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The latest numbers say Americans are going all-in for hybrids

Hybrid sales haven’t been on a steady upward trajectory for a decade, but now they are surging and automakers are scrambling.

Kashkari says ‘many months’ of good inflation data needed before a rate cut

Minneapolis Fed President Neel Kashkari on Tuesday said in an interview there should be “many months” of benign inflation data before he would be a rate cut.

Treasury yields dip as investors look ahead to PCE inflation report

Bond yields fell on Tuesday as U.S. traders returned from the Memorial Day break and looked ahead to crucial inflation data at the end of the week.

Oft-criticized MLB umpire Ángel Hernandez to retire effective immediately

One of MLB’s most infamous umpires, Ángel Hernández, is planning on retiring on Tuesday, The Post’s Jon Heyman confirmed.

ECB ready to start cutting interest rates, chief economist says

The European Central Bank will likely cut interest rates from historic highs at its meeting on June 6th and, and in an interview with the Financial Times on Monday, its chief economist, Philip Lane, brushed off fears that doing so before the U.S. Federal Reserve could backfire.

China semiconductor stocks rally on reports of $48 billion chip fund

The third phase of the China Integrated Circuit Industry Investment Fund has reportedly doubled what was raised in 2014 and 2019,

German Ifo business sentiment index idles as services sector falters

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Shares of China Evergrande’s EV unit soar on potential investor support

China Evergrande New Energy Vehicle shares jumped 92% on Monday after the EV startup said liquidators were in talks to sell a 29% stake in the unit to an unnamed buyer.

Musk’s xAI raises $6 billion in fresh funding from Fidelity, Sequoia Capital and others

Elon Musk’s xAI company has raised $6 billion in a series B round of funding from investors including Fidelity Management & Research Co. and venture-capital firm Sequoia Capital.

Wall Street economists expect ‘friendly’ U.S. inflation data this Friday

Expectations about the future path of Federal Reserve interest-rate policy has been on a roller coaster this year and the next potential swoon could come Friday with the release of the Fed’s preferred inflation measure of consumer inflation.

Stocks are making Americans feel richer — and the Fed’s inflation fight harder

With an estimated 62% of U.S. adults owning stocks, it becomes increasingly difficult to see how consumer demand can taper off by enough to bring down inflation.

Some buzzy AI names highlight this week’s earnings slate — along with Costco

Dell and Marvell will offer glimpses into AI spending, while Costco and Gap are among big retail names due to report.
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