Caitlin Mccabe

The smart money on Wall Street is betting on this current bull run. After aggressively pulling back from the market just a couple weeks ago, hedge funds are piling back in. They bought global equities for a second straight week in the five trading days through last Thursday, according to a note fro

Oil prices are paring their gains after touching $90 this morning as hopes for a deal to reopen the Strait of Hormuz dimmed, reigniting inflation fears.

The effect of Tokyo and Washington’s joint yen intervention is continuing to wear off. The yen is weakening again today to trade around 159.34 per dollar. That puts it not far off from its key 160 level—often considered the threshold where policymakers step in.It’s quite the reversal for the Japa

Oil prices erased their early-morning gains following reports of progress in Mideast peace negotiations. Brent crude futures fell to around $87 a barrel.

The early good vibes are fading a bit in afternoon trading, with major indexes slipping and oil prices bouncing off their session lows.

Stocks tied to the AI trade are back on top this morning after stellar results from CoreWeave and Super Micro Computer. Cloud-computing company CoreWeave reported its fifth consecutive quarter of record revenue and a sa

Traders are roughly divided on whether the Federal Reserve will hike rates next month. Today's CPI report could significantly shift those expectations. A softer-than-expected print today "would all but rule out a September hike," write Bank of America strategists led by Alex Cohen in a note today.

All eyes are on the July CPI print this morning. Here's what to watch for: Economists surveyed by The Wall Street Journal expect the report to show consumer prices to have increased 0.1% month-over-month after decreasing 0.4% in June. On a year-over-year basis, inflation is expected to have inc

The early good vibes faded a bit in afternoon trading, with major U.S. stock indexes slipping.

That’s the probability traders now assign to the Federal Reserve holding rates steady through year-end, according to CME Group data. It's a noteworthy change from just a month ago, when that probability stood closer to 11%. A hike later this year is still seen as the most likely scenario. But after