(Bloomberg) — A pullback in the S&P 500 (^GSPC) that’s already trimmed about a third off the index’s post-election rally is set to continue Friday, as sticky inflation and hawkish comments from the Federal Reserve weigh on sentiment. Most Read from Bloomberg S&P 500 futures were down 0.6% as of 4:28 a.m. in New York, extending Thursday’s decline. Contracts tracking the Nasdaq 100 (^NDX) dropped 0.9%, while those tied to

[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Thursday to business leaders in the Dallas-Fort Worth area on monetary policy. Powell is delivering a speech followed by a Q-and-A session. The appearance comes one week after policymakers again voted to lower their key interest rate by a

By Naomi Rovnick LONDON (Reuters) – Big global investors are exiting popular trades that bet on US President-elect Donald Trump’s tax and tariff policies boosting Wall Street and wreaking damage abroad and swooping in on some of the Nov. 5 election’s biggest market victims. After US stocks and the dollar bounced on Trump’s growth agenda and trade war fears pressured Chinese, European and emerging market assets, money managers are hunting

The new Department of Government Efficiency, a group created by President-elect Donald Trump with the task of identifying ways to cut federal spending and headed by billionaires Elon Musk and Vivek Ramaswamy, is already taking resumes.  The request for job applicants was posted Thursday by the new X account for DOGE, which despite its heady mission isn’t an official government department. In his statement on Tuesday announcing the effort, Trump

Earlier this year, Super Micro Computer (NASDAQ: SMCI) reigned with Nvidia as the market’s best-performing stocks. Supermicro advanced 188% in the first half, while Nvidia climbed 149%. Why did this 30-year-old company suddenly jump into the limelight? The equipment maker, providing elements like servers for artificial intelligence (AI) data centers, saw its earnings soar amid the AI boom. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every

Check out the companies making headlines in midday trading: Disney — The media stock popped 6% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose after the companies called off their planned merger , citing regulatory hurdles. Shares of Tapestry jumped nearly 13%, while Capri added 4.4%. Hims &

(Bloomberg) — Samsung Electronics Co. shares are having their best day since January 2021, as perceptions grow that the South Korean tech company is starting to look like a bargain after a multi-month slump. Most Read from Bloomberg The world’s largest maker of memory chips and smartphones saw its stock surge as much as 8.6% Friday, snapping a five-day losing streak. Despite the latest rally, Samsung remains down nearly 32%

The U.S. Postal Service on Thursday said its annual loss widened to almost $10 billion, although revenue rose slightly after two postage rate hikes this year, part of Postmaster Louis DeJoy’s plan to get the postal agency on a better financial footing. The USPS said it lost $9.5 billion in the fiscal year ended September 30, compared with a loss of $6.5 billion a year earlier. The postal service blamed the

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and expectations of a Republican lock on power in Washington next year. The bullish plays span a wide array of assets, from electric car maker Tesla to small-cap stocks and regional banks. Together, they have helped

Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in remarks for a speech to business leaders in Dallas. “The strength we are currently seeing in the economy gives