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Federal Reserve's Goolsby: The CPI report suggests we 'don't have much good news'.
2026-05-13
Federal Reserve's Goolsby: The CPI report suggests we 'don't have much good news'.
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2026-05-13
Chip stocks fell sharply Tuesday, with Broadcom, Intel, and Micron among the biggest decliners, while the Philadelphia Semiconductor Index dropped 3% after intraday losses of 6.8%. The selloff followed extraordinary gains in 2026, driven by AI infras
Chip stocks fell sharply Tuesday, with Broadcom, Intel, and Micron among the biggest decliners, while the Philadelphia Semiconductor Index dropped 3% after intraday losses of 6.8%. The selloff followed extraordinary gains in 2026, driven by AI infrastructure demand. Barry Knapp of Ironsides Macroeconomics said trimming exposure “after a climb like this is prudent risk management.” Chris Murphy of Susquehanna called the pullback “way overdue” but expected short-lived pain. Jonathan Krinsky of BTIG warned the index could fall roughly 20%, while Rhys Williams of Wayve Capital said “the bulls are in charge until proven otherwise."
2026-05-12
JD.com CEO: JD Food Delivery has demonstrated its strategic value, contributing 3% to the increase in advertising revenue in the first quarter.
JD.com CEO: JD Food Delivery has demonstrated its strategic value, contributing 3% to the increase in advertising revenue in the first quarter.
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