Articles

Gold futures were climbing sharply on Friday, looking to tally their first weekly gain in three weeks, as downbeat U.S. economic data supported the likelihood of Federal Reserve interest-rate cuts this year.

The University of Michigan’s gauge of consumer sentiment fell to 67.4 in a preliminary May reading from 77.2 in the prior month.

Progyny’s stock was headed for a record selloff Friday after the fertility-services company said the Supreme Court of Alabama’s February ruling regarding in vitro fertilization seemed to scare off some potential customers.

Management has adapted well to the new normal of the operating and consumer environment and has got back to executing growth strategies aggressively, analysts said.

“She wants to join my son at his private liberal-arts college that costs $83,000 a year.”

The U.S. stock market’s climb this year probably has stalled for the rest of 2024, even as investors remain optimistic that companies stand to benefit from the adoption of artificial intelligence, according to Goldman Sachs Group’s David Kostin.

The cryptocurrency industry’s spending on Washington lobbying rose to a fresh record last year, while it’s started out 2024 with more sizable spending to influence the U.S. government.

Oil futures are on track for weekly gains, taking back some of the ground lost last week as fears of a broader Middle East war faded.

The FDA cited administrative constraints for the delay, Cambridge, Mass.-based Moderna said in a statement.

Tesla’s stock was headed toward its first gain in four sessions on Friday, after electric vehicle giant’s chief executive, Elon Musk, seemed to again dispute recent reports that the company’s Supercharger EV charging business unit was being shuttered.

Weak weekly jobless claims has pushed more hopes for Fed rate cuts, driving gold prices to levels not seen in weeks on Friday.

Treasury yields were steady on Friday, amid signs of a slowing U.S. jobs market as a wave of auctions by the Treasury encountered solid demand.