General News
Latest news from around the World.
A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public
Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth's heat, raised $1.9 billion in an initial public offering.
...keep reeding on nytimes.com
Is inflation heading to 6%? Probably not — but it will get worse before it gets better.
In the dark recesses of the economy, price pressures are bubbling up and foretelling another wave of inflation. Is inflation really heading to 5% or 6% again like during the bad days of the pandemic?
...keep reeding on marketwatch.com
US grocery prices soared in April — but gas spikes weren't the only reason why
Prices for food eaten at home rose 2.9% in April compared to the same month a year earlier, according to government figures released Tuesday.
...keep reeding on nypost.com
Fmr. CEA Chair Jared Bernstein on if there's a 'potential persistence problem' with inflation
Jared Bernstein, former CEA chair, joins 'Money Movers' to discuss recent economic data, how the Fed might look at these trends, and more.
...keep reeding on youtube.com
Is inflation is putting the AI rally at risk?
Is inflation is putting the AI rally at risk?
...keep reeding on youtube.com
One of the Stock Market's Biggest Bulls Sees a Historic Rally Coming
Stocks could be set for the strongest five-year rally since the dot-com era.
...keep reeding on barrons.com
Fed's Collins Says She Could Envision the Need for Rate Hikes
Boston Federal Reserve President Susan Collins said she envisions a prolonged stretch of steady interest rates, and could envision a scenario that requires some policy tightening to ensure inflation returns to the central bank's 2% target.
...keep reeding on wsj.com
10-year Treasury yield hits new high for the year after very hot producer prices reading
Treasury yields climbed after a hotter-than-expected reading on the producer price index.
...keep reeding on cnbc.com
Read the internal memo from LinkedIn's CEO on layoffs and 'scaling back investments'
LinkedIn is laying off employees and "scaling back" other investments, an internal memo shows. Affected employees should have been notified this morning.
...keep reeding on businessinsider.com
Most US adults say finances in good shape but job worries tick up, Fed survey shows
Nearly three-quarters of U.S. adults last year continued to rate their personal finances as being in reasonable shape, although they remained concerned about inflation and their worries about job security ticked up, an annual Federal Reserve survey released on Wednesday showed.
...keep reeding on reuters.com
Nasdaq Index: AI Momentum Keeps Stock Market Stable Despite Hot PPI
Nasdaq holds firm on AI momentum as rising yields, hot PPI data and elevated oil prices pressure the Dow Jones and broader stock market.
...keep reeding on fxempire.com
Wholesale inflation surges 6% — biggest increase since 2022: ‘Alarm bells at the Fed'
All the numbers were much higher than economists had expected and it alters the dynamic at the Fed and its fight against inflation.
...keep reeding on nypost.com
NY Fed defeats Puerto Rican bank's appeal tied to Venezuela-related cutoff
The Federal Reserve Bank of New York on Wednesday defeated an appeal by a Puerto Rican lender whose access to the U.S. central banking system was cut off in a crackdown on lenders with links to Venezuela.
...keep reeding on reuters.com
Tech investor Dan Niles predicts AI stocks will crash by 30% to 50% in 2027
Dan Niles predicted AI stocks could tumble as much as 50% after the boom peaks in early 2027. The tech investor said agentic AI will fuel the rally before triggering a reset across markets.
...keep reeding on businessinsider.com
KG Analyzes PPI, NVDA & SOX Rally, Agriculture Movers Amid Trump's China Visit
The big question Kevin Green has from Wednesday's hot PPI print: how long can Americans shoulder the burden of energy's inflation impact before demand destruction takes hold? In equities, KG has his eyes on the PHLX Semiconductor Index (SOX) as chips move higher at a slowing speed.
...keep reeding on youtube.com
Solar to surpass coal in Texas power generation in 2026, EIA says
Annual electric power generation from utility-scale solar will surpass that from coal for the first time in 2026 within the electricity grid, the U.S. Energy Information Administration said in its latest Short-Term Energy Outlook on Wednesday.
...keep reeding on reuters.com
Market Brief: Will The SpaceX IPO Pop The U.S. Stock Bubble?
The S&P 500 just crossed 7,400 for the first time, AI memory names have multiplied severalfold in months, and the most anticipated IPO of the cycle is approaching. Beneath the surface, the options market is flashing two opposite signals at once.
...keep reeding on seekingalpha.com
Europe falling short on replacing Middle East jet fuel imports, IEA says
Europe's supply of jet fuel from the Middle East plummeted in April and the region is falling short on replacing those flows, the International Energy Agency said on Wednesday.
...keep reeding on reuters.com
Tariff Refunds Begin to Reach Businesses as Trump Lashes Out at Court
The government must return about $160 billion, plus interest, collected from duties deemed illegal and potentially more if it loses a related tariff case.
...keep reeding on nytimes.com
Chips Startup Fractile Raises $220 Million to Speed Up AI Queries
Factorial Funds, Accel and Peter Thiel's Founders Fund invested in the company.
...keep reeding on wsj.com