Money Report

European stocks are set to open in positive territory Thursday, buoyed by a relief rally for global markets following softer-than-expected U.S. inflation data.

Analysts say the relationship is nuanced, deeper than a “marriage of convenience,” and complex on a number of fronts.

As the nation’s largest retailer and private employer, Walmart is often seen as a bellwether for the U.S. economy.

Putin’s visit to China comes at the invitation of Xi and will be the Russian leader’s first foreign trip since he began his fifth term in office last week.

A new report suggests that workers at some of its suppliers are still clocking 75 hours a week, despite assurances the company would improve labor standards. 

In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China. 

For the first time this year, inflation cooled more than expected, propelling stocks to record highs.

Asia-Pacific stocks tracked strong gains on Wall Street, while investors assessed Japan’s first-quarter GDP data.

Pinterest CEO Bill Ready told CNBC’s Jim Cramer that the company is attracting new users, especially those in Generation Z, by focusing on positive content.

China will still be an important market in the years to come, said Peak XV, despite firms diversifying away from the country amid geopolitical concerns.

“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.

CNBC’s Jim Cramer noted that industrial, utility and tech stocks are going up at the same time.

The major averages popped to fresh closing highs, lifted by a softer-than-anticipated consumer inflation report.