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C3.AI and Salesforce reported their earnings on Wednesday, May 31st. Although these companies beat expectations, they slid in after-hours trading. What could have pushed their stock downward?
WTI fell below $70/bbl on May 30th due to concerns over tensions between Saudi Arabia and Russia, worries over the debt ceiling deal passing by June 5, and uncertainty regarding OPEC+ production cuts.
New economic data is pointing to an economic slowdown in China, raising concerns that the nation’s post-COVID rebound may be hitting the skids.
From Eurozone inflation data to US NFPs and China’s PMI releases, this article lists the major economic events in the last week of May 2023.
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