Stocks fell at the open Tuesday as the 10-year Treasury yield spiked following retail sales data and bank earnings, raising concerns over more rate hikes. Investors are also keeping an eye on tensions in the Middle East and its potential effect on global markets.
Share:
More In Business
Robinhood's $200M Bitstamp Buy: Crypto Ambitions Soar Higher
Robinhood's largest-ever $200m acquisition of Bitstamp accelerates its crypto expansion, challenging Binance and Coinbase.
The Case for Zero Rate Cuts in 2024 – And Why That’s a Good Thing
Barron’s latest cover story suggests the data will not support the Fed cutting rates this year. That means the economy is working.
Class-Action Lawsuit Against NFL by ‘Sunday Ticket’ Subscribers Begins
The suit alleges the NFL broke antitrust laws when it allowed DirecTV to exclusively sell the “Sunday Ticket” package of out-of-market Sunday games.
US Antitrust Enforcers to Investigate Leading AI Companies
U.S. antitrust enforcers have decided to investigate the roles Microsoft, Nvidia and OpenAI have played in the artificial intelligence boom.
Hey Siri: Tell Me What to Expect From Apple’s Developers Conference
Siri updates, new iPhones, and a whole lot of artificial intelligence – here’s a breakdown ahead of Apple’s Worldwide Developers Conference.
The Fed Could Still Cut Rates in 2024 – Despite Those Jobs Numbers
The U.S. economy added 272,000 jobs in May, far more than expected. But that number doesn't tell the whole story. Interest rate cuts could still be on the way.
Tight On Cash? How To Get Your Paycheck Early
Earnin CMO joins Cheddar to discuss the company's business model and how it allows workers to gain access to their paychecks before payday. Watch!
May Jobs Report Predicts Booming Summer Job Market for Teens & Grads
The May 2024 Jobs Report predicts a strong summer job market, supported by a resilient labor market, rising job postings, and low jobless claims.
Big Business This Week: Trillion-Dollar Chips and Billion-Dollar Dunks
The AI boom is heating up worldwide competition, the NBA is cashing in, and short-selling is (surprise!) risky. Plus, who are this week's Usual Suspects?
