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LATEST MARKET NEWS: Inflation stays hot, gas hits new high, Ford-Rivian update

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Bitcoin beat down continues

Posted by FOX Business Team

Dow heads for fifth day of losses

Dow Jones Averages.
$
32007.24

Posted by FOX Business Team

Disney earnings due after 4pm ET

Profit: $1.19 est. vs. $0.79 +50%

Revenue: $20B est. vs. $15.6B +28%

Source: Refinitiv

The Walt Disney Co.
$
106.51

Posted by FOX Business Team

The Bond King Coming Up...

Posted by FOX Business Team

OPINION: Steve Moore The just-released numbers on consumer price increases in April showed some modest improvement-- down from 8.5 to 8.3 percent. But this high inflation rate is still running far ahead of worker wages -- meaning low and middle income families are feeling a continued financial squeeze.

Posted by FOX Business Team

Nasdaq lags S&P, Dow

SymbolPriceChange%Change
I:COMP$11,681.03-56.64-0.48%
TSLA$781.12-18.92-2.36%
NFLX$174.33-3.33-1.87%
FB$194.23-3.42-1.73%
MSFT$265.37-4.13-1.53%
AAPL$152.36-2.15-1.39%

Posted by FOX Business Team

Ford thins Rivian stake

SymbolPriceChange%Change
F$13.41+0.06+0.45%
RIVN$21.98-0.81-3.54%
AMZN$2,173.00-4.18 -0.19%

Ford sold 8 million shares of the electric vehicle maker around $26.80 per share for $214 million, according to a filing with the Securities and Exchange Commission. Ford still maintains a 10.5% stake holding about 94 million shares.

Amazon is also a top stakeholder holding 17.7% of the shares.

Posted by FOX Business Team

Moderna CFO gets boot after short stint

Moderna Inc.
$
132.32

Moderna dumps CFO..."recently appointed Chief Financial Officer, Jorge Gomez, has departed the Company, effective immediately. The announcement follows the May 10 public disclosure by Mr. Gomez's former employer, Dentsply Sirona Inc., of an ongoing internal investigation into certain matters, including financial reporting" the company disclosed in a statement.

Posted by FOX Business Team
Breaking News

Stocks slip after hot inflation read

SymbolPrice Change%Change
I:DJI$32,160.74-84.96-0.26%

Posted by FOX Business Team

Futures at a glance

Stock futures are higher Wednesday as investors await the release of the April consumer price index.

Meanwhile, oil prices rose, with West Texas Intermediate futures trading at $103.50 a barrel and Brent crude futures trading at $106 per barrel.

Posted by FOX Business Team

Stock futures rise ahead of key inflation data

U.S. equity futures were trading higher Wednesday morning ahead of the release of a key report on inflation. Continue reading

Posted by Ken Martin

April inflation report wildcard

Has inflation peaked? That's the question at the top of most economists' minds ahead of the newest inflation data out Wednesday. Continue reading 

Posted by Ken Martin

Gasoline's new record

The average price for a gallon of gasoline in the U.S. rose to a record Wednesday morning to $4.404, according to the latest numbers from AAA. The price on Tuesday was $4.374. 

Posted by Ken Martin

Oil prices react to looming EU ban on Russian oil

Oil traded higher Wednesday morning, resuming an upward move following a 9% drop over the previous two sessions. Continue reading

Posted by Ken Martin

Bitcoin price stabilizes, Coinbase shares plunge

Bitcoin's price stabilized at around the $31,000 level. The cryptocurrency traded down for six straight days heading into Wednesday. Continue reading

Posted by Ken Martin

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