As of 12.20, the S&P 500 (SNPINDEX:^GSPC) had fallen 1.60% to 7,463.24, the Nasdaq Composite (NASDAQINDEX:^IXIC) slid 2.65% to 26,122.36, and the Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.74% to 51,182.31 as a hot jobs report drove a risk-off sentiment. Market movers Artificial intelligence (AI) and chip bellwethers led declines this morning as Nvidia (NASDAQ:NVDA),…
The trust fund for Social Security retirement benefits continues to face a funding shortfall and, without action, will become insolvent by 2032 — less than seven years from now. But a new report shows just how much could be shaved off your check, depending on where you live. Social Security provides retirement benefits for 63…
Friday’s hot jobs report for May shines the light on another key surprise: The consumer is hanging tough despite higher prices for gas and food. “Good jobs report, good print. And it matches what we have been seeing over the last 12 months or so. Consistent consumer spending in the United States and around the…
Moving is expensive, especially if you’re moving across the country. Most financial experts would advise against dipping into your retirement savings to fund a move. But this might not be an option, especially if you’re still young and have no plans to retire soon. In a hypothetical example, Ashley is a 31-year-old who just got…
Summary The Bureau of Labor Statistics (BLS) released the Employment Situation for May. The U.S. added 172,000 non-farm jobs, helped by strength in leisure and hospitality; local government; and the stalwart Healthcare sector. Employment in financial activities declined. Our forecast was for an increase of 125,000 new jobs in May, while the consensus was 85,000….
June S&P 500 E-Mini futures (ESM26) are down -0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.88% this morning as investors continue to pull back from the AI trade, while cautiously awaiting the key U.S. jobs report. Chip stocks extended their declines in pre-market trading after Broadcom’s AI-chip sales forecast missed expectations, fueling concerns…
June 5 (Reuters) – Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand. According to LSEG Lipper data, global equity funds attracted a net $21.44 billion during the week, the…
By Toby Sterling AMSTERDAM, June 5 (Reuters) – The CEO of top European tech firm ASML on Friday welcomed most proposals made by the EU Commission this week to improve Europe’s tech sovereignty but cautioned against plans for its involvement in steering or monitoring “strategic projects” eligible for state aid. Such projects “fundamentally need to…
Amid a fire hose of financial forecasts and guidance from endless talking heads, CEOs, social media personalities and others, more and more industry watchers are pointing to telltale signs that the stock market’s bull run can’t last much longer. One of these is Michael Hartnett, managing director and chief investment strategist at the Bank of…
Tulsa, Oklahoma-based ONEOK, Inc. (OKE) operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. The company has a market capitalization of $54.7 billion and operates through Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude segments. Companies with…
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