Traders work at the New York Stock Exchange on May 28, 2026. NYSEThe rally in software stocks has gone from recovery to raging bull market, and traders are betting there's more to come.The iShares Expanded Tech-Software ETF (IGV) is up 35% from its April low after a 5% rally Friday...
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Fed Governor Michelle Bowman warns against hiking interest rates because of inflation spike
Federal Reserve Governor Michelle Bowman on Friday cautioned against raising interest rates to address the current spike in prices.With inflation running well above the central bank's 2% target, markets are expecting the Fed to stay on hold this year then possibly start raising rates in early 2027. Current pricing is...
Iran war cost: Average U.S. household paying $450 more on gas and energy
Americans have spent nearly $450 extra per household on rising energy costs during the Iran war, according to an analysis shared exclusively with CNBC's Steve Liesman.The average household has shelled out $447.19 for additional fuel-related expenses since the conflict began on Feb. 28, data from Moody's Analytics found. That's cumulatively...
JPMorgan’s summer reading list for the wealthy includes books on AI, leadership and lemons
JPMorgan summer reading listCourtesy: JPMorganThe latest JPMorgan Summer Reading List, an annual favorite among the wealthy, includes books on artificial intelligence, longevity, Keith Haring and lemon recipes.The list is compiled each year with suggestions from JPMorgan client advisors around the world and has become a popular guide for the wealthy...
Jamie Dimon says JPMorgan Chase could spend $20 billion on acquisition: ‘We are on the lookout’
JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank could spend up to $20 billion on an acquisition in the coming years.A deal that size would be the largest of Dimon's 20-year tenure atop JPMorgan and test regulators' appetite for consolidation among the biggest U.S. banks."I do think there...