U.S. consumer prices were unexpectedly unchanged in May, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September.
Read More US consumer prices unchanged in May; rate-cut expectations rise
Tag: Wall Street
Wall St unsettled ahead of inflation data, Fed meeting
Wall Street slipped on Monday as wary investors steered clear of risky assets ahead of a key inflation reading and a meeting of the Federal Reserve this week.
Read More Wall St unsettled ahead of inflation data, Fed meeting
Report: Paramount, Skydance Agree On $8B Merger Deal
Paramount Global and Skydance have agreed to terms on a merger between the two big entertainment companies that’s valued at $8 billion.
Read More Report: Paramount, Skydance Agree On $8B Merger Deal
AMD launches new AI chips to take on leader Nvidia
AMD unveiled its latest artificial intelligence processors and detailed its plan to develop AI chips in a bid to challenge industry leader Nvidia.
Read More AMD launches new AI chips to take on leader Nvidia
Inflation rises moderately in April, consumer spending slows
It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
Read More Inflation rises moderately in April, consumer spending slows
Nvidia set to overtake Apple as world’s second-most valuable company
Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that has ruled Wall Street for decades.
Read More Nvidia set to overtake Apple as world’s second-most valuable company