To The Moon

U.S. Q4 GDP (initial estimate): +3.3% vs. +2.0% expected and +4.9% prior.

The consumer-price index for May is out; here are the key numbers:Prices edged up 0.1% from a month earlier, compared with the 0.4% increase in April.Prices rose 4% from a year earlier, compared with the 4.9% increase in April.Core CPI rose 0.4% from a month ago and 5.3% from a year ago. Economists expected increases of 0.4% and 5.5%, respectively.The report comes ahead of the Federal Reserve's rate decision, set to be announced tomorrow. The central bank has been aggressively raising rates to bring inflation down to its 2% target.Investors like the CPI data this morning.Stock futures are rallying after the latest read, building on the market's recent gains. The tech-heavy Nasdaq, which has been racing past its peers, outperformed in recent trading.The yield on the 10-year Treasury note dr

Stocks slipped Tuesday as traders assessed the latest quarterly figures from several major companies

NEW YORK, April 6 (Reuters) - An investing strategy designed to hedge against market declines is reb

Down about 6% in the past month amid the calamity in the financial sector, SoFi $SoFi Technologies Inc.(SOFI)$ and its one-stop shop for financial services saw its recent rally to start 2023 stall as investors seemingly lost faith in any stock tied to banking.Now trading roughly 35% above its 52-week lows -- but still down 47% from its 52-week highs -- SoFi's stock appears stuck in limbo as the market worries about the company's rapidly expanding banking operations.Initially well known for its lending segment consisting of personal, student, and home loans, SoFi received a bank charter designation in 2022 and launched full speed ahead into the financial services arena. Highlighting this incredible ramp-up within its fledgling unit, the company saw

By WSJ Staff Alibaba's American depositary receipts are surging, after the Chinese tech gia

U.S. stock futures rose on Monday, after First Citizens BancShares helped calm unsettled markets by

Story HighlightsShares of large U.S. banks closed lower last week, reflecting negative investors’ sentiments.The large U.S. banks are well-capitalized and have strong liquidity. However, this didn’t stop investors from dumping their shares following the failure of SVB Financial Group (NASDAQ:SIVB).Shares of $JPMorgan Chase(JPM)$ $Citigroup(C)$ , $Bank of America(BAC)$ , and $Wells Fargo(WFC)$ closed about 7%, 7.7%, 11.4%, and 11.7% lower over the past week.The decline in prices of top banks comes despite the regulators like the U.S. Fed, Treasury Department, and Federal Deposit Insurance Corp. stepped