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☆ CEOs from Mark Zuckerberg to Sundar Pichai explain why companies are making cuts this year
▼ + stars: | 2024-06-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

A number of Big Tech companies have laid off staff this year, including Google, Tesla, Apple, and dozens more. Ironically, companies haven't been slowing down on innovation, with many releasing a constant stream of AI updates and product launches. Mark Zuckerberg shared his theory on the first round of industry-wide layoffs in an interview with "Morning Brew Daily" in February. AdvertisementSalesforce CEO and cofounder Mark Benioff also relayed the same sentiment in a letter to employees announcing layoffs in 2023. But for the moment, tech companies don't seem to be slowing down on AI advancement.

Persons: —, Mark Zuckerberg, Jason Citron, Sundar Pichai, Mark Benioff, Zuckerberg, Emily Chang, Wayfair's cofounders, Niraj Shah, Steve Conine, Jobs, Satya Nadella, Arvind Krishna, Drew Houston Organizations: Service, Big Tech, Google, Apple, Business, Bloomberg, ARM, IBM, Dropbox Locations: Zuckerberg's

But, not all AI startups are created equal. AdvertisementBusiness Insider surveyed nine VCs who invest in AI startups at firms like Bain Capital Ventures, Flybridge, and Sapphire Ventures. Startups building AI's "picks and shovels" are a better bet than yet another LLMStep aside, OpenAI and Anthropic. In contrast, unstructured data encompasses various formats such as text documents, images, audio files, emails, social media posts, and videos. Some AI investors say they're shying away from point solutions—think online payment processing or project management—in favor of full-stack solutions.

Persons: —, Harvey, Navin Chaddha, Chip Hazard, they're, Kahini Shah, there's, Rak Garg, Garg, Shah, Lauri Moore, Moore, Chaddha, Capital's Moore, she's Organizations: Service, Accel, Business, Bain Capital Ventures, Flybridge, Sapphire Ventures, Google, Meta, Mayfield Fund, Flybridge Capital Partners, Obvious, Investors, Obvious Ventures, Foundation, Dig Ventures Locations: Mayfield, Hazard, Flybridge

☆ India's Nifty 50 could pass 24,000 level by year-end, says BofA Securities
▼ + stars: | 2024-06-24 | 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 EmailIndia's Nifty 50 could pass 24,000 level by year-end, says BofA SecuritiesAmish Shah of the bank discusses the upside risks to that target, including the policy direction of the new government.

Organizations: Securities

☆ Lone voices saying the UK is undervalued have become a strong chorus: Edison Group
▼ + stars: | 2024-06-24 | 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 EmailLone voices saying the UK is undervalued have become a strong chorus: Edison GroupNeil Shah, director of research at Edison Group, unpacks the current market environment and the positive signs around the U.K.

Persons: Neil Shah Organizations: Edison, Edison Group

☆ Marathon, not a sprint: Apple's AI push faces big challenges in China
▼ + stars: | 2024-06-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTThe Apple Siri AI icon is being displayed on a smartphone, with Apple Intelligence in the background. Apple Intelligence is the Cupertino giant's play that aims to bring AI across its devices. Apple's China AI challengesNavigating these rules will be tricky for Apple. "Localising the Apple Intelligence experience will be a major challenge for Apple," Wood told CNBC. CCS Insights' Wood said Apple's focus on privacy could help introduce AI features to the market.

Persons: Siri, Jonathan Raa, Apple, Bryan Ma, Nicole Peng, Ben Wood, Wood, Neil Shah Organizations: Apple Intelligence, Nurphoto, Getty, Huawei, CNBC, Apple, IDC, Baidu, Insight, Counterpoint Research Locations: China, Beijing, Cupertino

☆ Apple is making email more bearable
▼ + stars: | 2024-06-10 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Read previewManaging your email app — and even just searching for an email you know is in there somewhere — can be unbearable. Here's what you need to know about the latest email updates Apple is rolling out. Writing tools integrated into MailThanks to Apple's new generative AI system, Apple Intelligence, some smart AI-powered writing tools will be integrated across Apple apps, including the Mail app. With Apple Intelligence, you'll be able to pull up a sidebar from the Mail app that will help you rewrite an email draft. AdvertisementThe Mail app pop-up will help you rewrite your email.

Persons: —, Ronak Shah, Shah, You'll, Ronak, you'll, Smart, Siri, — Siri, Kelsey Peterson, Kelsey Organizations: Service, Apple, Business, Gmail, United Airlines, Apple Intelligence, Mail

☆ Apple is bringing one of iPhone owners' 'most requested' features to text messages
▼ + stars: | 2024-06-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Texting on your iPhone is about to look a lot more like Slack and email. iOS 18 will allow users to schedule text messages to be sent later, Apple announced at WWDC. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementYour iPhone is about to get some new features that'll make texting seem a lot more like email or Slack. Apple's iOS 18 update will come with the ability to schedule text messages to be sent at a later time, it announced Monday at its annual WWDC event.

Persons: Slack, —, Ronak Shah Organizations: Apple, Service, Business

☆ My son needed brain surgery to stop his seizures. Even though I'm his mom, I had a hard time making decisions.
▼ + stars: | 2024-06-10 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

The author's son was having seizures on a regular basis before his brain surgery. The pandemic delayed Trevor's surgery evaluationsDoctors at Memorial Hermann put Trevor on three different medications, but none of them worked to stop his seizures. A brain surgery to shave away a damaged portion of Trevor's brain looked like the treatment that was most likely to work. Trevor needed tons of testing before he could even be considered for brain surgery. AdvertisementThat's essentially what he did in Trevor's brain.

Persons: Samantha Harney, Trevor didn't, I've, Trevor, he'd, Memorial Hermann, Taylor, Manish Shah, Dr, Shah, he's, He's Organizations: Service, Memorial Hermann Hospital, Business, Memorial Locations: Houston

☆ The best new features in iOS 18
▼ + stars: | 2024-06-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Apple's iPhone operating system, iOS 18, was a major topic of discussion at the event, and it's expected to be released later this year. Related storiesHere are some of the changes we're most excited about iOS 18. AdvertisementA new home screen designApple iOS 18 will let you customize your home screen wallpaper, app icons, and widgets. iOS 18 will now allow users to tap back on a message with any emoji or sticker. AdvertisementApple IntelligenceApple will be integrating a much-anticipated generative AI system into iOS 18.

Persons: —, Ronak Shah, You'll, Shah, Craig Federighi, Apple Cash, Apple, Siri Organizations: Service, Apple, Business, Tapbacks, Google, Apple Intelligence Apple, OpenAI Locations: Siri

☆ T20 World Cup: Pakistan suffer thrilling six-run defeat to rivals India to leave hopes in jeopardy
▼ + stars: | 2024-06-10 | by ( Megan Wellens | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - JUNE 09: Virat Kohli and Mohammed Siraj of India celebrates following the team's victory in the ICC Men's T20 Cricket World Cup West Indies & USA 2024 match between India and Pakistan at Nassau County International Cricket Stadium on June 09, 2024 in New York, New York. (Photo by Alex Davidson-ICC/ICC via Getty Images)India dealt a cruel blow to rivals Pakistan's T20 World Cup hopes with a thrilling six-run victory in New York. However, the Pakistan batting attack fell apart under the pressure and from 72-2 were reduced to 88-5 themselves, unable to find big boundaries in the final overs to seal a big win. In Group A, India now sit top of the table, with USA in second. Pakistan are now in fourth and are yet to pick up a win.

Persons: Virat Kohli, Mohammed Siraj, Alex Davidson, Jasprit, Pandya, Bumrah, Mohammad Rizwan, Naseem Shah, Haris Rauf, Mohammad Amir, Babar Azam, Suryakumar Yadav, Usman Khan Organizations: NEW, ICC, West Indies, Nassau County International Cricket, Getty Images, Pakistan, USA Locations: India, Pakistan, New York , New York, New York

☆ India beat Pakistan by six runs in thrilling T20 Cricket World Cup match in New York
▼ + stars: | 2024-06-09 | by ( Charlie Scott | ) www.nytimes.com time to read: +4 min

India beat Pakistan in dramatic fashion in their T20 Cricket World Cup match in New York, despite setting their biggest rivals a target of just 120 runs at the Nassau County International Cricket Stadium. It was their lowest-ever run total in a men’s T20 Cricket World Cup match, which is the shorter format of the sport where each team has one innings of up to 20 overs (an over is six balls). Jasprit Bumrah led India’s fightback, taking three wickets for only 14 runs as Rohit Sharma’s team battled their way to victory. Pakistan needed 18 runs to win off the final over of the game but could only score 11 as they fell six runs short. This is the first time the USA have competed in the T20 World Cup.

Persons: Haris Rauf, Naseem Shah, Jasprit Bumrah, India’s fightback, Rohit Sharma’s, Alex Davidson, Bumrah, Sharma, ”, “ Organizations: Cricket, Nassau County International Cricket, International Cricket, ICC, Getty, “, Ireland, India, USA, Canada, Pakistan Locations: India, Pakistan, New York, Long, United States, Grand Prairie , Texas, York, USA, Canada

☆ Middle-class Americans are falling behind
▼ + stars: | 2024-06-06 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Middle-class income growth has lagged behind that of the upper class since 1970, according to a Pew Research Center report published May 31. There are signs that middle-class Americans are dialing back their spending. Fast food joints, a mainstay dining destination for middle-income consumers, are leaning into discounts to placate frustrated diners. Kohl’s that same month reported weak first-quarter results, underlining how middle-income consumers are pulling back spending on non-essential clothing and discretionary merchandise at department stores. Economic growth has been anemic in recent years, squeezing living standards and starving public services of funds.

Persons: ”, Jennifer Jones Austin, Thomas Kingsbury, Narendra Modi, Diksha Madhok, Peeyush Mittal, Modi, ” Shilan Shah, ” Read, Hanna Ziady, Rishi Sunak, Sunak, Keir Starmer, Tony Blair, Starmer Organizations: CNN Business, Bell, New York CNN, Pew Research, Living Coalition, Data, Bureau of Labor Statistics, Matthews Asia, Bharatiya Janata Party, BJP, Capital Economics, Conservative Party of, European Union, Labour Party, National Health Service, Labour, Conservative Party Locations: New York, India’s, India, United Kingdom, China, San Francisco, Beijing, Washington, Ukraine

☆ India’s economic boom won’t be derailed by its election shock
▼ + stars: | 2024-06-05 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

New Delhi CNN —Narendra Modi has declared victory in India’s election but he’ll need the support of smaller parties to govern, a shock result that could make it harder for him to pass major economic reforms. Experts have highlighted land reform as an example of policies that might now be tougher for Modi to implement. India will need to address those issues if it is to capitalize on the massive rethink underway among companies on supply chains. Despite the surprise electoral setback for Modi’s right-wing, Hindu-nationalist Bharatiya Janata Party (BJP), experts say the world’s fastest growing major economy will continue to live up to its billing. The party’s underperformance led to a plunge on India’s stock market, which had its worst day in four years Tuesday.

Persons: New Delhi CNN — Narendra Modi, ”, Peeyush Mittal, Modi, ” Shilan Shah, underperformance, Aditya Suresh, Shah, Malcolm Dorson, It’s Organizations: New, New Delhi CNN, Matthews Asia, Apple, Foxconn, Bharatiya Janata Party, BJP, Capital Economics, Investors, Macquarie Capital, Unified Locations: New Delhi, United Kingdom, India, China, San Francisco, Beijing, Washington, United States, Western

☆ The 3rd human case of bird flu in the US has 2 new and troubling symptoms
▼ + stars: | 2024-06-04 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

The H5N1 virus has become a pandemic among animals, raging through worldwide bird populations and now through US cattle herds. There, the H5N1 virus can continue operating as an avian virus, grabbing avian receptors with no need to adapt to human receptors. Two previous one-off human cases of H5N1 — one in Chile and one in Ecuador — featured respiratory symptoms. Even with its current monitoring, the CDC would probably detect sustained human spread, he said. Correction — June 4, 2024: An earlier version of this story misstated the nature of genomic sequencing of the H5N1 virus.

Persons: —, Jude virologist Richard Webby, Diego Vara, Rick Bright, Amanda Perobelli, John Harper, Nirav Shah, farmworkers, Shah, Bright, Bill Powers, Nathan Howard, Department of Agriculture hadn't Organizations: Service, US Centers for Disease Control, Business, CDC, Reuters, World Health Organization, Studies, New York Times, Stock, Drug Administration, STAT, Webby, Department of Agriculture Locations: Texas, Michigan, Americas, Norte, Brazil, Chile, Ecuador, Campinas, Townsend , Delaware

India's Prime Minister Narendra Modi flashes victory sign at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Completed vote counts by the Election Commission of India showed that Modi's BJP won just 240 seats. India's Parliament has 543 seats, and the party or coalition that wins at least 272 forms the government. Modi's decade-long ruleUnder Modi, India, home to 1.4 billion people, has witnessed robust economic growth. While India has seen robust economic growth under Modi, observers and critics have warned about the country's "democratic decline."

Persons: Narendra Modi, Money Sharma, Modi, Aiyar, CNBC's, Shilan Shah, Shah, Kranthi, Sensex, Samir Kapadia, that's, Malcolm Dorson Organizations: India's, Bharatiya Janata Party, BJP, Afp, Getty, Indian, Modi's BJP, National Democratic Alliance, Developmental Inclusive Alliance, Indian National Congress, Policy Research, Centre, Monitoring, Capital Economics, BSE, WealthMills Securities, Adani, Adani Enterprises, State Bank of India, ICICI Bank, Monetary Fund, India Index, Vogel, Dem, Global, Vogel Group, IMF Locations: New Delhi, India, INDIA, China, Sweden

☆ India’s scorching heat and lack of water leave Delhi’s poor to suffer worst of climate crisis
▼ + stars: | 2024-06-01 | by ( Esha Mitra | ) edition.cnn.com time to read: +5 min

New Delhi CNN —There’s no fresh water in the slums of Delhi’s Chanakyapuri neighborhood. She tried to run back for it – but it was too late, the water had run out. Residents in Delhi’s Chanakyapuri neighborhood clamber to get water under baking heat on May 31, 2024. As record heat grips northern India, the Delhi government has been forced to ration these free water deliveries. But if they get to the hospital late and the intervention is late, the mortality rate is so high.

Persons: New Delhi CNN —, Shah, Vijay Bedi, ”, it’s, Poonam Shah, Ram Manohar Lohiya, Ajay Shukla, Anupam Nath, ” Dr Shukla, Kali Prasad, aren’t, Farwa Aamer, Aamer Organizations: New, New Delhi CNN, CNN, Indian Meteorological Department, Ram, “, Workers, Asia Society Policy Institute Locations: New Delhi, Delhi’s Chanakyapuri, India, Delhi, Guwahati, South Asia

☆ Bird Flu Has Infected a Third U.S. Farmworker
▼ + stars: | 2024-05-30 | by ( Apoorva Mandavilli | ) www.nytimes.com time to read: 1 min

A third farmworker in the United States has been found to be infected with bird flu, heightening concerns about an outbreak among dairy cattle first identified in March. The worker is the first in this outbreak to have respiratory symptoms, including a cough, sore throat and watery eyes, which generally increase the likelihood of transmission to other people, federal officials said on Thursday. The other two people had only severe eye infections, possibly because of exposure to contaminated milk. All three individuals had direct exposure to dairy cows, and so far none has spread the virus to other people, Dr. Nirav Shah, principal deputy director of the Centers for Disease Control and Prevention, said at a news briefing.

Persons: Nirav Shah Organizations: Centers for Disease Control Locations: United States

☆ Here's the 22-slide pitch deck that got Atropos Health $33 million for its generative AI bot for doctors
▼ + stars: | 2024-05-28 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

A new generative AI tool can create those studies in minutes. That directive informed Atropos' development of ChatRWD, which Atropos Health launched in beta form in October to 75 customers. Atropos says it's the first generative AI tool to create publication-grade studies from clinical data in minutes. AdvertisementAtropos' $33 million Series B funding follows Atropos' $14 million Series A in August 2022, bringing the company's total funding to $54 million. See the 22-slide pitch deck Atropos Health used to raise $33 million in Series B funding.

Persons: —, Brigham Hyde, Valtruis, Jim Breyer's Breyer, Laurene Powell Jobs, Nigam Shah, Saurabh, Hyde, Atropos, Green Button, Green, Johnson, Johnson's Janssen Organizations: Service, Business, Atropos, Cencora Ventures, McKesson Ventures, Merck GHI Fund, Presidio Ventures, Stanford University, National Institutes of Health, Atropos Health, pharma Locations: Geneva, Arcadia

☆ The Fed doesn't want to hike rates, says Goldman Sachs’ Ashish Shah
▼ + stars: | 2024-05-28 | 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 Fed doesn't want to hike rates, says Goldman Sachs’ Ashish ShahAshish Shah, Goldman Sachs Asset Management CIO of public invest, joins ‘Squawk Box’ to discuss the latest market trends, why rates are so high, and more.

Persons: Goldman Sachs, Ashish Shah Ashish Shah, Goldman Organizations: Management

☆ The Ambanis are reportedly throwing another lavish pre-wedding party, this time on a cruise ship
▼ + stars: | 2024-05-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Read previewThe Ambanis are continuing their glitzy pre-wedding celebrations with another set of festivities. This story is available exclusively to Business Insider subscribers. Meta CEO Mark Zuckerberg and Priscilla Chan, Microsoft cofounder Bill Gates, and Ivanka Trump also turned up for the events. Mark Zuckerberg and Priscilla Chan at the March pre-wedding party. Representatives for the Ambanis at Reliance Industries did not immediately respond to a request for comment from Business Insider.

Persons: —, Anant Ambani, India's, Mukesh Ambani, Radhika Merchant, Shah Rukh Khan, Ranbir Kapoor, Alia Bhatt, Rihanna, Mark Zuckerberg, Priscilla Chan, Bill Gates, Ivanka Trump, Zuckerberg, Chan, Alexander McQueen, Gautam Adani Organizations: Service, Business, Meta, Microsoft, Fortune, Reliance Industries, Bloomberg Locations: Italy, France, Deccan Chronicle, Gujarat

☆ Shah Rukh Khan: India’s ‘King of Bollywood’ is ‘doing well’ after heatstroke hospitalization reports
▼ + stars: | 2024-05-23 | by ( Rhea Mogul | ) edition.cnn.com time to read: +3 min

CNN —Shah Rukh Khan’s manager has said India’s “King of Bollywood” is recovering well after reports he was hospitalized with heatstroke, as parts of the country swelter during a weeks-long general election. Maximum temperatures there climbed to 45 degrees Celsius (113 degrees Fahrenheit) this week. Also known as “King Khan,” the actor has near-demigod status in India, having starred in more than 90 movies and earned multiple accolades. He received India’s fourth-highest civilian honor in 2005, and a spot on Time magazine’s 100 most influential list in 2022. Experts say the climate crisis is only going to cause more frequent and longer heatwaves in the future, testing India’s ability to adapt.

Persons: CNN — Shah Rukh, “, Khan’s, Pooja Dadlani, Khan “, Om Prakash Jat, Gauri, King Khan, Khan Organizations: CNN, K D, Press Trust of India, KD Hospital, Indian Premier League cricket, Kolkata Knight Riders, India Meteorological Department, IMD, Authorities Locations: Ahmedabad, Gujarat, Rural, India, Hyderabad, Rajasthan, Punjab, Haryana, Uttar Pradesh, Delhi, Barmer

☆ A Microsoft under attack from government and tech rivals after 'preventable' hack ties executive pay to cyberthreats
▼ + stars: | 2024-05-22 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +13 min

The decision by Microsoft to link executive compensation to successful cybersecurity performance is another is prompting discussions at other firms. One change the tech giant is making in response: linking executive compensation more closely to cybersecurity. In recent years, many Fortune 500 companies, including Apple, have added bonus pay tied to ESG metrics. The conversations about cybersecurity-linked executive pay have started taking place at other companies since Microsoft made its move, according to Aalap Shah, managing director at executive compensation consultant Pearl Meyer. Madnick's research shows that gaps in corporate culture are often culprits in high-profile hacks, not just the Microsoft example.

Persons: Brad Smith, Charlie Bell, Aalap Shah, Pearl Meyer, It's, I've, Shah, —, Stuart Madnick, Madnick, Ryan Kalember, unavoidability, Jen, Kalember, ransomware, Mike Doonan, Doonan Organizations: Microsoft, U.S, Hill, Google, U.S . Department of Homeland, Initiative, Microsoft Security, Team, Companies, Fortune, Apple, MIT, Infrastructure Security Agency, CNBC, Technology, State Department Locations: China, Russia, cybersecurity, U.S

☆ Mumbai, India: Billionaires, Bollywood celebrities cast their vote in the world’s largest election
▼ + stars: | 2024-05-21 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

Bollywood actor Shah Rukh Khan, along with his family, leaves a polling booth after casting his ballot in Mumbai on May 20, 2024. Sujit Jaiswal/AFP/Getty ImagesThe “King of Bollywood” Shah Rukh Khan was seen leaving a Mumbai polling booth with his family – wife Gauri, daughter Suhana, and sons Aryan and Abram. Bollywood actors Ranveer Singh and Deepika Padukone arrive to cast their ballots at a polling station in Mumbai on May 20, 2024. Residents queue to cast their vote on May 20, 2024 in Mumbai, India. Voters wait to cast their vote in Chandivali, Mumbai, on May 20, 2024.

Persons: Narendra Modi, Shah Rukh Khan, Sujit Jaiswal, ” Shah Rukh Khan, Gauri, Suhana, Aryan, Abram, Amitabh Bachchan, ” Khan, “ Let’s, Deepika Padukone, Ranveer Singh, Mukesh Ambani, Nita, Akash, Akshay Kumar, “, Aishwarya Rai Bachchan, Stringer, Shiv Sena —, Satish Bate, Sachin Chaudhary Organizations: CNN, Getty, Bharatiya Janata Party, BJP, Indian National Congress, Hindustan Times, Getty Images Locations: Mumbai, Maharashtra, India’s, AFP, Andheri, “, India, Mumbai’s, West Bengal, Getty Images Mumbai, New York, Chandivali

☆ Wayfair to open its first large store, as physical locations make a comeback
▼ + stars: | 2024-05-16 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +10 min

Wayfair follows other direct-to-consumer brands that have opened stores, including Warby Parker , Figs , Casper, Glossier and Everlane. In the early 2010s, new store openings largely outpaced closures, until the tide turned in 2017. Jeenah Moon | Bloomberg | Getty ImagesOther privately held direct-to-consumer brands have also expanded into retail stores, including bedding company Brooklinen, furniture store Burrow and apparel brands Everlane and Untuckit. High cost of entryIf direct-to-consumer brands could all open stores and suddenly boost sales and profitability, they'd all be doing it. Courtesy: WayfairSome direct-to-consumer brands have already been burned after they expanded too quickly and demand fell.

Persons: Niraj Shah, Wayfair, Warby Parker, Glossier, They're, Larry Cheng, It's, you'll, Liza Lefkowski, Shah, Coresight, John Mercer, Coresight's, Trina Spear, Spears, King, King of Prussia, Rebecca Fitts, Alvarez, Tolia, Allbirds, Al Drago Organizations: CNBC, Apple iOS, Companies, Walmart, Target, Joss, Discount, TJX, Bloomberg, Getty, Marsal, Washington , D.C Locations: Wilmette , Illinois, Chicago, Casper, Amazon, U.S, Coresight Research's, Burlington, Los Angeles, Philadelphia, King, King of Prussia , Pennsylvania, Georgetown, Washington ,

☆ Stock market today: Stocks jump on cooler April inflation report
▼ + stars: | 2024-05-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks rose as traders took in slightly cooler inflation figures. Consumer prices rose 3.4% year-per-year in April, down from the prior month's 3.5% increase. Still, investors have muted expectations for Fed rate cuts by the end of the year. AdvertisementUS stocks jumped on Wednesday as traders took in the latest inflation report, which showed prices cooled slightly in April. Falling inflation has fueled some hope the Fed is set to issue several interest rate cuts this year, which is bullish for stocks.

Persons: —, Seema Shah, Sonu Varghese Organizations: Service, Treasury, Asset Management, Traders, Carson Group

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