Wall Street, inflation
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Progress on US-China trade over the weekend sent stocks soaring on Monday. Some top commentators say tariffs are still a big risk.
U.S. stocks rose following an encouraging report that showed inflation unexpectedly slowed across the country last month.
Two Wall Street firms raised their year-end targets for the S&P 500 as Trump's latest tariff delay cools recession fears.
Boeing shares got a small boost on media reports that China had lifted a ban on airlines there taking deliveries of the U.S. aerospace giant’s planes. According to reports, China removed those obstacles as part of Monday’s trade truce with the U.S. Boeing shares rose close to 2% in premarket trading Tuesday.
Most U.S. stocks rose May 13 following an encouraging report that showed inflation unexpectedly slowed across the country last month.
The latest US consumer inflation report revealed easing prices in April as euphoria over the US-China trade truce faded.
President Donald Trump wants drugmakers to work with his federal health department to reach an agreement on a most favored nation price for their medicines.
Treasury Secretary Scott Bessent on Monday said talks with China over the weekend in Switzerland had been “very productive,” and announced the two countries had agreed to lower tariff rates by