- Investor's Business Daily
Dow Jones Futures Rise; Nvidia CEO Touts Next AI Chips With Rivals On Tap
Futures loom after the stock market showed resilience Friday. Nvidia CEO Huang made a big AI speech Sunday. Tesla EV rivals stepped up sales.
- Yahoo Sports
Simone Biles wins record 9th all-around title at U.S. championships ahead of Paris Olympics
Simone Biles extended her record with another all-around title at the U.S. championships on Sunday night
- Reuters
Currencies tread cautiously after US inflation report, focus on ECB
The currency market started the week cautiously, with the dollar slightly lower on Monday after data last week showed U.S inflation had stabilised in April, keeping the door open for the Federal Reserve to cut interest rates later in the year. Markets are pricing in 37 basis points of cuts this year from the Fed after data on Friday showed the personal consumption expenditures (PCE) price index increased 0.3% last month, matching the unrevised gain in March. The inflation data still shows price pressures remain above the Fed's 2% target, with the year-over-year rise in the PCE index measuring 2.7% in April, the same rate as in March, keeping the markets unsure of more than one rate cut in 2024.
