The financial news that actually matters
On May 14, 2026, Chinese Foreign Ministry Spokesperson Guo Jiakun stood before reporters in Beijing and delivered a message aimed squarely at Washington: China’s opposition to any toll on ships passing through the Strait of Hormuz is “consistent and clear.” In Chinese diplomatic language, that phrasing signals a position that is not open for negotiation….
The ground beef for your Memorial Day cookout costs $6.70 a pound. The gas to get to the store runs about $4.53 a gallon. And if you bought a home in the past year, your 30-year fixed mortgage rate is sitting near 6.46%, more than double the sub-3% deals lenders were handing out in early…
When Cerebras Systems priced its IPO at $185 a share on the evening of May 13, 2026, the company’s co-founders, CEO Andrew Feldman and chief hardware architect Gary Lauterbach, had spent nearly a decade arguing that the future of AI computing required a chip the size of a dinner plate. On May 14, Wall Street…
The Dow Jones Industrial Average closed at 50,063.46 on May 15, 2026, gaining 370.26 points and finishing above 50,000 for the first time since February 6, when the blue-chip index settled at 50,115.67 after a 1,206.95-point rally, according to exchange closing records. The index traded as low as 49,735 during the session before rallying into…
At 4 p.m. Eastern on Thursday, May 14, the S&P 500 settled at 7,501.24, slipping past the 7,500 threshold for the first time in the index’s nearly seven-decade history. The close was confirmed by the Federal Reserve Bank of St. Louis FRED database, which typically publishes daily closing values with a one-day lag sourced from…
Nvidia added roughly $900 billion to its market capitalization in just seven trading sessions, a gain of about 20% that has pushed the chipmaker to the brink of a milestone no publicly traded company has ever reached: a $6 trillion valuation. Shares rose as much as 4.7% on Wednesday, May 14, hitting an intraday high…
President Donald Trump left a two-day summit in Beijing in June 2026 claiming a major win: an agreement by Chinese President Xi Jinping to purchase 200 Boeing commercial jets. But on the three issues that will shape the U.S.-China rivalry for years, the summit produced nothing. No deal on Chinese rare earth exports. No new…
The cost of producing goods and services in the United States jumped at its fastest pace in more than three years during April, extending a streak that is making it harder for the Federal Reserve to justify cutting interest rates and raising the odds that consumers will feel the squeeze in the months ahead. The…
Ford Motor Company spent years and billions of dollars trying to become a major EV battery manufacturer. That chapter is over. The Dearborn automaker has launched Ford Energy, a wholly owned subsidiary that will build shipping-container-sized battery storage systems in the United States, targeting data centers, electric utilities, and large industrial operations. The goal: 20…
When Kevin Warsh calls the June 16-17 Federal Open Market Committee meeting to order, he will become the first new face at the head of that table in more than a decade. And the most probable outcome of his debut is also the quietest one: no rate cut, no rate hike, and no change to…