US producer prices rose 1.4 percent in April
The Producer Price Index rose 1.4% in April to reach an annual rate of 6.0%, the largest increase since 2022.
Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
AI demand drives chip hubs to record profits despite fuel scarcity
Taiwan reported first-quarter GDP growth of 13.69 percent, marking a 39-year high as its equity market surpassed Canada’s to become the sixth-largest in the world.
US existing home sales miss spring growth expectations
Existing home sales in the U.S. edged up only 0.2% in April, missing economist expectations for a seasonal spring rebound.
Hyperscalers increase data center budgets as semiconductor market target hits $1.5 trillion
Taiwan Semiconductor Manufacturing raised its 2026 revenue growth outlook and now expects the total semiconductor market to reach $1.5 trillion by 2030.
Rising gas prices and housing data push April inflation estimates higher
Economists project the April Consumer Price Index will rise 3.7% annually as gas prices surge past $4.50 a gallon following the outbreak of war in late February.
S&P 500 sets records as AI spending fuels 16 percent rally
The S&P 500 set a record high while more constituent stocks hit new lows than new highs, marking only the third time such a divergence has occurred since 1990.
TSMC forecasts semiconductor market to reach 1.5 trillion dollars by 2030
Taiwan Semiconductor Manufacturing estimates the global semiconductor market will reach $1.5 trillion by 2030, doubling projected 2025 spending.
Oil prices climb as Trump declares US-Iran ceasefire on life support
Donald Trump rejected Tehran's latest response to a U.S. proposal, stating that the potential ceasefire between the two nations is on massive life support.
April CPI expected to rise 3.7 percent as energy prices jump
Economists expect the April CPI to rise 3.7% annually as gasoline prices surge past $4.50 a gallon following the outbreak of war between the U.S. and Iran.
S&P 500 reaches record highs as market breadth narrows
The S&P 500 closed 7.7% above its 50-day moving average while only 52% of its individual stocks traded above their own 50-day averages.
April payrolls beat expectations with 65,000 jobs, but hiring remains weak
Employers were expected to add 65,000 jobs in April, down from March's 178,000 gain.
April jobs report keeps Fed on hold as unemployment rate stays at 4.3%
Traders have priced out any Fed rate cut through April 2031, as officials said inflation remains above target.