Shares of #China’s #Zeekr Intelligent #Technology were expected to #start trading on the #New_York_Stock Exchange on Friday, after the electric-vehicle maker’s initial public offering was priced at the top end of its marketed range. The debut would mark the first #major U.S. listing by a Chinese #company since 2021 amid fierce competition in China […]

  The #USA_Federal_Reserve is likely to cut interest rates this year, according to #Atlanta #Federal Reserve President #Raphael #Bostic, even if the timing remains uncertain. “I still have that belief” that interest rates can be lowered this year, Bostic said in an interview with #Reuters published earlier Friday, despite inflation remaining well above the central

  #USA_equity funds registered their first weekly inflow in six weeks in the seven days to May 8 thanks to a softer than anticipated payrolls report that revived hopes that the #Federal_Reserve would trim #interest rates this year. Investors acquired a net $1.14 #billion worth of U.S. equity funds during the week, marking their first

  #USA_stocks #rose Friday, on track to post weekly gains on the back of a strong earnings season and hopes for monetary easing. At 09:35 ET (13:35 GMT), the #Dow_Jones Industrial Average rose 80 points, or 0.2%, the S&P 500 gained 13 points, or 0.3%, and the NASDAQ Composite climbed 40 points, or 0.2%.  The main #Wall_Street indexes are on