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Stocks look set to end May on a positive note, even as index futures pointed to a negative opening on Friday.
He said margins were thinning, competition from China was heating up and a major political candidate was stating that EVs are not in the future policy.
Palantir's first-quarter results released in early May showed that U.S. government revenue grew 12% year-over-year to $257 million.
Austan Goolsbee, President of the Chicago Federal Reserve Bank, highlighted that consumer delinquencies are among the most worrisome economic indicators currently being monitored. His concerns now appear prescient as new data reveal a significant uptick in delinquency rates in the first quarter of 2024. "If the delinquency rate of consumer loans starts rising, that is often a leading indicator that things are about to get worse," Goolsbee stated. Recent figures from the Federal Reserve published
DeFi lending and borrowing protocol Aave (CRYPTO: AAVE) is reportedly planning to launch its own blockchain after its upcoming V4 upgrade.