• Inflation in the U.S. rose lower than expected in April.
• After rising on Tuesday, the S&P 500 is in the green for 2025.
• U.S. President Donald Trump said he will lift sanctions on Syria.
• Microsoft will be laying off 3% of its employees.
• Coinbase shares jump on the company's impending inclusion in the S&P.
• UBS Wealth downgrades its rating on U.S. stocks.

The U.S. Federal Reserve at its May 7 meeting that America is facing an increased risk of stagflation — a scenario in which the economy slows or contracts while inflation shoots up — because of hefty tariffs imposed by President Donald Trump from April 2.

Inflation data released Tuesday, however, showed that prices haven't grown hotter yet. In fact, the annual reading came in lower than expected, and the core figure, which excludes volatile food and energy prices, was also less than forecast for the month.

Admittedly, the data only captures a month after Trump tariffs were introduced. The rush of imports in the beginning of the year — which was a big part of why U.S. gross domestic product — could have dampened price increases. Businesses might have also been swallowing the taxes.

But with the , a and an temporarily slash three-digit duties — all of which will suppress price hikes and keep the American consumer, the bedrock of the U.S. economy, happy — the threat of stagflation seems to be diminished for now.

What you need to know today

Lowest annual inflation since 2021
The U.S. consumer price index in April, putting the 12-month inflation rate at 2.3%, its lowest since February 2021, the Bureau of Labor Statistics said. Annual inflation was lower than the expected 2.4%. Core CPI also increased 0.2% for the month, while the year-over-year level was 2.8%. The forecast was for 0.3% and 2.8%, respectively.

The S&P 500 is positive for the year
the rose 0.72%, putting it around 0.1% in the green for 2025. The added 1.61%, lifted by 5.6% jump on news that the company is sending 18,000 advanced chips to Saudi Arabia. However, the shed 0.64% after a nearly 18% drop in shares of  pressured the benchmark.

Trump lifts sanctions on Syria
U.S. President Donald Trump is in Saudi Arabia for the of his second term. At the U.S.-Saudi Investment Forum in Riyadh on Tuesday, Trump announced he will . The country has been as a state sponsor of terrorism since 1979. Trump also announced at the same event that Saudi Arabia will be in a series of deals.

Microsoft is cutting 3% of its employees
on Tuesday said that it's across all levels, teams and geographies, affecting about 6,000 people. One objective is to reduce layers of management, a Microsoft spokesperson said in a statement to C온라인카지노사이트. The company reported better-than-expected results in late April, with $25.8 billion in quarterly net income, and an .

Shares of Coinbase jump
 shares soared 24%, their since Nov. 6, the day after Trump's election victory. On Monday, S&P Global said in a release late Monday that in the S&P 500 before trading on May 19. Stocks added to the S&P 500 often rise in value because funds that track the benchmark will add it to their portfolios.

[PRO] UBS Wealth downgrades U.S. stocks
Despite the recent rally in the S&P because of promising signs that trade deals are being forged between the U.S. and its trading partners, UBS Wealth on Tuesday , even as others on Wall Street are their for the S&P.

And finally...

 expects to pioneer a new "groundbreaking" EV battery technology that the automaker says will reduce costs and boost profitability of its largest electric SUVs and trucks.

GM is targeting the new batteries and chemistry inside them — called lithium manganese-rich prismatic battery cells — to be used in full-size electric vehicles such as its Chevrolet Silverado and Escalade IQ beginning in 2028.

The new batteries use more-prevalent, less-expensive minerals like manganese instead of larger amounts of cobalt and nickel that are currently used in EV batteries from GM and other automakers.

GM's first-to-market expectations come after crosstown rival  earlier this month announced its intention to launch what it similarly called "game-changing" LMR batteries before 2030.