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The S&P 500 closed out its eighth consecutive week of gains on Friday, its longest winning streak since December 2023, and the market's mood heading into the Memorial Day weekend is about as good as it has been all year. The Dow Jones Industrial Average set
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There is a data point buried in Walmart's first-quarter earnings report that tells you more about the state of the American consumer than almost any macroeconomic indicator. The average fuel fill-up at Walmart's gasoline stations fell below 10 gallons for the first time since 2022.
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Novo Nordisk's Wegovy pill generated $354 million in its first full quarter on the market, nearly double analyst expectations. The company now has a commanding early lead in the oral GLP-1 market over Eli Lilly's Foundayo.
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Meta, Microsoft, Alphabet, and Amazon beat earnings expectations but disappointed markets anyway. The culprit: $650 billion in AI infrastructure spending that's getting more expensive, not cheaper.