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 upTag: S&P 500
UnitedHealth tumbles as criminal probe report adds to investor fears
UnitedHealth Group shares plunged 16% to hit a five-year low after the Wall Street Journal reported that the DOJ was investigating the company for potential Medicare fraud.
Read More UnitedHealth tumbles as criminal probe report adds to investor fearsNasdaq leads gains on Wall Street as Microsoft, Meta surge
Wall Street’s main indexes advanced on Thursday as strong quarterly results from heavyweights Microsoft and Meta pointed to a resilient outlook for the technology sector.
Read More Nasdaq leads gains on Wall Street as Microsoft, Meta surgeCorporate America boosts security spending after UnitedHealth murder, filings show
U.S. corporations’ security spending is set to rise further in 2025 as more companies see heightened threats to their top brass.
Read More Corporate America boosts security spending after UnitedHealth murder, filings showWall Street Posts Biggest Single-Day Gain Since 2008 Following Trump’s Surprise Tariff Reversal
U.S. stocks jumped significantly on Wednesday after President Donald Trump announced a 90-day delay in tariffs for countries that hadn’t imposed reciprocal tariffs.
Read More Wall Street Posts Biggest Single-Day Gain Since 2008 Following Trump’s Surprise Tariff ReversalTrump Unveils 90-Day Tariff Pause For Most Nations, Boosts Tariffs On China To 125%
On Wednesday, President Donald Trump announced his plan to enact reciprocal tariffs will be paused for 90 days in order to negotiate trade with dozens of countries. However, China will not be included in the pause due to a “lack of respect.”
Read More Trump Unveils 90-Day Tariff Pause For Most Nations, Boosts Tariffs On China To 125%