What we’re reading (5/27)
“Stock Market Today: Dow, S&P 500, Nasdaq Soar As Trump Pauses EU Tariff Hikes For Fast-Tracked Talks” (Yahoo! Finance). “US stocks surged on Tuesday, buoyed by improved prospects for a US-EU trade agreement after President Trump delayed the implementation of 50% tariffs on imports from the European Union.”
“Consumer Confidence For May Was Much Stronger Than Expected On Optimism For Trade Deals” (CNBC). “Consumer optimism got a much-needed boost in May on hopes for trade peace between the U.S. and China, according to a survey Tuesday. The Conference Board’s Consumer Confidence Index leaped to 98.0, a 12.3-point increase from April and much better than the Dow Jones consensus estimate for 86.0.”
“Nvidia To Report Q1 Earnings As Middle East Deals, Export Control Reprieve Boost Stock” (Yahoo! Finance). “Nvidia (NVDA) will report its fiscal first quarter results after the bell on Wednesday in the most-anticipated earnings announcement of the season. Nvidia stock has fluctuated wildly since the start of the year as the company has dealt with setbacks ranging from the Trump administration's ban on shipments of its H20 chips bound for China to concerns related to expected semiconductor tariffs.”
“Rural Internet Is Still So Bad, Some States Are Turning To Outer Space” (Wall Street Journal). “From Maine to Nevada, states are starting to help some of the 24 million Americans who lack reliable broadband pay for satellite internet, rather than focusing such aid primarily on fiber connectivity as they have in the past. Fiber-optic cables provide the most reliable internet service and the most durable infrastructure, but are costly to install. For remote addresses, the cost of laying fiber to a single home can potentially top six figures.”
“The Rise And Fall Of Plastic Perks” (Business Insider). “[I]f our next downturn follows more historic patterns, credit card reward users may find themselves in a more tenuous spot. In the face of increased economic uncertainty, some airline rewards are already jacking up annual fees and limiting where perks can be used. In the event things really go south, the benefits will likely become less generous — the consumers who signed up to get blockbuster points deals might find card companies changing their perks. For the subset of consumers who use these rewards to bolster a lifestyle they might not otherwise be able to swing, that could be a real shock.”
