MSFT Dumps As CapEx Disappoints, Despite Top- & Bottom-Line Beat

Futures Flat Ahead Of CPI, Ceasefire Negotiations US equity futures are flat, recovering from an earlier drop, and set to extend a seven-day rally, the longest since October, as investors looked to talks between the US and Iran for signs a fragile truce can hold while bracing for a big jump in today's CPI report (full preview here). As of 8:00am ET, S&P futures were up 0.1%,on track for their biggest weekly advance in almost a year. Nasdaq futures rose 0.2%, its winning streak is the longest since September,  led once...

Continuing Jobless Claims Tumble To 2-Year Lows The number of Americans filing for jobless benefits for the first time rose from 203k to 219k last week (higher than the expected 210k), but still hovering within the low-low range of the last four years... Source: Bloomberg New Jersey and Oregon saw the largest WoW rise in initial claims while Texas and New York saw the biggest decline... But, while initial claims rose, continuing jobless claims tumbled to the lowest level since May 2024... Source: Bloomberg Soft survey data continues to signal a stressed labor market, while...

Swalwell Quits CA Governor's Race Amid Sexual Assault Allegations Update: Swalwell suspended his California gubernatorial campaign on Sunday as furor over his sex assault allegations reached a fever pitch. "To my family, staff, friends, and supporters, I am deeply sorry for mistakes in judgment I’ve made in my past," he wrote on X. "I will fight the serious, false allegations that have been made — but that’s my fight, not a campaign’s."  I am suspending my campaign for Governor. To my family, staff, friends, and supporters, I am deeply sorry for mistakes in judgment I’ve...