
ECB Can Wait Until September to Even Discuss Next Rate Move, Vujcic Says
The European Central Bank should wait until at least September to have an in-depth discussion about an interest-rate move, according to Governing Council member Boris Vujcic.
'We feel that we are now in a very good position,' the Croatian central-bank chief told Bloomberg Television. 'It's worth now waiting to get more data and in my view, to get another projection before we decide where we want to go and hopefully by that time get more clarity on the on the trade relationships.'
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Bloomberg
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Chanos Hits Back Strategy's Saylor, Calling Him a ‘Salesman'
Famed short-seller Jim Chanos denounced Strategy's Michael Saylor for using a misleading model to value his crypto-treasury firm and reemphasized his recommendation to short its shares and buy Bitcoin instead. 'Michael Saylor is a wonderful salesman,' Chanos said during a Bloomberg TV interview on Wednesday. While the executive chairman of Strategy argued his business should not be valued just on the basis of its Bitcoin holdings, Chanos called that 'financial gibberish.'


New York Post
an hour ago
- New York Post
GM doubles down on American manufacturing with $4B investment
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Wall Street Journal
an hour ago
- Wall Street Journal
Stock Indexes Slip After Muted Inflation Report - Minute Briefing
President Trump responded by repeating calls for the Federal Reserve to cut interest rates by a full percentage point. Plus: shares of nuclear-technology company Oklo surged after it was selected to power an Alaskan Air Force base. And stock in General Motors rose after it announced a $4 billion plan to produce more vehicles in the U.S. Danny Lewis hosts. Full Transcript This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Danny Lewis: Here's your closing bell brief for Wednesday, June 11th. I'm Danny Lewis for the Wall Street Journal. Stock indexes slipped after a muted inflation report. The Dow Jones Industrial Average remained about flat, falling a point to close at 42,866. The S&P 500 lost 17 points, and the NASDAQ declined 99 points. Fresh data showed the annual rate of inflation edged up to 2.4% in May, a 10th of a percent from the month before. That matched economists' expectations, but monthly inflation undershot forecasts at 0.1%. And core consumer price index readings were softer than expected. President Trump responded to the data by repeating calls for the Federal Reserve to slash interest rates by a full percentage point. And after negotiators work this week getting the trade truce between the U.S. and China back on track, Treasury Secretary Scott Bessent said the Trump administration might extend its 90-day pause on reciprocal tariffs with countries it views as negotiating in good faith. In individual companies trading today. Shares of nuclear technology company Oklo surged 20.5% after it was selected to power an Alaskan Air Force Base. Pet supplies retailer Chewy logged stronger than expected quarterly results, but investors were disappointed by its annual sales outlook. Shares dropped 11%. And shares of General Motors rose almost 2% after it announced a $4 billion plan to produce more vehicles in the U.S. in order to avoid tariffs. We'll have a lot more coverage of the day's news on the WSJ's What's News Podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.