Micron, ADP Jobs Data, 10-Year Treasury Yield: LIVE UPDATES

Biggest crypto heist of all time?


Micron raises Q3 revenue forecast

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Micron now expects to earn up to $8.7 billion in its third fiscal quarter.

“We are at the forefront of the industry in DRAM and NAND technologies, and the momentum of our product portfolio is accelerating. With outstanding first half results, Micron is on track to deliver record revenues and strong profitability in fiscal 2022,” said Micron Technology President and CEO Sanjay Mehrotra.

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Solid data on ADP jobs

US employers added 455,000 in March ADP reports…

“Job growth was broad-based across all sectors in March, contributing to the creation of nearly 1.5 million jobs in the first quarter of 2022,” said Nela Richardson, chief economist at ADP.

Retirement bill: what you need to know

Securing a strong 2022 retirement law

To increase retirement savings, simplify and clarify pension plan rules and for other purposes

More options for “catch-up” contributions: $10,000 per year

Raises age for taking mandatory distributions from 401(k) plans or IRAs to 75 from 72

Stock futures fall ahead of work, growth reports show

U.S. stock futures traded lower as traders monitor negotiations for any progress in ending Russia’s war on Ukraine. continue reading

Oil trades higher as inventories fall sharply

Oil prices started to rise again on Wednesday morning as traders monitor progress in Russia-Ukraine talks and supply remains tight – data showed US crude inventories fell sharply last week . continue reading

Ronin hit by $615 million crypto heist

Blockchain project Ronin said on Tuesday that hackers stole cryptocurrency worth nearly $615 million from its systems, according to Reuters. This would be one of the biggest cryptocurrency heists on record. continue reading

Gasoline prices are sliding

The average price of a gallon of gasoline in the United States slipped to $4.236 on Wednesday, according to the latest figures from AAA. The price on Tuesday was $4.244. The previous high was $4.33, set on Friday, March 11, 2022.

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