Yen & Yellen Yank Stocks, Bonds, & The Dollar On Otherwise Quiet Day A quiet micro and macro-economic day was dominated by Treasury's refunding size estimates (which spoiled all the fun by coming in less than some hyperbolic expectations a but generally in line with expectations), and Japanese intervention the FX markets. As Goldman's trading desk noted, a quiet start to a busy week with the S&P trading within a 15 handle range (volumes -11% vs 20dma) and largely traded in a vacuum...
Gold Flowers Amid April 'Stagflation' Showers; Stocks, Bonds, & Crypto Crushed The final day of April was really ugly: ECI way hotter than expected (spooked markets), Case-Shiller home prices soared far more than expected (spooked markets more), Chicago PMI puked (while prices paid increased), Consumer Confidence crashed, and Dallas Fed Services slumped all of which left stocks, bonds, gold, crude oil, and bitcoin all languishing into month-end while the dollar rallied. Stocks...
Oil prices jumped more than 3% after reports of explosions near the Iranian city of Isfahan.
Big tech sold off in late hours after Meta Platforms Inc.’s disappointing outlook raised concern on whether the artificial-intelligence euphoria that has powered the bull market has run too far.
Pinterest (PINS) reported first quarter results that topped Street estimates on both the top and bottom lines. The company reported adjusted earnings of $0.20 per share versus a $0.14 estimate. Revenue of $740.0 million was better than the $700.3 million estimate. Pinterest reported having 518 million monthly active users compared to an estimated 503.75 million. Average revenue per user of $1.46 topped estimates of $1.39. Yahoo Finance's Julie Hyman and Josh Lipton break down the social media...
Shares of Tesla (TSLA) soared more than 15% after the EV maker secured Chinese regulators' support for its self-driving technology.
Shares of Tesla (TSLA) soared more than 15% after the EV maker secured Chinese regulators' support for its self-driving technology.
Shares of Tesla (TSLA) soared more than 15% after the EV maker secured Chinese regulators' support for its self-driving technology.
Shares of Tesla (TSLA) soared more than 15% after the EV maker secured Chinese regulators' support for its self-driving technology.
Shares of Tesla (TSLA) soared more than 15% after the EV maker secured Chinese regulators' support for its self-driving technology.
Shares of Tesla (TSLA) soared more than 15% after the EV maker secured Chinese regulators' support for its self-driving technology.
Shares of Tesla (TSLA) soared more than 15% after the EV maker secured Chinese regulators' support for its self-driving technology.