Nvidia, Snowflake, VF Corp., DuPont, Live Nation, and More Stock Market Movers

Nvidia stock rises after the chip maker reports better-than-expected earnings and issues a bullish revenue forecast, Snowflake raises its outlook for product revenue growth, and VF Corp. posts a surprise adjusted quarterly loss. 


 
Prices at the Pump Are Dropping Just in Time for Memorial Day Weekend

Preholiday costs are about 5% below their inflation-adjusted average since 2000. 


 
Eurozone Rebound Continues Apace as Germany Leads Way

Germany led a continued recovery in eurozone economic activity in May, according to the latest business surveys, adding to signs that global growth is becoming less reliant on the U.S. 


 
China's New Sovereign Bond Prices Go Haywire

The new 30-year sovereign bonds have seen volatile trade since their debut, suggesting massive appetite for safe-haven assets in China amid a crisis in the property sector. 


 
South Korea Unveils $19 Billion Package for Chip Industry

South Korea is seeking to catch up with international rivals amid soaring demand for advanced chips to power artificial intelligence and other computing. 


 
CFOs Lock in Savings with Interest-Rate Swaps Amid Uncertainty About Fed Cuts

Some companies are saving millions of dollars by entering into interest-rate swaps as they confront the possibility it could be a while before the Federal Reserve cuts rates. 


 
Bank of Korea Holds Rate Steady, Raises Growth Forecast

South Korea's central bank held its base rate steady as widely expected and raised its 2024 economic growth forecast, signaling a delay in its pivot toward policy easing. 


 
Singapore's Economy on Track as Inflation Steadies, Trade Improves

Trade data was a bright spot for export-reliant Singapore, helping cement economists' expectations for stronger growth this year. 


 
Congress to Fund U.S. Deep-Sea Mining Project

Pentagon to explore feasibility of ocean-floor mineral refining in U.S., according to documents seen by the Journal, amid concerns over China's control of key minerals. 


 
Fed Officials Saw Longer Wait for Rate Cuts After Inflation Setbacks

Minutes of their last meeting revealed some officials were open to raising rates if inflation reaccelerated.


(END) Dow Jones Newswires

05-23-24 0715ET