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The Fed’s preferred inflation measure rose 0.2% in April, as expected
The personal consumption expenditures price index for April was expected to show an inflation rate of 2.7% over the past 12 months.
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Retailers like Gap and Foot Locker had a strong week. That doesn’t spell a consumer comeback
Gap profits were 9 times higher and Foot Locker beat estimates — unlikely winners in Q1 retail earnings. But, this says more about the companies than consumers.
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Binance’s ex-CEO begins prison sentence in California
Binance’s billionaire founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California.
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Salesforce is the most oversold stock on Wall Street amid a losing week for the markets
CNBC Pro screened for the most overbought and oversold names on Wall Street this week.
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Romance guild in upheaval following criticism over the way it handled an author who posted negative online comments about other writers
The group also faced criticism and withdrew an award for a book that included a sympathetic portrayal of a cavalry officer who participated in the slaughter of Lakota Indians.