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Markets raise chances for a Fed rate hike following hot inflation report

TazaPulseMay 12, 2026

A customer shops for produce in an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty Images Traders moved further away Tuesday from expecting any Federal Reserve interest rate cuts and in fact began anticipating a higher probability that the next move would be a hike. Following a hotter-than-expected inflation...

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CPI inflation April 2026:

TazaPulseMay 12, 2026

Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, raising further concerns about the inflationary impact on the U.S. economy. The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the Bureau of Labor Statistics reported...

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EBay rejects GameStop takeover bid: ‘Neither credible nor attractive’

TazaPulseMay 12, 2026

EBay on Tuesday rejected GameStop‘s $56 billion takeover proposal, calling the unsolicited bid “neither credible nor attractive.” GameStop CEO Ryan Cohen last week unveiled an audacious bid for eBay, offering to acquire the online marketplace for $125 per share in a cash-and-stock deal. EBay is much larger than the video game retailer, with a market...

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Hims & Hers plummets 16% after first-quarter loss, weak guidance

TazaPulseMay 12, 2026

Piotr Swat | Lightrocket | Getty Images Telehealth company Hims & Hers’ stock plummeted in early trading Tuesday after posting a first-quarter loss and weak earnings guidance for the year ahead. The digital health firm reported a net loss of $92 million in its first quarter earnings on Monday, compared with roughly $50 million for...

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EU to crack down on TikTok, Instagram ‘addictive design’ hooking kids

TazaPulseMay 12, 2026

The TikTok app logo is seen in this photo illustration taken in Warsaw, Poland on 18 November, 2024. Nurphoto | Nurphoto | Getty Images The EU is clamping down on social media firms and plans to target “addictive design” features on TikTok and Instagram as governments worldwide look to protect children from the harms of...

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The quiet rise of trading desks

TazaPulseMay 12, 2026

An employee of Basra Oil Company, works at the Nahr Bin Umar Oil and Gas Field on the outskirts of the southern Iraqi city of Basra on April 29, 2026. Hussein Faleh | Afp | Getty Images Oil and gas giants benefited significantly from their trading desks through the first quarter, shining a light on...

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The stock market has only done this 3 times since the Gulf War. It’s not a good sign

TazaPulseMay 12, 2026

The poor breadth in the stock market is starting to worry investors. The S & P 500 rose to all-time highs on Monday, climbing above 7,400 as artificial intelligence continued to push the broader index farther above its March low; stocks are up more than 17% since falling to 6,316.91 on March 30. Memory stocks,...

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Trump, Congressional Republicans float gas tax holiday amid Iran war

TazaPulseMay 11, 2026

A sign displays the prices of unleaded, premium, and diesel gasoline at a Speedway gas station in Columbus, Ohio, US, on Monday, May 11, 2026. Brian Kaiser | Bloomberg | Getty Images President Donald Trump and congressional Republicans are proposing suspending the federal gas tax as prices at the pump continue to soar ahead of...

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GM lays off 500-600 salaried IT workers to cut costs

TazaPulseMay 11, 2026

The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT – General Motors is laying off hundreds of salaried employees in its information technology operations as the automaker reevaluates its workforce needs and cuts costs, CNBC has learned. The global reductions began Monday and will impact about...

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Hantavirus cases spark surge in pharma, biotech stocks — here’s why

TazaPulseMay 11, 2026

ILLUSTRATION of hantavirus testing concept with laboratory tubes containing cotton swabs and HANTAVIRUS labels photographed in front of a public domain hantavirus related microscopic image released by the U.S. Centers for Disease Control and Prevention in Paris, France, May 8, 2026. Joao Luiz Bulcao | Afp | Getty Images Some pharmaceutical stocks surged on Monday...