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Cleveland Fed President Beth Hammack expects rates on hold for an extended period amid geopolitical uncertainty. Meanwhile, CD rates rose 6 basis points to 3.71% as banks compete for deposits.
Federal Reserve Bank of Cleveland President Beth Hammack dissented over language signaling a future rate cut, expecting rates on hold for 'quite some time' as inflation exceeds 2% target for over five years.
Kevin Warsh's nomination to replace Jerome Powell as Fed Chair advances, raising concerns over rate cuts amid U.S.-backed war with Iran. S&P 500 trades at 20.9 times forward earnings, above the 10-year average of 18.9.
Kevin Warsh's nomination to replace Jerome Powell as Fed Chair raises concerns over rate cuts, while the S&P 500's forward P/E of 20.9x exceeds its 10-year average of 18.9x, signaling vulnerability to higher rates.
Probability of a Fed rate hike in 2026 rose from 0% to 10% after Powell's press conference, driven by inflation risks from the Iran war and oil spike. JPMorgan flags a key bond yield turning positive for first time since
Chancellor Reeves plans to break the link between gas and electricity prices, aiming to lower consumer bills. The move could reshape the UK energy market.
Kevin Warsh's nomination to replace Jerome Powell as Fed Chair advances, with the S&P 500 trading at 20.9 times forward earnings above its 10-year average of 18.9. Elevated inflation risks from geopolitical tensions coul
Disney reported $25.17 billion in quarterly revenue, beating expectations, as streaming operating income jumped 88% to $582 million. Shares rose 7% in early trading.
US debt held by the public reached $31.27 trillion in March 2026, surpassing GDP of $31.22 trillion. Fitch Ratings warns of a possible downgrade from AA+ as the One Big Beautiful Bill Act adds $4.7 trillion to debt.
Shopify reported Q1 revenue of $3.17B, beating estimates, but shares fell 9% as Q2 guidance signals growth deceleration to high-twenties. GMV surpassed $100B for the first time.
The Federal Reserve kept rates unchanged at its April 2026 meeting, while swaps pricing indicates a >50% probability of a rate hike by April 2027. Despite inflation concerns, the S&P 500 rose 1.12% to 7,340.62.
The S&P 500 closed at a fresh all-time high of 7,209.01, buoyed by strong earnings from Apple and Alphabet. Meta Platforms dropped 8.6% on capex concerns, while oil prices fell amid Iran negotiations.
OPEC+ will raise output by 188,000 bpd in June, but the Strait of Hormuz closure keeps Brent near $108, up 78% in 2026. J.P. Morgan warns of $150 if disruption persists.
The Federal Reserve kept interest rates steady at 3.5%-3.75% with an 8-4 vote, the most dissents since 1992. Kevin Warsh is expected to become the next Fed chair as Jerome Powell remains a governor.
The Supreme Court struck down IEEPA tariffs in February 2026, triggering $166 billion in refunds. Small businesses, which paid $306,000 on average, face hurdles navigating the new CAPE portal launched April 20.
Shell acquires ARC Resources for $16.4 billion, adding 370,000 boe/d from the Montney shale. The deal strengthens Shell's position for LNG Canada Phase 2 expansion.
In his first annual meeting as CEO, Greg Abel ruled out breaking up Berkshire Hathaway or divesting subsidiaries. The conglomerate's cash pile is nearly $400 billion, providing unique investment opportunities.
Alphabet and Meta raised 2026 AI capex guidance to $180-190B and $125-145B respectively. Google Cloud revenue surged 63% to $20B, while Meta stock dropped 6% after hours.
Nonfarm payrolls rose by 177,000 in April, exceeding expectations, while the unemployment rate held at 4.2%. However, March payrolls were revised down sharply, and tariff uncertainty clouds the outlook.
Real GDP rose at a 2.0% annualized rate in Q1 2026, below the 2.3% consensus, while core PCE inflation jumped to 4.3%, complicating Fed policy.
The Senate Banking Committee voted 13-11 along party lines to advance Kevin Warsh's Fed chair nomination, the first fully partisan committee vote on a Fed chief in U.S. history, with four FOMC dissents signaling the policy battles ahead.
Brent crude briefly touched $125 a barrel on renewed U.S.-Iran conflict fears, while core PCE inflation hit 3.2% and GDP grew a softer-than-expected 2%, stoking stagflation concerns. The Fed held rates at 3.5%-3.75% in its most divided vote since 1992.
Apple reported Q2 2026 revenue of $111.2 billion, up 17%, beating estimates. iPhone sales of $56.99B slightly missed, while services hit a record $30.98B. Board authorized $100B buyback.
Visa reported fiscal Q2 2026 earnings with revenue up 17% year over year to $11.2 billion and EPS up 20%, while announcing an additional $20 billion in stock buybacks.