The Philadelphia Fed said Thursday its gauge of regional business activity fell to 4.5 in May from 15.5 in the prior month.
MarketWatch
Import prices post biggest increase in two years and add to U.S. inflation pressures
The cost of imported goods rose in April for the fourth month in a row and increased at the fastest pace in two years, reflecting the persistence of elevated U.S. inflation.
Money advice needed a makeover. Inside the rise of the female ‘finfluencer.’
Money gurus have rarely addressed all the ways that factors like culture, race and gender impact our financial habits. These young women built huge online platforms doing it — and proved there’s big business in taking the finger-wagging out of personal finance.
Canada Goose’s stock soars as earnings beat offsets soft guidance
Canada Goose says it will focus on expanding its core product line beyond the parka, and change its approach to marketing by investing in direct-to-consumer operations.
Walmart’s stock jumps toward a record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.
Israel economy grows 14% in first quarter after heavy Gaza war setback in 2023
Israel’s economy recovered from some of the worst effects of the war in Gaza at the start of the year, returning to growth after a heavy setback in the final months of 2023.
Here’s what Druckenmiller did as he sold Nvidia — it’s a risky bet on an unloved asset
Stanley Druckenmiler’s Duquesne Family Office, Druckenmiller made a bullish bet on small caps in the first quarter. And those stocks have been most unloved.
Deere’s stock slides after company again lowers guidance
Deere & Co. Inc.’s stock tumbled 5.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.
Leon Cooperman snaps up stakes in Singapore’s SEA Ltd and Texan outsourcer KBR
The legendary investor sold off his treasuries as he also upped his stakes in alarm system maker ADT Inc, hotel owner Las Vegas Sands Corp, and British football team Manchester United
April CPI data was ‘positive’ after recent disappointments, New York Fed president says
New York Fed President John Williams said April’s inflation data was a “positive” development after a string of disappointments, as he said the overall price trend “looks reasonably good.”