News

Fed holds interest rates steady, cites 'lack of progress' on inflation

US Treasury keeps auction sizes unchanged through July, launches buyback

The Treasury Department said on Wednesday it intends to keep auction sizes steady for U.S. notes and bonds over the next several quarters, in line with expectations, as it announced total refunding of $125 billion for the May to July quarter. The Treasury's last regular buyback program began in the early 2000s and ended in April 2002. In a statement, the Treasury said it would sell $58 billion in U.S. three-year notes, $42 billion in 10-year notes, and $25 billion in 30-year bonds next week.

Reuters 14 minutes ago

Union Pacific undermined regulators' efforts to assess safety, US agency says

Associated Press Finance 14 minutes ago

UNP
-0.13%
Stocks and Bonds Climb as Powell Downplays Hikes: Markets Wrap

Bloomberg 25 minutes ago

^GSPC
+1.02%
Stock market today: Stocks rally after Fed decision as Powell soothes rate nerves

Yahoo Finance 33 minutes ago

^IXIC
+1.49%
^GSPC
+1.02%
Starbucks CEO Says Faster Service, Boba Drinks Can Fix Chain

Bloomberg 35 minutes ago

SBUX
-16.30%
Six-Way Bidding War Will Decide Mexico’s Nearshoring King

Bloomberg 36 minutes ago

PLD
+1.65%
Lawsuit against Meta asks if Facebook users have right to control their feeds using external tools

Associated Press Finance 39 minutes ago

META
+3.92%

Why DigitalOcean Stock Jumped Today

Could the company be growing faster than anticipated?

Motley Fool 4 minutes ago

DOCN

AMZN

+5.61%

Why Canopy Growth, Tilray, and Cronos Group Stocks Just Cratered

Motley Fool 13 minutes ago

WEED.TO

TLRY
New York Community Bancorp Stock Soars as Lender Targets Peer-Level Profitability by 2026

PREMIUM
MT Newswires 1 hour ago

NYCB
+30.38%
Equity Markets Mixed Ahead of Fed Decision

PREMIUM
MT Newswires 1 hour ago

^GSPC
+1.02%
COMP
CVS stock plunges after earnings numbers one analyst 'did not even believe'

Yahoo Finance 1 hour ago

CVS
-17.01%
WMT
-0.33%
Here's What's Happening in Markets: May 1

etf.com 1 hour ago
Stock market today: futures drop after Starbucks and McDonald's misses

Business Insider 2 hours ago

SBUX
-16.30%
AMZN
+5.61%

NYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says

Traders shorting New York Community Bancorp's stock were sitting on more than $42 million of losses on Wednesday after the lender's better-than-expected profit forecast for the next two years sent shares surging, data from Ortex show. The rally marked a rare bright spot for NYCB, which has been battered since January end over its exposure to the commercial real estate (CRE). The banking industry has been a hot favorite for short sellers - traders who profit from a decline in stock prices - after the collapse of three lenders last year stoked fears about the health of the sector.

Reuters 2 hours ago

NYCB

+30.38%

AI chip darling AMD struggles to impress Wall Street this earnings season

Yahoo Finance 4 hours ago

AMD
-6.78%
SOX=F
-3.30%
Starbucks stock plunges 14% after badly missing its Q2 earnings estimates

Yahoo Finance 5 hours ago

SBUX
-16.30%
Oaktree Cuts Fees on Private Credit Fund After Earnings Decline

Bloomberg 5 hours ago

OCSL
Marriott's (NASDAQ:MAR) Q1 Earnings Results: Revenue In Line With Expectations

StockStory 8 hours ago

MAR
AMD, Super Micro spark chip selloff as earnings miss lofty AI expectations

Reuters 8 hours ago

AMD
-6.78%
NVDA
-1.34%
Kraft Heinz's (NASDAQ:KHC) Q1 Earnings Results: Revenue In Line With Expectations

StockStory 8 hours ago

KHC

Fed stays on pause, Qualcomm, Etsy, Zillow report: Yahoo Finance

The Federal Reserve Open Market Committee has left its fed funds target range unchanged. In its statement, the Committee says there has been a "lack of further progress" in bringing inflation down to its 2% target. Earnings are also driving the action on Wall Street with the likes of Qualcomm (QCOM), Etsy (ETSY), MGM Resorts (MGM), and Zillow (Z) set to report. Trending tickers on Yahoo Finance include Starbucks (SBUX), Super Micro Computer (SMCI), and CVS Health (CVS). Top guests today include: 2:00 p.m. ET -Steven Wieting, Citi Wealth Chief Investment Strategist and Chief Economist 2:10 p.m. ET -Ann Berry, Threadneedle Ventures Founder and Jeff Klingelhofer, Thornburg Investment Management Co-Head of Investments and Portfolio Manager 2:20 p.m. ET -Gary Stern, Former Federal Reserve Bank of Minneapolis President and CEO 3:20 p.m. ET -Michael Darda, MKM Partners Chief Economist & Macro Strategist 4:20 p.m. ET -Mona Mahajan, Edward Jones Senior Investment Strategist 4:50 p.m. ET -Dave Stephenson, Airbnb Chief Business Officer