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CNBC Markets Now: May 5, 2023
CNBC Markets Now provides a look at the day's market moves with commentary and analysis. ...
What Berkshire Shareholders Are Saying, and Buying, at the Annual Meeting
This year’s meeting marks the 15th one for Joe and Lois, pictured above. The couple say Warren Buffett’s wisdom is just as relevant today as it was years ago Photograph by Dan Brouillette for Barron’s OMAHA, Neb.—Some 30,000 Warren Buffett fans and Berkshire
CNN CEO Defends Trump Town Hall: ‘All Voices Should Be Heard’
On Friday, Warner Bros. Discovery chief executive David Zaslav spoke in defense of CNN’s upcoming town hall
Fitch Downgrades Egypt Long-Term Foreign Currency Rating on Prospects for Slower Growth
By Sabela Ojea Fitch Ratings on Friday downgraded Egypt's long-term foreign-currency issuer default rating to B from B+
No Good Options for the Fed?
To the Editor: While your cover story is comprehensive and well written, I beg to differ with Megan Cassella’s conclusion of there being “no good options” (“Fed on the Edge,” April 28). Modest fiscal policy help (rather than hindrance) would improve the
Why DraftKings CEO Jason Robins isn’t celebrating the company’s big year: ‘I’ll gloat when I’m dead’
Thirteen months ago, the DraftKings Inc. DKNG stock was in a rut. It was down 43% over the previous three months, and down
AMD stock ends week higher as post-earnings loss erased by Microsoft AI hopes
Advanced Micro Devices Inc. shares rallied Friday to eliminate steep losses from Wall Street’s skepticism following the chip maker’s earnings
Why Investing in Media Stocks Looks Like a Booby Trap
Shares of Paramount got crushed this past week on poor earnings and is now down 45% over the past year. Photograph by Roger Kisby With all the hand-wringing over banks, commercial real estate, and tech, it’s easy to overlook that the media business is no
Biden blasts Republicans for tying debt ceiling to budget, while GOP says Democrats did the same thing
President Joe Biden on Friday reiterated his criticism of the Republican position in Washington’s debt-ceiling standoff, while GOP lawmakers have
Stocks Rally to Cap Tumultuous Week
The S&P; 500 broke a four-day losing streak following an upbeat jobs report and a spate of earnings.
Selected Western livestock auctions
Capital Press | 2023-05-05, 22:53
Oregon EUGENE (Eugene Livestock Auction) April 29 Receipts: 893 HD Comments: Lambs and goats steady. Good quality feeder cattle $2-$3 higher this week. Cows up $4-$6. Take advantage of the strong market, sell your cattle now. Top Cows: High Dressers:
Health Care Up on Drug Development Hopes -- Health Care Roundup
Health-care companies rose as traders rotated into the sector amid optimism about new drug developments. Eli Lilly finished
Fire Reported at Shell Chemical Complex in Deer Park -- OPIS
Emergency services were fighting a fire Friday at the Shell chemical complex at Deer Park, Texas, the Galena Park Fire Department
Braskem ADRs Rise 16% After Hours, Abu Dhabi State Oil Co. May Join Takeover Bid
By Stephen Nakrosis The American depositary receipts of Brazil's Braskem were trading higher in Friday's after-hours
AI and Jobs: Who’s at Risk
Since the release of ChatGPT, companies have scrambled to understand how generative artificial intelligence will affect jobs. This past week, IBM CEO Arvind Krishna said the company will pause hiring for roles that could be replaced by AI—affecting as much as
‘One of the Greatest Decisions in My Life’: Short Seller Closed Fund Before Fed’s Monetary ‘Bazooka’
After a decade in the securities business, Bill Fleckenstein began to see the writing on the wall at
China Ties Weigh on US Brands
Commentary The pressure is on for the biggest U.S. brands, including Apple, Nike, Adidas, and
Dow has best day since Jan 6 after Apple rally, jobs data
May 06, 2023 5:19 AM The Dow Jones Industrial Average rose 546.64 points to 33,674.38. ...
Mortgage rates slide again this week. Here’s why this is becoming a trend.
The average daily rate for a 30-year fixed-rate loan was 6.85%. That’s 12 basis points lower than this time last week. Joe Raedle/Getty Images U.S. mortgage rates fell yet again this week. Since dropping from their 2023 high of 7.13% back in March, 30-year
Communications Services Up After Warner Bros Earnings -- Communications Services Roundup
Communications services companies rose after strong earnings from one major media company. Shares of Warner Bros Discovery rose
Utilities Up Amid Cyclical Bias -- Utilities Roundup
Shares of power producers rose, but not by as much as the broad market, as traders rotated into cyclical sectors. Virginia
Tech Up After Apple Earnings -- Tech Roundup
Shares of technology companies rallied after a surprisingly resilient earnings performance from Apple. Apple shares rose
Financials Surge as Regional Bank Panic Subsides -- Financials Roundup
Shares of banks and other financial institutions surged as investor panic over the stability of regional banks subsided. Los Angeles
Consumer Cos Up After Strong Jobs Data -- Consumer Roundup
Consumer companies rallied after strong jobs data. The U.S. added 253,000 workers to payrolls in April, the strongest
Industrials Up as Strong Jobs Data Offset Mixed Earnings Reports -- Industrials Roundup
Shares of industrial and transportation companies rose after strong jobs data offset mixed earnings reports.
Materials Up on Strong Jobs Data -- Materials Roundup
Producers of metals and other raw materials rallied after strong jobs data alleviated recession fears. Employers added
Energy Surges as Bank-Failure Fears Subside -- Energy Roundup
Shares of energy companies surged as bank failure fears evaporated in light of strong jobs data. U.S. employers added 253,000
ManpowerGroup Raises Semiannual Dividend by 8.1%
By Stephen Nakrosis ManpowerGroup said Friday its board has approved an 8.1% increase to the company's semiannual
Jewels Created for Princess Diana up for Auction in New York
A diamond and South Sea pearl necklace and pair of matching earrings created for the late Princess Diana—and worn by her just once, at a 1997 English National Ballet performance—will go up for auction in June and could fetch as much as US$15 million. The
U.S. bank deposits edge down in latest week while lending rises
The numbers: Deposits at commercial U.S. banks declined in the week ending April 26, according to a report from the Federal
