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Cryptocurrency exchange FTX is launching stock trading capabilities for its customers through its U.S. division. The company, helmed by co-founder and billionaire Sam Bankman-Fried, said in an announcement that its launch will start in private beta mode for a select group of customers chosen from a waitlist before a full rollout in late 2022. FTX, [

"If long-term interest rates continue to stabilize, we believe the stock market will find a bottom in the 3,800-4,000 range," said a portfolio manager.

Inflation rose to 8.3% in April, backing off a 41-year high but still above the 8.1% rate economists had expected.

"If I were running a big company, I would be very prepared for it [recession]. If I was a consumer, I'd be prepared for it," Lloyd Blankfein said.

VW Group is on the precipice of launching a new dedicated EV company in the United States called Scout that will produce an all-electric pickup and a rugged off-roading SUV geared toward the American consumer. The company’s supervisory board, which is chaired by Hans Dieter Pötsch, will vote on the matter May 11, sources familiar [

Wednesday's CPI report will help investors gauge whether inflation has finally peaked or if prices are continuing to climb.

"What we eventually want to offer is an everything app for financial services," Brett Harrison, FTX.US's president, told the WSJ.