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(Bloomberg) — U.S. equities rose and government bonds held around the lowest level since March as investors assessed data that showed consumer prices rose more than forecast last month. The S&P 500 was trading around its all-time high as all the main American equity indexes advanced. The tech-heavy Nasdaq 100 was headed toward its highest level since late April as megacap technology stocks rallied. The 10-year Treasury yield eased back below 1.5% following an initial surge in the wake of the… Source link

Salesforce (CRM) CEO Marc Benioff says the software giant’s upcoming $27.7 billion acquisition of messaging app Slack Technologies (WORK) will help the cloud company become “a key leader in the future of work.” “We’re going to rebuild all of our technology, once again, to become Slack-first to help our customers have a harness to work in this new world — where you’re working at home; you’re working in the office; you’re working at events; you’re working anywhere. Well, if you’re going to be… Source link

U.S. states saw the fewest new unemployment claims since March 2020 last week, with initial filings down for a sixth straight week as economic activity picked up further.  The Department of Labor released its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended June 5: 376,000 vs. 370,000 expected and an unrevised 385,000 last week  Continuing claims,… Source link

TipRanks Coinbase: There’s a New Bear in Town It’s hard to tell in which direction the cryptocurrency space is heading. There has been a lot of bearish sentiment recently, and momentum has seemingly stalled. Nevertheless, the recent news that Bitcoin has been adopted as legal tender in El Salvador is big news and could be the catalyst for the bull market to resume. Which should be good news for the various companies operating in the crypto ecosystem, not least, the leading exchange… Source link

(Bloomberg) — Bitcoin’s recent bounce has yet to dispel doubts about its vulnerability following a rout in May. The cryptocurrency has jumped about 14% over two days and was trading at $38,295 as of 11:05 a.m. in London on Thursday. While the momentum may cheer bulls, a JPMorgan Chase & Co. team said backwardation in a part of the futures market — where the spot price is above futures prices — is reason for caution. “We believe that the return to backwardation in recent weeks has been a… Source link

The App is Back! Don’t forget to download the NBC Sports EDGE app to receive real-time player news, mobile alerts and track your favorite players. Plus, now you can check out articles and player cards. Get it here! The Mets absolutely teed off on Matt Harvey and the Orioles on Wednesday in Baltimore. The day after Pete Alonso had his first multi-homer game of the season, Billy McKinney and Kevin Pillar joined in with two homers themselves. Facing an old familiar face in Harvey, Alonso got… Source link

UNIONDALE, N.Y. — For the second time in two weeks, fans inside Nassau Coliseum watched their team close out a playoff series. The Islanders eliminated the Bruins in Game 6 Wednesday with a 6-2 victory. They will now play the Tampa Bay Lightning in the Stanley Cup Semifinals for the second consecutive postseason. Brock Nelson scored twice and Kyle Palmieri netted his seventh of the playoffs during a second period that spun the game in New York’s favor. The Islanders pounced on three… Source link

There’s never a right person to hit in the knee with a baseball bat on an MLB field, but a person you definitely don’t want to hit is the reigning American League MVP. And yet, we got what happened during Wednesday’s Chicago White Sox game, which saw a brief scare when home plate umpire Erich Bacchus attempted to clear away a bat before a play at the plate. Unfortunately, Bacchus tossed the bat without seeing White Sox star Jose Abreu running behind him: Abreu, who had been on deck for the… Source link

Stock futures opened slightly higher Wednesday evening as traders looked ahead to a key print on consumer price changes, which will help elucidate the path forward for monetary policymakers during the recovery coming out of the pandemic.  Contracts on the S&P 500 rose slightly. During the regular session, the index came within 1 point of its recent all-time high, but ultimately failed to set a new record. Dow and Nasdaq futures were also higher in the after-hours session.  Shares of GameStop… Source link

Reuters Warren: U.S. government needs to confront crypto threats ‘head on’ U.S. Senator Elizabeth Warren on Wednesday called on U.S. policymakers to directly tackle issues presented by the growing use of cryptocurrency, while saying a Federal Reserve-backed digital currency shows “great promise.” Democrat Warren, a prominent Wall Street critic and consumer advocate, said cryptocurrency’s promise of boosting everyday Americans has failed to materialize, and instead the government must act to… Source link