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☆ GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
▼ + stars: | 2024-04-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Consumer spending increased 2.5% in the period, down from a 3.3% gain in the fourth quarter and below the 3% Wall Street estimate. Net exports subtracted 0.86 percentage point from the growth rate while consumer spending contributed 1.68 percentage points. Excluding food and energy, core PCE prices rose at a 3.7% rate, both well above the Fed's 2% target. Income adjusted for taxes and inflation rose 1.1% for the period, down from 2%. Services spending increased 4%, its highest quarterly level since Q3 of 2021.

Persons: Dow Jones, Jeffrey Roach Organizations: Gross, department's, Analysis, Commerce Department, Federal, Dow Jones, Treasury, Federal Reserve, LPL, Labor Department

☆ Who could buy TikTok?
▼ + stars: | 2024-04-25 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

Still, the company is under such close scrutiny that it would be a poor candidate to buy TikTok, experts say. If you were to tell me it’s Verizon, or AT&T, maybe it’s not as big of a problem.”Jasmine Enberg, principal analyst at Emarketer, highlighted a paradox: Only the largest, most dominant tech giants may have the resources to buy TikTok. Microsoft had been one of the handful of contenders to buy TikTok in 2020 when President Donald Trump first pushed for a sale. A former Trump Cabinet official enters the frayIn a move that caught many by surprise, former Trump Treasury Secretary Steven Mnuchin announced last month that he is putting together a team of investors to buy TikTok. As with Mnuchin, O’Leary has said a potential acquisition of TikTok may have to exclude TikTok’s algorithm.

Persons: Joe Biden, There’s, ”, Gene Kimmelman, Jasmine Enberg, ” Enberg, TikTok’s, Donald Trump, TikTok, Steven Mnuchin, Mnuchin, ” Oregon Democratic Sen, Ron Wyden, Trump, who’ve, Kevin O’Leary, O’Leary Organizations: CNN, Facebook, Google, Meta, Federal Trade Commission, FTC, Department, YouTube, Microsoft, Intel, Cisco, Verizon, Emarketer, Activision Blizzard, Walmart, Oracle, Project Texas, Texas, Trump Cabinet, Trump Treasury, Trump, ” Oregon Democratic, Washington Post, O’Leary Ventures Locations: United States, TikTok, ” Oregon

☆ EU raids offices of Chinese security equipment maker in subsidy probe
▼ + stars: | 2024-04-24 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +4 min

London CNN —European Union officials have raided the offices of a Chinese company as part of a probe into subsidies, exposing rising tensions between the bloc and one of its biggest trading partners. The European Commission said Tuesday that it carried out “unannounced inspections” at the premises of a company making and selling security equipment in Europe, which it suspects may have benefited unduly from state subsidies. “The commission has indications that the inspected company may have received foreign subsidies that could distort the (EU’s) internal market,” the EU’s executive body said in a statement on its website. The China Chamber of Commerce to the EU said Wednesday that it had been informed that a Chinese company was the target of the investigation. The Foreign Subsidies Regulation, which came into force last July, is aimed at addressing market distortions caused by subsidies from foreign governments and ensuring that EU companies are competing on a level playing field.

Persons: “, ”, ” Ursula von der Leyen, Janet Yellen Organizations: London CNN — European Union, European Commission, China Chamber of Commerce, EU, CNN Locations: Europe, Poland, Netherlands, Romania, China, Puglia, Italy, United States, Beijing

The top US diplomat landed in Shanghai where he is expected to meet local officials and business leaders, and he will then travel to Beijing for meetings with senior Chinese officials. “We are in a different place than we were a year ago when the bilateral relationship was at an historic low point,” a senior State Department official said. “Russia is no longer kind of on its back foot,” a second senior State Department official said. Blinken will make the case that China should weigh in “more directly” with Iran to be less provocative in the region, the second senior State Department official said. “In both cases the Chinese have taken some early steps,” said the second senior State Department official, adding that there is still “much more” that needs to be done on both fronts.

Persons: Antony Blinken, Joe Biden, Xi Jinping, Janet Yellen, Biden, Xi, ”, “, ” Blinken, Matthew Miller, Leah Millis, China’s, ” Xi, Blinken, ” Miller, it’s, Mark Swidan, Kai Li, David Lin Organizations: CNN, State Department, Ukraine, US, Foreign Ministry, of, People, Biden, Chinese Foreign Ministry, ASEAN, Association of Southeast Asian Nations, Beijing, Party, Taiwan, Communist, Taiwan Relations, White Locations: China, Ukraine, Shanghai, Beijing, California, Russia, Moscow, Italy, “ Russia, ”, Europe, United States, South China, Philippine, Washington, Philippines, South, Taiwan, Taiwan Strait, East, Iran

☆ The US and China are engaging more. But that doesn't mean they trust each other more, an analyst said.
▼ + stars: | 2024-04-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

US and China's engagements don't mean they trust each other more, said Eurasia Group's Ian Bremmer. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But just because they're talking more doesn't mean that they actually trust each other more, an analyst said on Wednesday. Earlier this month, Treasury Secretary Janet Yellen visited China, seeking cooperation in areas beneficial to both countries. Advertisement"It's always better to have more engagement, more conversations — especially when you don't trust each other," Bremmer said.

Persons: Ian Bremmer, —, Joe Biden, Xi Jinping, there's, Bremmer, Janet Yellen, Lloyd Austin, State Anthony Blinken, William Lai — Organizations: Service, Eurasia Group, Bloomberg, APEC, Defense, State Locations: Eurasia, Ian Bremmer . Washington, China, Taiwan, San Francisco, US, Washington, Taiwan —, Beijing

☆ I want a higher Treasury yield going out further, says Jim Cramer
▼ + stars: | 2024-04-24 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI want a higher Treasury yield going out further, says Jim Cramer'Mad Money' host Jim Cramer takes a closer look at today's market action and the impact of bonds.

Persons: Jim Cramer

☆ Solar manufacturers petition U.S. to impose tariffs on imports from four Southeast Asian nations
▼ + stars: | 2024-04-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

A coalition of U.S. solar manufacturers petitioned the federal government on Wednesday to impose tariffs on imports from four Southeast Asian nations, alleging that the countries are flooding the U.S. market with cheap products that threaten the domestic industry. The other six parties to the petition are Convalt Energy, Meyer Burger, Mission Solar, Qcells, REC Silicon and Swift Solar. They are requesting that the Commerce Department impose tariffs on solar cell imports from the four countries as a remedy. "This case is bad news for clean energy jobs and American solar manufacturing," Array CEO Kevin Hostetler said in a statement Wednesday. The ITC and Commerce Department investigations will take about 12 months to conclude, Brightbill said.

Persons: Meyer Burger, Tim Brightbill, Joe Biden, Brightbill, Kevin Hostetler, Janet Yellen, Biden Organizations: U.S, Convalt Energy, International Trade Commission, Commerce, ITC, Initiative, Commerce Department, Solar Energy Industries Association, American Clean Power Association, Advanced Energy, American Council, Renewable Energy, Technologies, International Energy Agency, IEA, CNBC Locations: Zhangye city, Gansu province, China, Cambodia, Malaysia, Thailand, Vietnam, U.S, The U.S, Beijing's

☆ The US is preparing to hit back at China's glut of cheap solar panels by targeting its allies
▼ + stars: | 2024-04-24 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

The world is awash in solar panels after Chinese-owned firms flooded the market with cheap exports. Companies including Qcells, First Solar, and Swift Solar on Wednesday asked the Biden administration to slap tariffs on solar cells from four countries in Southeast Asia. The US solar companies allege that Chinese-owned firms operating in Cambodia, Malaysia, Thailand, and Vietnam are illegally undercutting the market. The petition by US solar companies — known as an anti-dumping and countervailing duty case — could lead to that. The probe will help determine whether solar panels were sold in the US at prices below the cost of production.

Persons: Biden, we've, Tim Brightbill, Wiley Rein, Joe Biden, Janet Yellen, Yellen, Premier Li Qiang Organizations: Service, Companies, Wednesday, Business, Wiley, China, Industry, Commerce Department, US Commerce Department, International Trade Commission, Premier, New York Times Locations: Southeast Asia, Cambodia, Malaysia, Thailand, Vietnam, Germany, America, Massachusetts, China

☆ Biden is fighting Trump's tough tactics by calling for tripled tariffs on Chinese steel imports
▼ + stars: | 2024-04-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewUS President Joe Biden last week called for a tripling of tariffs on Chinese steel and aluminum imports, echoing former President Donald Trump's levies on a range of goods from China. Biden — who is the frontrunner for the Democratic Party's presidential nominee — said China's steel production was backed by state funds, which enable the commodity to be sold cheaply to the US. He wants to hike a key tariff on Chinese steel and aluminum from 7.5% to 25%. AdvertisementHowever, the US isn't a large Chinese steel importer. AdvertisementLin added that China's steel sector is geared toward meeting domestic demand and doesn't receive any export-oriented subsidies.

Persons: —, Joe Biden, Donald Trump's, Biden —, Trump, Chim Lee, Biden, Lin Jian, Lin, Janet Yellen, EIU's Lee Organizations: Service, Democratic, Business, Bloomberg, Economist Intelligence Locations: China, Beijing, Chile, Brazil

☆ Stock futures fall after Meta Platforms, IBM report quarterly results: Live updates
▼ + stars: | 2024-04-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City. U.S. stock futures fell on Wednesday night after tech juggernaut Meta Platforms reported its latest quarterly results. S&P 500 futures slid 0.6%, and Nasdaq 100 futures dropped 1.1%. Meta Platforms plunged 15% in extended trading after the social media giant issued second-quarter revenue guidance that was lighter than expected. Fed funds futures trading suggests the first cut could take place at the September Fed meeting, according to CME FedWatch Tool.

Persons: Dow Jones, Anastasia Amoroso, Northrop Grumman, Myers Squibb Organizations: New York Stock Exchange, Traders, Dow Jones, Nasdaq, Business Machines, Dow, Federal, FedWatch, Caterpillar, Honeywell, Northrop, American Airlines, Comcast, Merck, Bristol, Myers, CNBC Locations: New York City . U.S

The cost of pawn shop loans can be high, but in some situations they can offer financial leeway. How pawnshop loans workThe process of getting a pawnshop loanPawnbrokers assess your items just as they do for customers looking to pawn for a direct sale. About 60% of users of pawn loans, title loans, or payday loans were turned down partially or in full for requested mainstream credit sources, according to the CFPB. Unlike qualifications for personal loans, pawn loans don't require a credit check or information on financial assets. Pawnshop loans can get expensive because they have higher interest rates and fees compared to traditional loans.

Persons: you've, You'd, you'll, They're, you'd, Kate Underwood Kate Underwood Kate Underwood, www.kateunderwoodwriter.com Read Organizations: U.S . Department of, National Pawnbrokers Association, Consumer Financial Protection Bureau, Chevron Locations: Virginia Beach , Virginia, Richmond , Kentucky

☆ Jim Cramer looks at what Disney CEO Bob Iger is doing well and what he needs to work on post-Peltz
▼ + stars: | 2024-04-23 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said Tuesday that Danaher could rally Wednesday, too, as bears on the stock jump in. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Danaher, Wells Fargo, Bob Iger, Nelson, Jim, Jim Cramer's Organizations: CNBC, Nasdaq, Disney, Parks, Netflix

☆ Stock market today: US indexes rise as mega-cap earnings take the spotlight
▼ + stars: | 2024-04-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Markets climbed higher as investors get ready for a line up of mega-cap earnings. AdvertisementStocks ticked higher Tuesday morning, as a lineup of mega-cap earnings this week fuels hope for a market comeback. That's after the equity rally tumbled sharply last week, with rate-cut outlooks crushed by hot economic data. Investors are pinning their hopes on strong earnings to kickstart a new rally, with the stock market's 10% year-to-date gain through the end of March now cut by more than half. AdvertisementMeta's earnings are set to follow on Wednesday, after which Alphabet and Microsoft will report on Thursday.

Persons: Tesla, —, That's Organizations: Meta, Microsoft, Service Locations: Here's

☆ The recent sell-off stocks is just the start, and the ongoing correction has further to go as risks mount, JPMorgan says
▼ + stars: | 2024-04-23 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

The recent stock slump was just the start of a correction, according to JPMorgan. Investors are too complacent with some risks, and inflation and geopolitics could hurt the market. AdvertisementHe pointed out that investors scrambled to dial down risk amid rising inflation fears and worsening geopolitical risks, which added to the slump in recent weeks. The hotter-than-expected CPI print of 3.5% year-over-year in March signals that recent inflation surprises in the US aren't just noise. AdvertisementSince January, the two-year Treasury yield has surged from 4.2% to 4.9%, matching levels seen last August.

Persons: —, Stocks, Marko Kolanovic, Kolanovic, Israel didn't Organizations: JPMorgan, Investors, Service, Treasury Locations: Israel

☆ BNP Paribas forecasting further disinflation in housing market, says Chief U.S. Economist Riccadonna
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBNP Paribas forecasting further disinflation in housing market, says Chief U.S. Economist RiccadonnaCarl Riccadonna, chief U.S. economist at BNP Paribas, and CNBC's Steve Liesman join 'The Exchange' to share their reactions to the 2Y Treasury auction, outlooks for housing and inflation, and more.

Persons: Riccadonna Carl Riccadonna, Steve Liesman Organizations: BNP, BNP Paribas, Treasury

☆ 4 Iranians charged in scheme to hack US agencies and defense contractors
▼ + stars: | 2024-04-23 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

CNN —US prosecutors on Tuesday announced charges against four Iranian men for a sprawling hacking campaign that targeted US federal agencies and sensitive data held by American defense contractors. It was not immediately clear whether the departments of State or Treasury networks were successfully hacked in the campaign. In the indictment unsealed Tuesday, Hossein Harooni, Reza Kazemifar, Alireza Shafie Nasab and Komeil Baradaran Salmani were charged with wire and computer fraud, among other charges. Nasab had been charged in a previous indictment unsealed in the Southern District of New York in February. Prosecutors accused three of the men of working for a front company in Iran that purported to offer cybersecurity services.

Persons: ” Damian Williams, Hacking, Christopher Wray, Hossein Harooni, Reza Kazemifar, Shafie, Baradaran Salmani, Nasab, General Merrick Garland Organizations: CNN, US State, Treasury, Pentagon, of, Southern, State, Boston Children’s Hospital, Justice Department, Prosecutors, Treasury Department, Islamic Revolutionary Guard Corps, State Department, Iranian, United Nations Locations: Southern, of New York, US, Iran, Boston, Tehran

☆ Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability
▼ + stars: | 2024-04-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Saudi Aramco CEO Amin Nasser praised China for making solar panels and electric vehicles affordable. Saudi Arabia is fostering closer ties with China and wooing Chinese investments and business partnerships. Unlike the West, Saudi Arabia is cozying up to China. "There are lots of opportunities for China to invest in Saudi Arabia," Alibrahim told the media outlet. In March last year, China brokered a détente between Saudi Arabia and Iran, prompting concerns over waning US influence in the Middle East.

Persons: Amin Nasser, Nasser, China's overcapacity, Janet Yellen, Olaf Scholz, China Nasser's, Faisal Alibrahim, Alibrahim, Jon Alterman Organizations: Saudi, Service, Saudi Aramco, World Energy, Financial Times, West, Nikkei, Aramco, Center for Strategic, International Studies, China Economic, Security Locations: China, Saudi Arabia, Saudi Aramco, Saudi, Rotterdam, East Asia, Beijing, Saudi Arabian, Iran, United States

☆ It’s prime time to lock in yields on this tax-free income play, UBS says
▼ + stars: | 2024-04-23 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

UBS doesn't see the Federal Reserve embarking on rate cuts until September — and that means now is the time to snap up tax-free municipal bonds. Bond yields and prices move inversely, so a decline in rates will come with price appreciation for the underlying issues. "Against that backdrop, we believe that yields on quality municipal bonds look attractive at current levels," wrote UBS Wealth Management senior municipal bond strategist Kathleen McNamara in a report last week. The kicker of tax-free income Muni bonds are generally backed by the full faith and credit of the issuer, which makes them less of a default risk compared with corporates. Large diversified municipal bond funds can be cheap, but state-focused funds tend to be a little more costly.

Persons: Kathleen McNamara, McNamara, FKTFX Organizations: UBS, Federal, UBS Wealth Management, Bond, SEC, Vanguard California, Franklin, Franklin California Tax, Income Fund, Muni Bond ETF, Vanguard New Locations: There's, New York , California, New Jersey, California, Franklin California

☆ Treasury yields hold steady as investors look to fresh data
▼ + stars: | 2024-04-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 4.6189%. The yield on the 2-year Treasury was last at 4.9805% after rising by less than one basis point. U.S. Treasury yields were little changed on Tuesday as investors awaited fresh economic data that could provide insights into the state of the economy. Economists polled by Dow Jones are expecting a 1.2% rise for the month after the figure had declined 0.3% in February. Investors will be assessing this week's data for clues about whether the economy is continuing to prove resilient and whether inflationary pressures remain sticky.

Persons: Dow Jones Organizations: Treasury, Federal

☆ The yield curve has been inverted for 18 months without a downturn - but the famed indicator isn't wrong, and a recession is near, strategist says
▼ + stars: | 2024-04-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The bond market's famous recession gauge has been flashing for 18 months. A downturn could be delayed for months after the yield curve first inverts, Paul Dietrich said. Dietrich pointed to the inverted Treasury yield curve, a highly accurate recession gauge that flashes when the yield on the 2-year US Treasury surpasses the 10-year Treasury. In the past, recessions have taken up to 28 months to officially start after being signaled by the yield curve and leading economic indicators, he noted. Dietrich is among the more bearish forecasters on Wall Street, having warned investors of an impending recession for months.

Persons: Paul Dietrich, —, Riley Wealth's, Dietrich, Stocks Organizations: Service, Treasury

☆ Stock market today: US futures rise as Tesla kicks off Magnificent 7 earnings season
▼ + stars: | 2024-04-23 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Tesla is set to kick off Big Tech earnings season after the closing bell. AdvertisementUS stocks looked set to open higher at the opening bell on Tuesday, as traders waited for Tesla to kick off a make-or-break Magnificent Seven earnings season. Analysts are expecting Tesla to post earnings of $0.44 per share for the three months ending March 31, according to data from Refinitiv. "Big tech kicks off with Tesla results this evening," Sophie Lund-Yates, Hargreaves Lansdown's lead equity analyst, said. General Motors, Spotify, and Visa are among the other companies set to report earnings on Tuesday.

Persons: Tesla, —, Sophie Lund, Yates, Hargreaves Lansdown's Organizations: Big Tech, Elon Musk's, Service, Nasdaq, Dow Jones Industrial, Motors, Spotify, Visa Locations: Elon

☆ Bond auctions are a bigger deal than usual this week. The first went the way of the bulls
▼ + stars: | 2024-04-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Treasury yields dip: In addition to earnings, the other part of the market's gauntlet this week is a trio of huge Treasury auctions. The PMI data was softer than expected, confirming signs of the economic "brown shoots" that Jim Cramer has recently been flagging. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Treasury, P Global, PMI, Federal, Amazon, Foods, Apple, Developers, Tesla, Enphase, Texas, Boeing, Boston Scientific, Otis Worldwide, Jim Cramer's Charitable Locations: Enphase Energy, Humana

☆ The corrective phase could last into the early summer months: Fairlead Strategies' Katie Stockton
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe corrective phase could last into the early summer months: Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss the latest market trends, the Treasury market, health of the tech sector, and more.

Persons: Katie Stockton Katie Stockton Organizations: Treasury

☆ Stock market today: US futures climb as traders await crucial 'Magnificent 7' earnings reports
▼ + stars: | 2024-04-22 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

US stock futures climbed in premarket trading on Monday ahead of a big week of earnings reports. US GDP and inflation data could also move markets this week. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInvestors will hope that the tech giants can give the market a much-needed boost, with artificial intelligence likely to be in focus.

Persons: Tesla, —, Johnson, Kathleen Brooks Organizations: Microsoft, Service, Nasdaq, Dow Jones, ExxonMobil, Johnson

☆ Treasury yields rise as investors look to key data in week ahead
▼ + stars: | 2024-04-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields rose on Monday as investors looked to economic data in the week ahead that could provide fresh hints about the state of the economy and outlook for interest rates. Investors awaited fresh economic data as uncertainty about the outlook for the U.S. economy and Federal Reserve monetary policy persisted. Several key data points are slated for the week, including the personal consumption expenditures price index for March, which is due Friday. The PCE is the Fed's favored inflation gauge and could inform policymakers' thinking about what could lie ahead for interest rate cuts ahead of the next Fed policy meeting on April 30-May 1. Durable goods orders and a reading of the gross domestic product for the first quarter of 2024 are among the other key data points due throughout the week.

Persons: Jerome Powell Organizations: Treasury, U.S, Investors, Federal Reserve, PCE, Fed Locations: U.S

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