Brian Swint

With more than half the votes counted, Peltz's nominations for Disney's board are losing, The Wall Street Journal reported. Recommended Stories

Technology stocks are holding steady after taking a knock earlier this week. The index dropped on Wednesday, when hot inflation data lowered the chances of Federal Reserve interest-rate cuts coming soon. Lower interest rates tend to boost tech stocks, and the prospect of rates staying higher tends to hurt them.

The hot ticket in Washington, D.C. this week was President's Joe Biden's state dinner for Japanese Prime Minister Fumio Kishida.

Bernanke, who guided the U.S. through the 2008-09 financial crisis and won the Nobel Prize in 2022 for his work on the impact of bank runs in markets, noted that recent shocks were difficult to foresee.

Mining stocks were among the worst performing in the premarket after gold futures took a step back on Monday. Freeport-McMoRan Inc was down 1.5% before the market opened.

U.S. stock futures were pointing up early Tuesday after falling the previous two sessions on worries that the Federal Reserve will have to maintain high interest rates to keep inflation under control.

Stock Futures Are Rising After Fed's Powell Dents Rate-Cut Hopes

U.S. stock futures pointed up early Thursday after the Federal Reserve’s Beige Book, a summary of economic conditions in U.S. regions, offered encouraging news about the outlook.

Apple sales of iPhones in China dropped by 19% in the first quarter, extending the company’s rough patch in one of its most important markets. It was the worst performance for the iPhone in China in the January-March period since Covid-19 struck in 2020, Counterpoint Research reported. The drop came even as the overall market for phones grew, and Apple lost market share to rivals including Huawei Technologies.

The deal highlights the strengthening demand for metals such as copper in artificial intelligence and electric vehicles.