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The Latest Breaking News from FactSet

America In Focus: Inflation hits 3-year high, Wall Street rallies and Musk becomes a trillionaire

Rising gas prices pushed inflation to its highest level in three years, new data showed this week, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near

AAP

Inflation rises to a 3-year high on spiking gas prices, squeezing Americans financially

Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat rising costs pose for the Trump administration as midterm elections near

AAP

Inflation likely reached 3-year high last month as Iran war spikes gas prices

The Independent UK

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Employers added 172,000 jobs last month as US job market shows resilience despite Iran war

U.S. employers added a surprising 172,000 jobsin May as the labor market continued to show resilience in the face of rising costs from the Iran war

AAP

America’s job market has a surprising problem: Nobody’s hiring, nobody’s firing

While unemployment is projected to hold steady at a low 4.3% in May, according to FactSet, the pace of job creation remains significantly slower than the boom experienced in the wake of pandemic lockdowns

The Independent UK

US employers likely added 105,000 jobs in May with labor market stable despite costly Iran war

The American job market has climbed out of a rut

AAP

The US just had its highest number of people file for unemployment benefits since the Iran war started

The war in Iran has injected significant uncertainty into the broader US economy and its labor market

The Independent UK

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US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February

The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran

AAP

Macy’s beats expectations with fourth consecutive sales gain and raises annual outlook

This latest positive indicator follows a prolonged period of sales decline for Macy's

The Independent UK

The economic windfall of AI chips

Investors are piling into South Korea and Taiwan for semiconductor stocks, but the AI boom isn't just fattening profits at North Asia's chip champions. It is powering a broader economic resurgence, driven by stronger household consumption, rising investment and widening tax coffers.

Bangkok Post

It’s No Longer Doom and Gloom for These 3 ‘AI Doom’ Stocks

Once thought to be in serious jeopardy due to the rise of generative and agentic AI, these stocks are up this month.

Barchart

Goldman Sachs Lifts S&P 500 Target As Earnings Growth Continues To Drive Wall Street Rally

The S&P 500's rally this year has been driven largely by corporate earnings growth rather than expanding valuations, prompting Goldman Sachs to raise its year-end target for the benchmark index as Wall Street continues to post record highs.

International Business Times

Jobs stall and prices surge amid Trump’s Iran-fueled economic turmoil

The Labor Department reported Thursday that new claims for jobless aid for the week ending May 16 fell by 3,000 to 209,000

The Independent UK

Walmart wins over broader swath of consumers, but global uncertainty clouds outlook for retailers

Walmart delivered another strong quarter of sales as the discounter's speedy deliveries and low prices served as a magnet for shoppers across the income spectrum

AAP

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news in one place.

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AAP

Walmart delivers another strong quarter but economic uncertainty clouds outlook for retail sector

Walmart delivered another strong quarter of sales as the discounter's speedy deliveries and low prices served as a magnet for shoppers across the income spectrum

AAP

Target books strongest sales growth in 4 years with customers buying into refreshed lineup

Target, which embarked on a turnaround plan under its new CEO earlier this year, reported the biggest increase for a widely watched measure of quarterly sales in four years

The Independent UK

Target makes a massive comeback under its new CEO

The company says new collaborations with labels like Roller Rabbit resonated with shoppers

AAP

Target books strongest sales growth in 4 years with customers buying into refreshed line up

Target, which embarked on a turnaround plan under its new CEO earlier this year, reported the biggest increase for a widely watched measure of quarterly sales in four years

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news in one place.

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The Economic Times

TGT stock: Why are Target Corp shares rising? Is it the most lucrative stock today at Wall Street?

TGT stock: More customers buying in all six of Target’s main merchandising categories helped deliver the better-than-expected sales, the company said.

AAP

Target books strongest comparable sales growth in 4 years during the first quarter

Target, which embarked on a turnaround plan under its new CEO earlier this year, reported the biggest increase for a widely watched measure of quarterly sales in four years

AAP

Target's comparable sales post the biggest jump in 4 years during the first quarter

Target, which embarked on a turnaround plan under its new CEO earlier this year, reported the biggest increase for a widely watched measure of quarterly sales in four years

AAP

Target's sales at comparable stores record the biggest jump in 4 years during the first quarter

Target, which embarked on a turnaround plan under its new CEO earlier this year, reported the biggest increase for a widely watched measure of quarterly sales in four years

Fortune

McDonald's posts better-than-expected first quarter sales. But higher gas prices threaten demand

“Clearly, when you have elevated gas prices... that is going to disproportionately impact low-income consumers," McDonald's Chairman and CEO Chris Kempczinski said.

Axios

Corporate America shrugging off economic uncertainty as earnings deliver

Corporate America is delivering the goods this earnings season, even as rising energy prices threaten to undermine the momentum.

Fortune

84% of S&P 500 companies have beaten earnings estimates this quarter—and these two words keep coming up

Despite stronger-than-expected Q1 earnings, executives are signaling caution.

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