Markets

May consumer inflation expected fiery hot as gas, food and rent rose

May consumer inflation expected fiery hot as gas, food and rent rose

Economists expect inflation in May continued to burn white hot, with energy, food, rent and health-care costs all rising. According to Dow Jones, economists expect the consumer price index rose 0.7%, up from 0.3% in April. On a year-over-year basis, that would work out to an 8.3% rate, the same pace as April. The ICC …

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5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures essentially flat following Wednesday’s declines Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters US stock futures were essentially flat Thursday, as …

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Elon Musk says offering is '3 or 4 years' away

Elon Musk says offering is ‘3 or 4 years’ away

SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company’s facility in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline …

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5 things to know before the stock market opens Tuesday, June 7

5 things to know before the stock market opens Tuesday, June 7

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to open lower as bond yields remain high Traders work on the floor of the NYSE, June 6, 2022. Source: NYSE US stock futures dropped Tuesday, with elevated bond yields playing spoiler again. Sentiment …

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Private survey on Chinese services sector activity in May

Private survey on Chinese services sector activity in May

SINGAPORE — Shares in Asia-Pacific were mixed on Monday, with Chinese stocks leading gains regionally as tech stocks in Hong Kong surged. Hong Kong’s broader Hang Seng index closed 2.71% higher at 21,653.90. Shares of Chinese tech firms in Hong Kong soared following a Wall Street Journal report that regulators in China are concluding probes …

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How to Survive the Tech Downturn, According to a Venture Capital Investor

How to Survive the Tech Downturn, According to a Venture Capital Investor

Venture capitalists at Lux Capital have some bad news. The outlook for the technology sector is likely to get worse—much worse. Lux Capital’s co-founders Josh Wolfe and Peter Hébert tell Barron’s that a wide swath of investment firms and portfolio companies aren’t likely to survive the downturn. “In the same way tech led the excess …

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Turning Point Therapeutics, Lululemon, HR and others

Turning Point Therapeutics, Lululemon, HR and others

Check out the companies making headlines before the bell: Turning Point Therapeutics (TPTX) – The biopharmaceutical company’s shares more than doubled in premarket trading after agreeing to be acquired by Bristol Myers Squibb (BMY) for $76 per share in cash, or $4.1 billion. Turning Point specializes in cancer treatments. Lululemon (LULU) – Lululemon shares rose …

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UST debacle will 'probably be the end' of algorithmic stablecoins

UST debacle will ‘probably be the end’ of algorithmic stablecoins

Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, dropped to $0. The collapse of the algorithmic stablecoin TerraUSD has raised question about the future survival of similar crypto assets. Dan Kitwood | Getty Images News | Getty Images Algorithmic stablecoins like terraUSD, which collapsed and sent shockwaves through the cryptocurrency market, are unlikely to survive, …

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How Russia could try to get around the European Union's oil sanctions

How Russia could try to get around the European Union’s oil sanctions

The EU’s partial embargo covers Russian oil brought into the bloc by sea, with an exemption carved out for imports delivered by pipeline following opposition from Hungary. Attila Kisbenedek | dpa | Getty Images Moscow could respond to European sanctions on Russian oil by seeking other buyers for its crude or cutting production to keep …

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