Market News Today — AI-Curated Stock & Crypto Headlines

Earned Income Tax Credit would rise to $5,500 per child under new Democratic measure

The bill would also increase the maximum qualifying income to claim the EITC to nearly $100,000 annually.

Inflation watch: High oil prices boost the cost of imports again. How long will the pain last?

The cost of imported goods rose sharply in March for the third month in a row, heralding further increases in …

Allbirds announces stunning pivot from shoes to AI, stock explodes more than 300%

Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in …

Cleveland Fed President Hammack expects interest rates to stay on hold 'for a good while'

The central bank official advocated a patient approach as officials watch incoming data for clues about where the U.S. economy …

Jim Cramer's top 10 things to watch in the stock market Wednesday

The market is in extremely overbought territory after a remarkable comeback from the March lows.

Chip giants AMD, Qualcomm and Arm back driverless car startup Wayve with fresh funds

Wayve now has major semiconductor names, including Nvidia, as shareholders as it looks to sell its technology to automakers who …

U.K. move to delay job statistics overhaul is just latest headache for investors facing unreliable data

The U.K. government’s decision to delay the revamp of its economic data collection until 2027 highlights a problem experienced by …

Is an IRS audit less likely amid agency cuts? Some issues are still ‘low-hanging fruit,’ expert says

There are still some red flags for an IRS audit despite budget and staffing cuts, experts say. Here's what filers …

The Strait of Hormuz could matter a lot less in the future — here’s how

Iran played it’s trump card by shutting down oil tanker traffic. It likely won’t be able to use it again.

OpenAI pulls back from Stargate Norway data center deal as Microsoft takes over

The AI startup is now in discussions with Microsoft about renting compute capacity

Trump threatens to fire Powell if the Fed chair doesn't leave office on his own

Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to …

Morgan Stanley beats Wall Street earnings forecasts — by a long way

The banking giant posted earnings per share of $3.43, compared to forecasts of $3.02.