President Donald Trump suggested that he may cancel his upcoming meeting with Chinese President Xi Jinping, after Xi sent what Trump described as “hostile” letters indicating China’s plans to restrict exports of rare earth minerals.
Read More China restricts rare earth exports as Trump vows strong response, reigniting trade tensions
The S&P 500 and the Nasdaq hit intraday record highs after cooler-than-expected inflation data kept the U.S. central bank on track to cut borrowing costs this year.
Read More S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps
Renamed “Paramount Skydance Corp”, the company’s Class B shares will start trading on the Nasdaq under the ticker symbol PSKY from Thursday.
Read More Paramount closes $8 billion merger with Skydance after settling ’60 Minutes’ lawsuit
The S&P 500 and Nasdaq climbed to new record highs after Microsoft’s blockbuster earnings and investor confidence in artificial intelligence.
Read More Wall Street jumps as Microsoft enters $4 trillion club after results
The S&P 500 and the Nasdaq opened at record highs, while the Dow was on the cusp of that as optimism from a U.S.-EU trade pact set the stage for a week packed with megacap earnings.
Read More S&P, Nasdaq at record highs as US-EU trade deal sparks optimism in pivotal week
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