Latest news with #NFIBSmallBusinessOptimismIndex
Business Standard
3 days ago
- Business
- Business Standard
Wall Street Rises Ahead of Inflation Data; Gold and Oil Slip on US
Stocks gain modestly as investors await inflation reports; NFIB index up but gold and oil dip amid cautious sentiment and global trade concerns. The Dow climbed 105.11 points or 0.25 percent to finish at 42,866.87, while the NASDAQ gained 123.75 points or 0.63 percent to close at 19,714.99 and the S&P 500 added 32.93 points or 0.55 percent to end at 6,038.81. The National Federation of Independent Business said the NFIB Small Business Optimism Index in the US increased to 98.8 in May 2025. a lack of major U.S. economic data probably kept traders on the sidelines as they look ahead to the release of crucial reports on consumer and producer price inflation in the coming days. European stocks turned in a mixed performance. the mood remained cautious in most of the markets amid a lack of any significant economic data or earnings news from the region. Crude oil prices were down amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. West Texas Intermediate crude oil for July delivery closed down by $0.31 to settle at $64.98 per barrel. Gold prices dipped ahead of US inflation report and ongoing US-China official talks which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.54 today.
Yahoo
4 days ago
- Business
- Yahoo
GameStop earnings, small business optimism: What to Watch
Market Domination Overtime hosts Josh Lipton and Julie Hyman take a look at the top stories to watch on Tuesday, June 10. More earnings reports will be released tomorrow, including from Dave & Buster's (PLAY) and GameStop (GME). GameStop will report its first quarter results after the bell, coming as the company expands into crypto with more than 4,700 bitcoin (BTC-USD) added to its balance sheet. The NFIB Small Business Optimism Index for the month of May will be released in the morning. Economists expect the number to hold steady from April at 95.8. Apple's (AAPL) Worldwide Developers Conference (WWDC) will continue into day two in Cupertino, California. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Sign in to access your portfolio
Yahoo
11-03-2025
- Business
- Yahoo
JOLTS, NFIB Optimism, Dick's, Viking, Kohl's: What to Watch
Julie Hyman and Josh Lipton take a look at the upcoming top stories for Tuesday, March 11. The monthly Job Openings and Labor Turnover (JOLTS) report for January will be released Tuesday morning and is expected to show 7.67 million openings, which would signal stronger demand for workers. The NFIB Small Business Optimism Index will also be released in the morning and is forecast to drop to a reading of 101. Meanwhile, earnings reports from Viking Holdings (VIK), Dick's Sporting Goods (DKS), and Kohl's (KSS) are also on the Tuesday agenda, with Dick's expecting positive same-store sales. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Josh Lynch Sign in to access your portfolio
CNN
05-03-2025
- Business
- CNN
Fact-checking Trump's address to Congress
President Donald Trump made numerous false claims in his Tuesday speech to a joint session of Congress. The falsehoods spanned a variety of topics, including the Department of Government Efficiency, inflation and immigration. Here is a fact check of some of Trump's statements: Small-business optimism: President Donald Trump said during his joint address to Congress on Tuesday that 'small-business optimism saw its single-largest one-month gain ever recorded — a 41-point jump.' This claim needs context. If Trump was referring to the commonly cited NFIB Small Business Optimism Index (his spokespeople didn't respond to a previous CNN request to clarify), his claim about a 41-point increase appears to be a reference to one component — the percentage of small-business owners expecting the economy to improve. That measure did soar a net 41 percentage points from pre-election October to post-election November. And Trump didn't mention that the total index then declined in January, to a level that is still high but lower than it was under Trump in September 2020 and October 2020 – less than five years ago. From CNN's Daniel Dale Trump and 'the Green New Scam': In his speech to Congress on Tuesday, President Donald Trump claimed that he terminated the 'Green New Scam.' This claim is inaccurate in various ways. Former President Joe Biden didn't pass the original 'Green New Deal,' a nonbinding resolution introduced by progressive congressional Democrats in 2019 that was never turned into law. Trump hasn't yet terminated the major environmental law Biden did pass, which is what Trump might be referring to as 'the Green New Scam.' Trump has previously claimed the policy cost $9 trillion. Biden signed a law in 2022 known as the Inflation Reduction Act, or IRA, containing $430 billion in climate and clean energy spending and tax credits. Independent estimates later raised the cost of that law to over $1 trillion by 2032, but the IRA actually saved the government $240 billion because of its increased tax enforcement and prescription drug savings, according to the Committee for a Responsible Federal Budget. And importantly, the IRA's tax credits spurred companies to build new factories and solar and wind farms in the US, creating jobs with it. Trump and congressional Republicans haven't killed the law, although they are aiming to take parts of it out later this year. Trump has effectively killed other climate policies Biden imposed through executive order, but it will take an act of Congress to reverse the former president's signature climate bill. From CNN's Ella Nilsen Illegal border crossings: Trump claimed that, since taking office again, he has already achieved the lowest number of illegal border crossings 'ever recorded.' That's false. He could have accurately said the number of Border Patrol apprehensions at the southern border in February – the first full month of his second term – is the lowest in many decades, at least if it's true that the number was 8,326, as he claimed on social media before the speech. But official federal statistics show there were fewer Border Patrol encounters with migrants at the southwest border in some of the months of the early 1960s. From CNN's Daniel Dale and Devan Cole Weaponizing the Justice Department: Trump claimed that then-President Joe Biden used his office to 'viciously' prosecute him. That's false. Trump's two federal indictments were brought by a special counsel, Jack Smith. Smith was appointed in November 2022 by Attorney General Merrick Garland, a Biden appointee, but that is not proof that Biden was involved in the prosecution effort, much less that Biden personally ordered the indictments. Garland had said that he would resign if Biden ever asked him to act against Trump but that he was sure that would never happen. For Trump's part, he has never provided any evidence that Biden was personally involved in the federal prosecutions. The two cases were dropped by Smith after Trump was reelected. From CNN's Daniel Dale and Devan Cole
CNN
05-03-2025
- Business
- CNN
Fact-checking Trump's address to Congress
President Donald Trump made numerous false claims in his Tuesday speech to a joint session of Congress. The falsehoods spanned a variety of topics, including the Department of Government Efficiency, inflation and immigration. Here is a fact check of some of Trump's statements: Small-business optimism: President Donald Trump said during his joint address to Congress on Tuesday that 'small-business optimism saw its single-largest one-month gain ever recorded — a 41-point jump.' This claim needs context. If Trump was referring to the commonly cited NFIB Small Business Optimism Index (his spokespeople didn't respond to a previous CNN request to clarify), his claim about a 41-point increase appears to be a reference to one component — the percentage of small-business owners expecting the economy to improve. That measure did soar a net 41 percentage points from pre-election October to post-election November. And Trump didn't mention that the total index then declined in January, to a level that is still high but lower than it was under Trump in September 2020 and October 2020 – less than five years ago. From CNN's Daniel Dale Trump and 'the Green New Scam': In his speech to Congress on Tuesday, President Donald Trump claimed that he terminated the 'Green New Scam.' This claim is inaccurate in various ways. Former President Joe Biden didn't pass the original 'Green New Deal,' a nonbinding resolution introduced by progressive congressional Democrats in 2019 that was never turned into law. Trump hasn't yet terminated the major environmental law Biden did pass, which is what Trump might be referring to as 'the Green New Scam.' Trump has previously claimed the policy cost $9 trillion. Biden signed a law in 2022 known as the Inflation Reduction Act, or IRA, containing $430 billion in climate and clean energy spending and tax credits. Independent estimates later raised the cost of that law to over $1 trillion by 2032, but the IRA actually saved the government $240 billion because of its increased tax enforcement and prescription drug savings, according to the Committee for a Responsible Federal Budget. And importantly, the IRA's tax credits spurred companies to build new factories and solar and wind farms in the US, creating jobs with it. Trump and congressional Republicans haven't killed the law, although they are aiming to take parts of it out later this year. Trump has effectively killed other climate policies Biden imposed through executive order, but it will take an act of Congress to reverse the former president's signature climate bill. From CNN's Ella Nilsen Illegal border crossings: Trump claimed that, since taking office again, he has already achieved the lowest number of illegal border crossings 'ever recorded.' That's false. He could have accurately said the number of Border Patrol apprehensions at the southern border in February – the first full month of his second term – is the lowest in many decades, at least if it's true that the number was 8,326, as he claimed on social media before the speech. But official federal statistics show there were fewer Border Patrol encounters with migrants at the southwest border in some of the months of the early 1960s. From CNN's Daniel Dale and Devan Cole Weaponizing the Justice Department: Trump claimed that then-President Joe Biden used his office to 'viciously' prosecute him. That's false. Trump's two federal indictments were brought by a special counsel, Jack Smith. Smith was appointed in November 2022 by Attorney General Merrick Garland, a Biden appointee, but that is not proof that Biden was involved in the prosecution effort, much less that Biden personally ordered the indictments. Garland had said that he would resign if Biden ever asked him to act against Trump but that he was sure that would never happen. For Trump's part, he has never provided any evidence that Biden was personally involved in the federal prosecutions. The two cases were dropped by Smith after Trump was reelected. From CNN's Daniel Dale and Devan Cole
