US Consumer Price Index (CPI) rose 3.5% year-over-year, below the expected 3.8%, with core inflation at 2.6%. Monthly prices fell 0.4%, marking the largest monthly decline and the first negative monthly print since the 2020 pandemic. This easing inflation data lifted major US stock indexes, with Nasdaq up 0.90%, S&P 500 up 0.38%, and Dow slightly positive at 0.02%. Cryptocurrencies also gained, with Bitcoin rising over 3% and briefly nearing $65,000, while Ethereum climbed to around $1,900. Gold prices reversed sharply, closing up 1.33% after the inflation report. The data suggests a potential cooling in inflation pressures, which could influence future monetary policy decisions.
Intel recently sold $20 billion worth of its stock at $95 per share. Since the sale, the stock price has dropped and is now trading below $93. This decline means investors who bought at the offering price are facing immediate losses. The price moveme...
Masayoshi Son holds 67% of SoftBank's U.S. stock portfolio in Intel shares. Despite this large stake, SoftBank did not purchase any additional Intel shares in the last quarter. This suggests a pause or cautious approach in expanding their investment ...
Joseph Devivo, CEO of Butterfly Network, sold 68,346 shares of the company. Insider sales like this can indicate personal financial decisions or strategic moves regarding the company's stock. Investors often watch such transactions closely as they ma...
Chip stocks declined this week not because of any industry-specific news but due to the 30-year Treasury yield reaching its highest level in 19 years. Rising long-term yields often pressure growth stocks like chipmakers, as higher rates increase borr...
President Trump announced a 90-day tariff relief allowing up to 300,000 metric tons of ground beef imports to enter the US without tariffs, aiming to reduce soaring beef prices caused by the smallest cattle herd in 75 years. The imported beef will be...
