News

U.S. stocks opened, with the Dow Jones Industrial Average rising 0.8%, the S&P 500 Index rising 0.21%, and the Nasdaq Composite Index rising 0.09%. Star technology stocks saw mixed gains and losses. Cisco (CSCO.O) rose by more than 15%, Nvidia (NVDA.O) rose by 1.8%, and their stock prices continued to hit record highs. Intel (INTC.O) fell by 4.5%, Alibaba (BABA.N) fell by 3.5%, and Qualcomm (QCOM.O) fell by more than 2%.

Market news: The U.S. Department of Labor under Trump has revoked former U.S. President Biden’s overtime expansion policy.

European Commission President Von der Leyen: will continue to strengthen support for Ukraine; a 6 billion euro drone support plan is being finalized. At the same time, we impose increasingly tough sanctions on Russia's war economy.

U.S. Central Command: 70 ships have been rerouted since the blockade began.

European Mediterranean Seismological Center: A 5.5-magnitude earthquake occurred in Colombia.

Canada's wholesale inventories increased at an annual rate of 7.3% in March, compared with 4.3% in the previous month.

Canadian wholesale sales in March were at an annual rate of 3.3%, down from 1.2% in the previous month.

Canada's wholesale inventory rate in March was 0.3%, down from -0.3% in the previous month.

U.S. core retail sales in April were US$617.856 billion, compared with the previous value of US$612.436 billion.

U.S. retail sales in April were US$757.085 billion, compared with the previous value of US$752.063 billion.

The annual rate of the U.S. import price index in April was 4.2%, expected to be 3%, and the previous value was 2.10%.

The annual rate of the U.S. export price index in April was 8.8%, expected to be 6.6%, and the previous value was 5.60%.

The U.S. import price index recorded a monthly rate of 1.9% in April, the largest increase since March 2022.

The monthly wholesale sales rate in Canada in March was 1.9%, which was expected to be 1.4% and the previous value was 2.00%.

U.S. core retail sales in April were 0.7% on a monthly basis, expected to be 0.6%, and the previous value was 1.90%.

The U.S. retail sales comparison group in April was 0.5%, expected to be 0.4%, and the previous value was revised from 0.70% to 0.8%.

The U.S. export price index in April was 3.3% on a monthly basis, which was expected to be 1.1%. The previous value was revised from 1.60% to 1.5%.

The number of people continuing to apply for unemployment benefits in the United States in the week ending May 2 was 1.782 million, compared with the expectation of 1.79 million. The previous value was revised from 1.766 million to 1.758 million.

The monthly rate of U.S. retail sales in April was 0.5%, which was expected to be 0.5% and the previous value was 1.70%.

Cuban Foreign Minister: For the first time, the U.S. government has publicly and formally proposed providing $100 million worth of assistance to Cuba through a State Department statement. It is unclear whether the aid will be provided in the form of cash or goods, and whether it will be used to meet the Cuban people's most urgent needs, such as fuel, food and medicine.