CFTC files alongside Gemini to nullify $5M settlement, says current management wouldn't have pursued case

Fed's Jefferson: Inflation risks remain tilted to upside, but expects easing later this year as tariff and energy shocks fade. Warns energy shocks pose downside risks to growth.

FedJefferson said risks to the inflation outlook remain tilted to the upside, though he expects price pressures to ease later this year as tariff and energy shocks fade. He added that the US economy has remained solid, but warned energy shocks pose downside risks to growth.

Idaho chip maker achieves fastest-ever $1 trillion valuation. The company's market cap hit the milestone in record time.

An Idaho chip maker achieved the fastest run to a $1 trillion valuation ever recorded.

Snowflake Q1 revenue rises 33% to $1.39B, beating estimates; stock jumps 29% after hours

Snowflake's Q1 revenue rose 33% year-over-year to $1.39 billion, beating analyst estimates of $1.32 billion. The company also announced a $6 billion commitment to AWS over five years, sending shares up over 29% in after-hours trading.

Shanxi coal disaster likely to reduce Chinese coal output, raising costs for steelmakers, power plants and chemical manufacturers

The Shanxi coal disaster is expected to reduce Chinese coal output in the near term, increasing costs for steelmakers, power plants, and chemical manufacturers.