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Stocks Lose Momentum After Wall Street Rally: Markets Wrap

Stocks Lose Momentum After Wall Street Rally: Markets Wrap

(Bloomberg) — Stocks struggled to maintain momentum in the wake of another record-breaking session on Wall Street, as a rally in Europe took a breather despite dovish comments from policy makers. Most Read from Bloomberg Futures on the S&P 500 and Nasdaq 100 were little changed after the indexes clocked up gains of more than 1% in the wake of an inflation reading that did little to alter traders’ conviction that the Federal Reserve will shift to cutting interest rates this year. Treasury… Source link

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Lara Trump’s Boast About Her Father-In-Law Prompts A Brutal Reminder

Lara Trump’s Boast About Her Father-In-Law Prompts A Brutal Reminder

Lara Trump, who is Donald Trump’s daughter-in-law and the new co-chair of the Republican National Committee, on Tuesday raised eyebrows with her claim about life in America under her father-in-law in 2020. “People look around and they say, ‘Am I better off now than I was four years ago?’” she said on Fox News. “The answer to that is, ‘No,’” claimed Lara Trump, who is married to the former president’s son Eric Trump. “You can compare very easily how much better your life… Source link

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Report: Patriots to sign QB Jacoby Brissett

Report: Patriots to sign QB Jacoby Brissett

Report: Patriots to sign QB Jacoby Brissett originally appeared on NBC Sports Boston The New England Patriots reportedly will welcome an old friend back into their quarterback room for 2024. Jacoby Brissett is set to rejoin the team that drafted him back in 2016, according to ESPN’s Jeremy Fowler. NFL Media’s Ian Rapoport reports it’s a one-year, $8 million contract for the 31-year-old signal-caller. Brissett spent last season as Sam Howell‘s backup in Washington. In three appearances, he… Source link

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Kawhi Leonard exits Clippers game, and the arena, with thoracic spasms

Kawhi Leonard exits Clippers game, and the arena, with thoracic spasms

Kawhi Leonard has dealt with injuries throughout his Clippers career. (Photo by Patrick McDermott/Getty Images) The Los Angeles Clippers are holding their breath on Kawhi Leonard. The six-time All-Star exited Tuesday’s game with what the team called thoracic spasms, per ESPN’s Ohm Youngmisuk. Leonard did not play at all in the second quarter against the Minnesota Timberwolves and was seen walking away from the Clippers locker room in street clothes. He was later reported to have left Crypto.com… Source link

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NFL 2024 free agency and trade roundup: Fantasy football impact of offseason’s biggest moves

NFL 2024 free agency and trade roundup: Fantasy football impact of offseason’s biggest moves

The NFL news cycle is in full swing with free agency and trade news coming fast and furious. What does it mean for fantasy football in 2024? Matt Harmon breaks down the key signings, deals and speculation by position to help you sort through it all. You can also follow all of the latest developments with Yahoo Sports’ NFL free agency tracker. Quarterbacks Falcons go all-in for Kirk Cousins The Falcons did what they had to do to get this done. Atlanta was too good last year to land one of the top… Source link

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US stocks march higher after CPI surprise

US stocks march higher after CPI surprise

A hotter-than-expected February inflation print was largely driven by two components: shelter and gas. The shelter index rose 5.7% on an unadjusted annual basis and 0.4% month over month, a deceleration from January’s 6% annual increase and 0.6% monthly rise. Sticky shelter inflation is largely to blame for higher core inflation readings, according to economists. The index for rent and owners’ equivalent rent (OER) rose 0.5% and 0.4% on a monthly basis, respectively. Owners’ equivalent rent is… Source link

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Consumer prices rise more than forecast as inflation pressures persist

Consumer prices rise more than forecast as inflation pressures persist

Inflation pressures remained persistent in February as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.2% over the prior year in February, slightly higher than January’s 0.3% month-over-month increase and 3.1% annual gain. Both measures roughly matched economist forecasts of a 0.4% month-over-month increase and a 3.1% annual increase, according to… Source link

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Election risk arrives for the ‘Magnificent 7’ trade: Morning Brief

Election risk arrives for the ‘Magnificent 7’ trade: Morning Brief

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: On Monday morning, former President Donald Trump said in an interview, “I consider Facebook to be an enemy of the people.” On Monday, Meta Platforms (META) stock fell 4%. Meta’s decline outpaced the 0.4% drop seen in the tech-heavy Nasdaq to start the week and served as perhaps the first reminder to investors riding the “Magnificent Seven” trade that election risk matters to… Source link

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Bitcoin Hovers Near All-Time Peak as Crypto Draws Record Inflows

Bitcoin Hovers Near All-Time Peak as Crypto Draws Record Inflows

(Bloomberg) — Bitcoin is sustaining a record-breaking run, lifted by the unprecedented amounts of capital flowing into crypto products as well as a looming reduction in the digital token’s supply growth. Most Read from Bloomberg The original cryptocurrency reached an all-time peak of almost $72,881 on Monday and was trading at $72,220 as of 7:15 a.m. in London on Tuesday. A record $2.7 billion flowed into crypto assets last week, according to a report from CoinShares international Ltd.,… Source link

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