Consumer prices rose 0.6% in April over the previous month, according to data released by the Bureau of Labor Statistics on Tuesday morning, in line with expectations and below March’s 0.9% increase. The inflation measure rose 3.8% year over year, exceeding expectations of 3.7% and March’s 3.3% reading. April’s year-over-year increase is the largest such jump since…
The story of Flex (FLEX) is suddenly looking very intriguing amid current AI infrastructure hype. FLEX stock saw a rally of 5% on May 5 and a 40% gain on May 6 following its recent earnings results and impressive fiscal 2027 guidance, as well as plans to spin off its Cloud and Power Infrastructure division….
By David Shepardson WASHINGTON, May 11 (Reuters) – Chinese wireless device manufacturer Quectel Wireless Solutions sued the Pentagon on Monday over its inclusion in a U.S. list of companies allegedly aiding Beijing’s military. The Pentagon added Quectel in January to a list of companies it says work with China’s military. However, Quectel strongly denied the…
Retirement often comes with a mix of relief and uncertainty, and sometimes, the uncertainty has nothing to do with the retiree. Imagine David, a 62-year-old in Columbus, Ohio, whose wife Linda (also 62) just marked 30 years at the same manufacturing company. She’s two months from retirement. She has a defined benefit pension — a…
We’ve heard the drumbeat growing louder and louder by the day… Every boss, every CEO, every talking head on CNBC is shouting the same thing: “AI is coming for your job!” Maybe that’s true for some… But when it comes to trading, the most recent data proves (once again) that AI-based trading algorithms are nothing…
Nymex West Texas Intermediate (WTI) crude oil (CLM26) prices on April 30 hit a high of $110.93 a barrel amid the closure of the Strait of Hurmuz that is choking off the global supply of oil. Crude oil is viewed as the leader of the raw commodity sector and its rising tide lifted many other…
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Millionaires and financial influencers love to hand out money advice. But not all of it holds up — and in some cases, following it could actually hurt your finances. Take Suze Orman’s claim that skipping coffee could potentially make…
UOB Private Bank has named Paul Zhou as its new market head for Greater China, as part of a broader push to scale its presence in the region. Zhou took on the new responsibility on 11 May 2026. In his new capacity, Zhou is tasked with leading the strategic development and expansion of the bank’s…
The price of crude oil futures settled at $98.07, up $2.65 or 2.78% on the day. Looking at the hourly chart, the low price today reached $96.13, briefly pushing below the rising 100-hour moving average, currently at $96.96 (blue line on the chart below). However, sellers were unable to sustain momentum below that key support…
The NZDUSD moved lower during the Asian-Pacific session in sympathy with the broader US dollar strength. However, each dip toward the rising 100-hour moving average attracted willing buyers, with the pair bouncing on several separate tests of that key support level. The inability to break below the 100-hour moving average helped give buyers the green…
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