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Joe Biden - Donald Trump - Michael Tyler - Brian Schwartz - Biden slams Trump as he touts record-high Dow crossing 40,000 - cnbc.com - city New York - New York

Biden slams Trump as he touts record-high Dow crossing 40,000

President Joe Biden's campaign ripped presumptive Republican nominee Donald Trump after the Dow Jones Industrial Average hit a record 40,000 on Thursday. "Toughest news yet for the one guy in America rooting for the economy to crash because he thinks it'll help him politically," said Michael Tyler, Biden's campaign communication director. "Donald Trump promised the stock market would crash if Joe Biden was elected. Instead, Joe Biden has broken economic reco

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Joe Biden - Donald Trump - Rebecca Picciotto - Biden cheers cooling inflation ahead of key Fed interest rate decision - cnbc.com

Biden cheers cooling inflation ahead of key Fed interest rate decision

President Joe Biden on Wednesday took a victory lap on the latest inflation report, which found that consumer prices did not rise in May over their April levels, marking the first time since 2022 that U.S. month over month inflation has remained flat. "Prices are still too high, but today's report shows welcome progress on lowering inflation," Biden said in a statement. The other good news for consumers from the federal Bureau of Labor Statistics report was that the annual rate of inflation fell to 3.3% in May, down from 3.4% in April and 3.5% in March. The numbers also came in cooler than economists had expecte

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Joe Biden - Donald Trump - Josephine Rozzelle - Biden touts 'great American comeback' after better-than-expected May jobs report - cnbc.com - Usa - China - city Milwaukee

Biden touts 'great American comeback' after better-than-expected May jobs report

President Joe Biden touted the far better-than-expected May jobs report, boasting about "the great American comeback" and calling out Congressional Republicans' economic plan in a statement on Friday. The U.S. economy added 272,000 nonfarm payrolls in May, according to the U.S. Department of Labor, well ahead of the Dow Jones consensus estimate of 190,000. The unemployment rate rose from 3.9% to 4% at the same time, and the labor force participation rate decreased slightly to 62.5%. "The great American comeback continues, but we still have to make more progress," Biden said. "On my watch, 15.6 million more American

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Joe Biden - Donald Trump - Jacob Pramuk - 5 things to know before the stock market opens Monday - cnbc.com

5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day: The stock market's rip higher took a break last week. All three of the major U.S. averages dipped from their lofty highs. The Dow Jones Industrial Average fell 0.9% in its worst week since October, whi

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Donald Trump - Nikki Haley - Jacob Pramuk - Action - 5 things to know before the stock market opens Monday - cnbc.com - state South Carolina

5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day: The week ahead will tell whether the Federal Reserve can damper investor enthusiasm. A rally fueled in large part by blowout Nvidia earnings pushed the S&P 500, Dow Jones Industrial Average and Nasdaq all to 52-week highs on Friday. Stocks surged to end the week even as more Fed policymakers indicated they will move slowly to cut interest rates, as inflation eases but remains more stubborn than the central bank would have hoped. The Fed's preferred inflation measure, the personal consumption expenditures pri

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Dow tumbles 500 points, posts worst day since March 2023 after hot inflation report - nbcnews.com

Dow tumbles 500 points, posts worst day since March 2023 after hot inflation report

Stocks dropped on Tuesday after hotter-than-expected inflation data for January spiked Treasury yields and raised doubts that the Federal Reserve would be able to cut rates several times this year, a key part of the bull case for the equity market.

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S&P 500 closes above 5,000 for first time ever, notches fifth straight winning week - nbcnews.com

S&P 500 closes above 5,000 for first time ever, notches fifth straight winning week

Stocks rose on Friday after December’s revised inflation reading came in lower than first reported, and the S&P 500 closed above 5,000 level as strong earnings and economic news chugged on.

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5 things to know before the stock market opens Thursday - cnbc.com - New York

5 things to know before the stock market opens Thursday

Here are the most important news items that investors need to start their trading day: A stronger-than-expected earnings season is driving U.S. stocks to new highs. The broad-based S&P 500 index rose about 0.8% on Wednesday, settling just below 5,000 to notch a record close. The Nasdaq Composite and Dow Jones Industrial Average both rose, as well. Walt Disney shares jumped in premarket trading Thursday as the media titan posted the type of results seen

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