: Atmus Filtration’s stock soars 14% in trading debut
Atmus Filtration Technologies Inc.’s stock ATMU soared 14% Friday in their trading debut, after the Cummins Inc. CMI spinoff priced its initial public offering in...
: McCarthy deputy says debt-ceiling talks are ‘up and down’
Debt-ceiling talks are “up and down,” Republican Rep. Patrick McHenry of North Carolina, a key deputy for House Speaker Kevin McCarthy, told reporters on Friday....
: Mester says PCE shows Fed has ‘more work to do’ on interest rates
Cleveland Federal Reserve President Loretta Mester said high inflation and strong consumer spending are sign the central bank likely needs to raise interest rates again...
: Yields on Treasury bills maturing in early June drop more than a full percentage point since Wednesday on debt-ceiling hopes
Growing optimism that a debt-ceiling deal can be reached has led to a dramatic plunge in the rates of Treasury bills maturing between June 1-8....
: Carl Icahn’s investing arm slides another 3% Friday to bring month-to-date losses to 61%
Icahn Enterprises LP’s stock IEP fell another 3% Friday to extend its month-to-date losses to 61%. The stock has been under pressure since a May...
: Oppenheimer upgrades alternatives firm Hamilton Lane to outperform from perform on valuation
Oppenheimer analyst Chris Kotowski on Friday upgraded stock in alternative investment and data firm Hamilton Lane Inc. HLNE to outperform from perform, with a 12-18...
: Fed funds futures traders lift chance of June Fed rate hike to 57% after PCE inflation report
Fed funds futures traders now see a 57.4% likelihood that the Federal Reserve will lift rates again in June after April’s personal consumption expenditures index...
: U.S. stocks open modestly higher after PCE report shows prices continued to climb in April
U.S. stock indexes opened modestly higher on Friday despite a stronger-than-expected reading on April inflation, complicating the Federal Reserve’s decision on whether to keep raising...