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 U.S. stocks close sharply higher Friday, after the Federal Reserve's preferred measure of inflation continued to run hot in April, but cooled from March.
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The overall stock market saw big gains.
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Friday's top personal finance stories.
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Also, dividend stocks, signals of better times for housing and an investing mistake to avoid.
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A gallon has jumped by about 50 cents over the last month as Russia's war in Ukraine has continued to unsettle the global energy market.
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U.S. Treasury yields are little changed in an abbreviated trading day on Friday as traders head into the Memorial Day weekend.
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 Canopy Growth Corp. shares fell 11% in premarket trades Friday after it said its fourth-quarter loss narrowed to C$574.6 million, or $1.46 a share, from C$700 million, or $1.85 a share in the year-ago quarter. Revenue for the three months ended March 31 fell to C$126.1 million from C$167.4 million in the year-ago period. Analysts expected Constellation Brands Inc.-backed backed Canopy Growth to report a loss of 30 cents a share on revenue of C$129.9 million, according to FactSet. Looking ahead, Canopy Growth expects to generate positive adjusted Ebitda in fiscal year 2024, excluding investments in BioSteel drinks and its U.S. THC businesses. "Achieving profitability is critical and we have undertaken additional initiatives to streamline and drive efficiencies for our global cannabis business," said CEO David Klein. "In FY2023, we are focused on executing our path to profitability in Canada, while we continue to invest in high potential opportunities -- particularly in BioSteel, and further developing our U.S. THC ecosystem, which we believe remains significantly under-appreciated by the market." Prior to Friday's trades, shares of Canopy Growth are down 35.5% in 2022 compared to a drop of 25% by the Nasdaq and a loss of 41.9% by the Cannabis ETF .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Private capital funds of funds have continued their "phenomenal run" with a 14-quarter streak of outperforming the rest of the private capital universe, new data from PitchBook shows.
The post Fund of funds continue ‘phenomenal run' outperforming private capital markets with 14-quarter winning streak first appeared on AltAssets Private Equity News.
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Why the Dow finally bounced this week — and is this market resilience for real?
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Oil futures end with strong weekly gains Friday, as the U.S. and global benchmarks finish at their highest since March.
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The effect of a 99-basis point year-over-year drop in profits to 10.19% missing Street estimates of 11.5%, drove Friday morning's opening stock price down, only to recover by noon. A far more forgiving market than last weeks that saw both discount brethren Target and Walmart get walloped.
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Americans boosted spending by 0.9% in April as they went out to eat, rented hotel rooms and bought more new cars, suggesting the economy was still expanding at a steady clip.
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The forecaster predicts the No. 1 cryptocurrency could climb to over $100,000 by later next year, in a run higher that could last up to 2025.
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Some investors turned to nonfungible tokens in search of a haven among digital assets in the first quarter. However, the bets soon turned sour.
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An index of pending U.S. home sales slumped 3.9% in April and fell for the sixth month in a row, signaling a sharp slowdown in the real estate market due to record home prices and rising mortgage rates.
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