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Visa Steady Ahead of Key Data and CEO Remarks This Week
Visa shares closed at $328.88 before Memorial Day. This week brings consumer confidence data, PCE inflation figures, and CEO Ryan McInerney's appearance at a Bernstein conference.
Sivers Semiconductors Gains on MSCI Inclusion, Defense Contract
Sivers Semiconductors shares traded near 84-85 SEK on Monday, ahead of MSCI small-cap inclusion on May 29 and Q1 results, supported by a $6.6M defense contract extension.
Social Security COLA for 2027 Projected at 3.9% as Inflation Pressures Mount
Social Security's 2027 COLA is projected at 3.9% after April inflation data, but rising costs may erode gains for retirees.
7-Eleven Japan Pioneer Toshifumi Suzuki Dies at 93 Amid Strategic Pivot
Toshifumi Suzuki, the visionary who introduced 7-Eleven to Japan and expanded it globally, died at 93. His passing comes as Seven & i Holdings navigates a delayed North America listing and reshaped M&A landscape.
United Airlines Expands Transatlantic Network with Longest 737 MAX 8 Route to Spain
United Airlines will begin nonstop Newark-Santiago de Compostela flights on May 27, using a Boeing 737 MAX 8, marking its longest narrowbody transatlantic route. The carrier also resumed Newark-Glasgow service earlier in May.
New Fed Chair Warsh Faces Inflation Test as Rate Hike Odds Rise
New Fed Chair Kevin Warsh faces an early test as April PCE inflation data looms and policymakers signal possible rate hikes if inflation stays above target.
Nikkei Breaks 65,000 Barrier as Asian Markets Rally on Oil Slide
Japan's Nikkei closed above 65,000 for the first time, surging 2.87% as Asian stocks rallied on hopes of revived U.S.-Iran talks and falling oil prices. Taiwan hit a record, while Shanghai, Australia, and India gained.
Nifty 50 Reclaims 24,000 as Crude Plunge Fuels Indian Stock Rally
Indian benchmarks rallied Monday, with the Nifty 50 closing above 24,000 and the Sensex gaining over 1,000 points, as Brent crude fell below $100 on US-Iran peace progress.
Bitcoin Holds Above $77K as Oil Slides on Iran Talks Progress
Bitcoin held above $77,000 on thin holiday trading, with oil prices falling over 4% on U.S.-Iran talks progress. Spot bitcoin ETFs saw net outflows of $1.26 billion from May 18-22.