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Dow Sprints Past 40,000 on Rate-cut Bets; Microsoft Asks Some China Staff to Relocate Amid Tensions | Business Matters Full Broadcast (May 16)

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Manage episode 418662237 series 3433590
Content provided by Epoch Media Group. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Epoch Media Group or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Dow Jones industrial average crossed the 40,000 level on Thursday for the first time, on hopes of U.S. interest rate cuts and strong earnings before stocks turned mostly flat in afternoon trading.

Walmart raised its full-year forecast and reported better-than-expected quarterly results on Thursday, betting that easing inflation will drive stronger sales of groceries and non-essential merchandise like clothing and electronics, sending its shares to a record high in their biggest one-day gain in four years.

Russian President Vladimir Putin met with Chinese communist leader Xi Jinping on May 16, reaffirming their “no limit” partnership amid increasing pressure from the United States and the European Union (EU).

  continue reading

300 episodes

Artwork
iconShare
 
Manage episode 418662237 series 3433590
Content provided by Epoch Media Group. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Epoch Media Group or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Dow Jones industrial average crossed the 40,000 level on Thursday for the first time, on hopes of U.S. interest rate cuts and strong earnings before stocks turned mostly flat in afternoon trading.

Walmart raised its full-year forecast and reported better-than-expected quarterly results on Thursday, betting that easing inflation will drive stronger sales of groceries and non-essential merchandise like clothing and electronics, sending its shares to a record high in their biggest one-day gain in four years.

Russian President Vladimir Putin met with Chinese communist leader Xi Jinping on May 16, reaffirming their “no limit” partnership amid increasing pressure from the United States and the European Union (EU).

  continue reading

300 episodes

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