Poonkulali Thangavelu

RT @YahooFinance: US labor market adds 139,000 jobs in May, unemployment holds steady at 4.2% https://t.co/sVO19Gba5a by @_JoshSchafer

RT @YahooFinance: US trade deficit narrows sharply in April; imports post record drop https://t.co/aXR4JPg8oK https://t.co/UlgPobwQ9t

RT @CNBC: Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows https://t.co/guLJiKbxMd

RT @BloombergTV: Orders for business equipment placed with US factories declined in April by the most since October. Bookings for all dur…

Coinbase Global, a crypto trading platform, was recently added to the S&P 500 index. Stock Takes looks into the investment potential of Coinbase Global stock. Will Coinbase gain more currency following its addition to S&P 500 index? https://t.co/2PcXFwEglj https://t.co/6CXZsLC1Hp

RT @odetakushi: Builders off to a better Spring than expected, despite higher rates in April. New home sales in April were at a seasonally-…

Existing-Home Sales Edged Lower by 0.5% in April https://t.co/tPcetw1sY0

Disney is planning a new theme park, its 7th, in Abu Dhabi. The company's been impacted by mgmt issues & a post-covid sales drop-off and is still finding its streaming footing. Will Disney’s moat get stronger as it sprinkles its magic dust on Abu Dhabi? https://t.co/08UgjhKdUm https://t.co/onDd4aPuQD

RT @odetakushi: 🔴Permits, an indicator of future groundbreaking, decreased to a rate of 1.412, below consensus expectations of 1.45 million…

Consumer sentiment hits second-lowest reading on record https://t.co/8gpBEj0CcH

RT @axios: JUST IN: American consumers slowed spending in April after a tariff-fueled purchasing boom https://t.co/9cwCRItwjd

Inflation rate rose by 2.3% in April, CPI report shows. Here's what the data means. https://t.co/1NWod0Fn6t via @cbsmoneywatch

Powell: Tariffs announced were higher than anticipated and administration's trade talks could change the picture. It's important to see how that shapes up and #Fed can't make conclusions. We see shipping data and all that. but it's up to the administration to take action.

Powell: If #Fed's two goals are in tension, it could be a challenging situation. In 2022, it was clear that we had to focus on inflation. Right now, there is no need to make a choice and there is no basis for doing this. Can't speculate on fiscal policies relating to spending.

Powell: #Fed will not play big role relating to climate policies, haven't done much. it's dangerous for us to take on things not related to our mandate. Fed also hasn't had target employment rates for individual groups.

Powell: If businesses and individuals continue to postpone economic decisions, could have a negative impact, but it hasn't yet happened. #Fed doesn't see impact in actual data yet, such as credit card spending.

Powell: Trump's call for rate cuts doesn't affect our goals. #Fed will only consider data, outlook. Uncertainty about the path of economy is "extremely elevated" but risks to employment, inflation haven't materialized yet. We will wait and watch until we get more clarity.