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As markets await the Fed announcement, here are some highlights in markets today and a Junior Trading role if you've already graduated.
US JOBS DATA DISAPPOINT
US jobs data for April misses expectations with companies adding just 247k jobs, below the expected 395k. But what is ADP National Employment data and will it impact the Fed's decision to hike rates today? (More).
FED 50 IS COMING
The Fed is set to lift interest rates by 50bps later today in what would be its largest hike since the year 2000. Investors are also keenly awaiting detailed plans on the Bank's strategy to reduce the size of its $8.9trl balance sheet.
LYFT SHARES CRASH
Lyft (NASDAQ:LYFT) shares are tanking, now down 34% - the biggest CRASH on record! First Facebook (NASDAQ:FB), then Netflix (NASDAQ:NFLX), now Lyft - investors are punishing stocks after earnings as they grow extremely concerned about the outlook for the former growth darlings (More).
JUST DO IT
Happy 50th Birthday, Nike! It takes the shoemaker roughly 15 minutes to match what it sold in a year in 1971. A few setbacks in the late '90s and at the onset of the pandemic but the company is now back on track
