Here are one of the most essential story that financiers require to begin their trading day:
1. Down, yet except long
Stocks dropped Wednesday as financiers fretted about consistent rising cost of living after the most recent launch of mins from the Federal Book’s newest conference (extra on that particular listed below). The Dow Jones Industrial Average dropped 201.95 points, or 0.51%, and had its worst session of the month. The S&P 500, meanwhile, fell 0.27% and the Nasdaq Composite slipped 0.18%. But things were looking up Thursday morning as futures tied to all three indexes were higher, with Nasdaq-100 futures climbing 0.8% as Wall Street rode the momentum from market bellwether Nvidia. Follow live market updates.
2. It all comes back to Nvidia
Sopa Images | Lightrocket | Getty Images
3. Inflation, inflation, inflation
Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the bank’s William McChesney Martin building on May 01, 2024 in Washington, DC.Â
Chip Somodevilla | Getty Images
4. Alexa gets a glow up
This photograph taken on June 14, 2023, shows US company Amazon’s group logo at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition centre in Paris.Â
Alain Jocard | AFP | Getty Images
Amazon is giving Alexa an upgrade. The decade-old voice assistant will now be enhanced with generative artificial intelligence in an attempt by the company to make it more conversational, two sources familiar with the matter told CNBC. Amazon also plans to charge users a monthly subscription fee with the offering, and it won’t be included in Amazon Prime subscriptions. Such an upgrade â which is set to come this year â may position the tech and retail giant to better compete with companies like Google and OpenAI, which have launched AI-powered chatbots and since announced similar AI-powered voice features.
5. It’s electric
The Chevrolet Equinox EV on display at the New York International Auto Show on March 28, 2024.Â
Danielle DeVries | CNBC
General Motors has officially rolled out an all-electric version of its iconic Chevrolet Equinox â which has been part of the company’s lineup for two decades. The crossover EV has gone on sale with higher-priced models starting at roughly $43,000 to $51,100. The entry-level Equinox LT model is expected to launch later this year and will start around $35,000. GM’s move comes as demand for EVs has been slower than expected, making this latest rollout a test to see whether the company’s new “Ultium” EV technologies, and the overall mass-market EV adoption, will actually stick the landing.
â CNBC’s Hakyung Kim, Samantha Subin, Kif Leswing, Jeff Cox, Kate Rooney and Michael Wayland contributed to this report.
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