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KiplingerMay 27, 2022
Stock Market Today: Stocks Snap Weekly Losing Streak
Stocks headed into the long weekend on a high note with all three major indexes posting gains for the week for the first time in a long time. As a a reminder, markets will be closed this Monday, May 30, for Memorial Day.

Boosting investor sentiment today was the latest inflation update, with this morning's report from the Commerce Department showing that the core personal consumption expenditures (PCE) price index - which excludes energy and food prices - rose 4.9% annually in April. While this pace is still elevated, it's down from the 5.2% year-over-year rise seen in March. 

SEE MORE 12 Cheapest Small Towns in America Separate data showed consumer spending was up 0.9% sequentially last month. However, the personal savings - or, savings as a percentage of disposable income - rate fell to 4.4% from March's 5.0%.

The drop in the savings rate indicates "U.S. consumers are now starting to chip away at those much-ballyhooed excess savings [accumulated during the pandemic], to help pay for the spurt in food and energy costs," says Douglas Porter, chief economist at BMO Capital Markets. 

But even with that money already spent, there's still an estimated $2.3 trillion, or more than 9% of gross domestic product, in savings, he adds. "True, they are not well distributed across income cohorts - hence the wildly differing experiences by varying retailers. But, even if just a third of these pandemic savings are spent, this will readily support overall outlays through 2023," Porter says.

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The Motley FoolMay 27, 2022
Market Rebound? Not for These 2 Marijuana Stocks
The overall stock market saw big gains.

CNBC BusinessMay 27, 2022
Judge dismisses Trump federal lawsuit against New York Attorney General Letitia James over her probe of business
Ex-President Donald Trump and his company are being investigated by New York Attorney General Letitia James over valuations of real estate assets.

MarketWatchMay 27, 2022
Futures Movers: U.S. oil benchmark closes at 11-week high with summer driving season set to get under way
Oil futures end with strong weekly gains Friday, as the U.S. and global benchmarks finish at their highest since March.

The Motley FoolMay 27, 2022
3 Top Tech Stocks Under $20 Per Share
The technology sector is rife with bargains after the big pullback in prices.

Google Business NewsMay 27, 2022
Federal judge dismisses Trump's lawsuit against N.Y. attorney general - The Washington Post
Federal judge dismisses Trump's lawsuit against N.Y. attorney general  The Washington PostTrump family must testify in New York fraud investigation, appeals court rules  CBS NewsNew York AG's investigation against Trump can continue, federal judge rules  CNNTrump's Lawsuit Against Letitia James Is Dismissed  The New York TimesTrump must testify in New York probe, appeals court rules  ReutersView Full Coverage on Google News

USA Today MoneyMay 26, 2022
CEO pay up 17% as profits, stocks soar; workers fall behind
CEO media pay hits median of $14.5 million as the economy rebounded in 2021. Much of the compensation is from soaring stock price gains.     
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