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Walmart's stock price rose after it reported first-quarter earnings that beat analyst expectations, demonstrating consumer resilience in spending despite economic pressure. Walmart's market capitalization surpassed $500 billion for the first time following the strong earnings results. Walmart's CFO stated that consumers have remained consistent in spending from quarter to quarter, though budgets remain stretched. Upper-income consumers are increasingly shopping at Walmart. Analysts noted Walmart's increasing focus on higher-margin revenue streams like digital advertising, marketplace fees, and fulfillment services contributing to growth.

Walmart Surpasses $500 Billion Market Cap After Strong Q1 Results

⏲ 0:38 👁 340K

The popular cryptocurrency exchange Coinbase suffered a system-wide outage early Tuesday morning. Users could not access Coinbase and received a \

Coinbase Faces Major Outage as Users Locked Out as Cryptocurrency Exchange Goes Offline

⏲ 0:34 👁 225K

Popular meme stocks GameStop and AMC saw their share prices plunge over 15% from the previous day's close as markets opened on Thursday. GME fell 18% from its prior close, and AMC opened down 8% and continued falling through the day. The declines came after the re-emergence of influential Reddit trader Roaring Kitty on social media. Kitty's cryptic social media posts featuring movie clips revived speculation around the meme stocks. The meme stock frenzy appears to be fading again on signs Kitty's impact may be temporary.

GameStop and AMC Shares Plummet Over 15% Amidst Return of Influential Reddit Trader

⏲ 0:35 👁 275K

On Thursday, Rep. Thomas Massie (R-Ky.) introduced a bill aimed at abolishing the Federal Reserve, following a poll of his followers on X, formerly Twitter. The Kentucky Republican announced the introduction of the “End the Fed” bill, officially known as the Federal Reserve Board Abolition Act, HR 8421. Massie stated, “Americans would be better off if the Federal Reserve did not exist. The Fed devalues our currency by monetizing the debt, causing inflation.”<br/>Thomas Massie

Marjorie Taylor Greene Ally Thomas Massie Introduces 'End The Fed' Bill To Abolish The US Central Bank: \

⏲ 1:1 👁 445K

Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \

Stock Markets Rally Amid Investor Hopes for Interest Rate Cuts in 2024

⏲ 1:30 👁 1.3M

Low handicap golfers or competent ball strikers may well be after a new set of golf blades to get the best feel and workability from a set of irons - but how do you know which set to choose? Well in this video, staff writer and irons expert Joe 'The Pro' Ferguson shares his thoughts on the best golf blade irons out there having tested 11 of them at the start of the year.

Reviewing Some Of The Best Golf Blades On The Market

⏲ 12:12 👁 2.6M

There's no way meme stocks should be at such elevated levels on their own, says Cramer. GameStop has gained 179% and AMC 135% so far this week amid logic-defying rallies.

Jim Cramer Can't See GameStop Trading At $64 Or Even $44, Warns Against Meme Stock Mania: 'Responsible Move Is To Sell, Sell, Sell'

⏲ 1:8 👁 7.4M

Here are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector from Benzinga's Analyst Stock Ratings page. Benzinga.com readers can sort through our extensive database of analyst ratings, including by analyst accuracy.

Wall Street's Most Accurate Analysts' Views On 3 Materials Stocks Delivering High-Dividend Yields

⏲ 1:17 👁 190K

Jamie Dimon, the CEO of JPMorgan Chase & Co, has voiced concerns about the persistent inflationary pressures in the U.S. economy. He suggests that these pressures may lead to a prolonged period of higher interest rates than what investors anticipate.

JPMorgan's Jamie Dimon Warns Of 'A Lot Of Inflationary Forces' Ahead, Predicts Higher Interest Rates

⏲ 1:1 👁 635K

Microsoft is planning to introduce Advanced Micro Devices' artificial intelligence chips to its cloud computing customers, aiming to rival Nvidia's components.

Microsoft Unveils AMD-Powered AI Chips To Rival Nvidia: Report

⏲ 0:49 👁 265K

Reddit and OpenAI announce a partnership that will give OpenAI's ChatGPT access to Reddit data. The new partnership will also enable Reddit users to use new AI-powered features.

Reddit Stock Pops On Partnership With OpenAI: The Details

⏲ 0:55 👁 12.2M

In a new blog post, Reddit and OpenAI announced a partnership that will give OpenAI’s ChatGPT access to Reddit threads and enable Reddit users to use new AI-powered features. The two companies will also collaborate on advertising.

Reddit Stock Rises On Partnership With OpenAI: The Details

⏲ 0:55 👁 9.7M

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