⁠Wall St Engine
JPMorgan’s April credit card net charge-off rate dropped to 1.67% from 1.85% in March, still below April 2019’s 2.51%. Delinquency rate stayed at 0.89%, flat M/M and below pre-pandemic levels. Receivables rose 1.6% M/M to $12.4B.
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⁠Wall St Engine
Coinbase offers $20M bounty after attackers stole data from <1% of users by bribing overseas support agents, then demanded $20m in btc. no passwords or funds were exposed. coinbase refused to pay, involved law enforcement, & will reimburse affected users
https://t.co/skdldqgvca
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⁠Wall St Engine
BLACKROCK CEO LARRY FINK SAYS MARKETS HAVE BEEN DISRUPTED, BUT RISKS AREN'T SYSTEMIC - ANNUAL MEET
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⁠Wall St Engine
Walmart is prepping for a future where AI agents shop for us. The company’s building its own in-app bots while also planning for third-party agents like OpenAI’s Operator. $WMT is rethinking how it lists, prices, and advertises products—not just for people, but for algorithms. “Advertising will have to evolve,” says Walmart’s U.S. CTO.
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⁠Wall St Engine
JPMORGAN CEO JAMIE DIMON ON RECESSION: `I WOULDN'T TAKE IF OFF THE TABLE'
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⁠Wall St Engine
JPMorgan CEO Dimon:

“There’s good volatility & bad volatility. I’d expect continued volatility. So far, this one’s been the good kind, but I wouldn’t count on it being the same next time. More volatility’s actually a plus for traders—it means wider spreads & more trading volume” https://t.co/tl74SUmZMy
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⁠Wall St Engine
US APRIL RETAIL SALES RISE 0.1% M/M; EST. +0.0%
US APRIL RETAIL SALES EX-AUTO RISE 0.1% M/M; EST. +0.3%

US APRIL RETAIL SALES EX AUTOS, GAS RISE 0.2% M/M; PREV. 0.8%
US APRIL RETAIL 'CONTROL GROUP' SALES FALL 0.2% M/M; EST. +0.3%
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⁠Wall St Engine
US APRIL PRODUCER PRICES FALL 0.5% M/M; EST. +0.2%
US APRIL PRODUCER PRICES RISE 2.4% Y/Y; EST. +2.5%

US APRIL CORE PPI FALLS 0.4% M/M; EST. +0.3%
US APRIL CORE PPI RISES 3.1% Y/Y; EST. +3.1%
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⁠Wall St Engine
US JOBLESS CLAIMS 229,000 IN MAY 10 WEEK; EST. 228K
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⁠Wall St Engine
U.S. Philly Fed Business Conditions just hit their second-best level in the past four years. https://t.co/Grme23F6Og
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⁠Wall St Engine
BLACKROCK CEO LARRY FINK: "THE STRENGTH OF THE ENTIRE FINANCIAL SYSTEM IS SAFE AND SOUND"
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⁠Wall St Engine
Fed's Powell: We may be entering a period of more frequent, and potentially more persistent, supply shocks—a difficult challenge for the economy and for central banks
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⁠Wall St Engine
POWELL: APPROPRIATE TO RECONSIDER AVERAGE INFLATION TARGETING
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⁠Wall St Engine
INDIA SAYS MANY FTAS TO BE CONCLUDED ‘VERY SOON’
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⁠Wall St Engine
A big part of the PPI drop (-0.5% MoM, the lowest since 2020) came from a sharp pullback in airfare and a steep 6.9% drop in PPI for portfolio management in April—that's the biggest decline since July 2022. The selloff in equities played a major role in that drop.
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⁠Wall St Engine
CHINA 🇨🇳 TO TIGHTEN CONTROL OVER AI DATA CENTERS: INFORMATION
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