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Stocks close mixed; consumers worried that unemployment could rise; Biden Administration reportedly planning EV tariffs; Ford reportedly cuts back on battery orders.

A number of officials said rate cuts are possible, even as uncertainty remains over timing; investors poured money into global equities amid easing rate cut concerns; Target to limit some Pride displays after backlash.

Stocks rise; 30-year mortgage rates fall for first time since late March; bond yields have been falling this month; initial unemployment claims rise.

The Labor Department reported today that 231,000 people filed new claims for jobless benefits in the week ending May 4; TikTok says it will start automatically labeling AI generated content when it’s uploaded from other platforms; backlash develops against a new Apple ad; GM will stop manufacturing the Chevy Malibu.

Stocks close mixed; inventories higher than this time last year; rent growth outpaced wage growth since 2019; Uber, Lyft bookings rise.

Uber loses $654 million in the first quarter; Reuters reports the Justice Department is looking into whether Tesla committed wire and securities fraud; independent law firm says big changes needed at the FDIC to address widespread allegations of sexual harassment and discrimination; FTX reorganization plan that would give small investors all their money back.