Markets may be overly optimistic about the Fed

View in Browser June 5, 2023 Dow 33,562.86 0.59% S&P 500 4,273.79 0.20% NASDAQ 13,229.43 0.09% Last updated June 5 at 4:59 PM ET     Markets may be overly optimistic about the Fed The past month's economic data has highlighted the persistent, sticky nature of inflation and the resilient strength of the labor market in the United States.    Read full article   'We are watching': How a satellite company helps expose scenes from the war in Ukraine From its headquarters in Denver, Colorado, private satellite company Maxar Technologies is tracking major events around the world.    Read full article   Saudi Arabia needs more than higher oil prices to fund its grand plans Riyadh knows that it cannot rely solely on a fluctuating oil market for income. Along with its efforts to raise oil prices, it is also trying to bring in investment from abroad.    Read full article   US regulator accuses Binance of running an illegal exchange Federal regulators have sued Binance, the world's largest crypto exchange, accusing the company of running an illegal exchange in the United States and commingling billions of dollars' worth of customer funds.    Read full article   Spotify cuts 200 jobs within its podcasting unit Spotify is laying off 200 employees from its podcasting unit, amounting to 2% of the audio streaming company's global workforce.    Read full article   Airlines expect to make $10 billion this year despite economic slowdown Global airlines should make nearly $10 billion in profit this year as business bounces back from the pandemic, according to a new forecast from the International Air Transport Association (IATA).    Read full article   Today's movers CJET 5.90 55.26% Chijet Motor Company, Inc. CIR 47.84 51.06% CIRCOR International, Inc. SCLX 7.87 22.78% Scilex Holding Company BLPH 0.94 86.64% Bellerophon Therapeutics, Inc. SDA 11.68 49.87% SunCar Technology Group Inc. Class A CSTL 11.66 48.70% Castle Biosciences, Inc. Last updated June 5 at 4:10 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2023 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303