The March Consumer Price Index (CPI) data was hotter than expected, with a reading of 3.8% against analyst expectations of 3.7%. This surprise sparked market volatility, with stock futures falling and expectations for Federal Reserve rate cuts being adjusted and priced out. However, Yahoo Finance's Rick Newman joins the Live Show to discuss a potential silver lining in the CPI print: the goods inflation figure. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
The March Consumer Price Index (CPI) data was hotter than expected, with a reading of 3.8% against analyst expectations of 3.7%. This surprise sparked market volatility, with stock futures falling and expectations for Federal Reserve rate cuts being adjusted and priced out.
However, Yahoo Finance's Rick Newman joins the Live Show to discuss a potential silver lining in the CPI print: the goods inflation figure.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
This post was written by Angel Smith
The Wall Street Journal
Delta Air Lines (DAL) said it expects strong summer travel demand as the carrier posted a better-than-expected profit for the first three months of the year. Delta shares jumped nearly 3%, while stock in United Airlines and American Airlines also rose. While other airlines are being stymied by delayed deliveries from Boeing, Delta hadn’t been planning to receive any of the manufacturer's jets this year.
Reuters
Switzerland put forward on Wednesday proposals for UBS and three other systemically relevant banks aimed at protecting the country from a repeat of last year's Credit Suisse collapse. The government's 209-page report outlines 22 measures designed to strengthen current regulations for banks known as "too big to fail" (TBTF), after gaps were found in the existing rules following UBS's rescue takeover of its banking rival. The proposals aim to improve corporate governance and supervision, for example, by giving more powers to Swiss financial market regulator FINMA.
Benzinga
California-based 99 Cents Only stores on April 4 announced the closure of all 371 of its locations across Arizona, California, Nevada and Texas, becoming the latest retailer to shut down because of theft. Founded in the 1960s, the company has struggled to maintain its low price points in the face of inflation and cited “inflationary pressures and other macroeconomic headwinds” alongside retail theft as reasons for the closures. While 99 cents in 1960 would be worth about $10.48 today. Don't Miss
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