Alone, Still Reprimands 15 Others For ‘Dereliction Of Duty’
Although the U.S. Air Force concluded that Massachusetts Air National Guardsman Jack Teixeira acted alone in purportedly leaking confidential material, the field operating agency reprimanded 15 individuals for “dereliction of duty” and stated that there were circumstances that made it possible for Teixeira to carry out the crime.
Read More Air Force Probe Concludes Pentagon Leak Suspect Acted Alone, Still Reprimands 15 Others For ‘Dereliction Of Duty’