Fed’s Favorite Inflation Gauge Comes in Hot, Snowflake Beats AI Doomsday Narrative
Podcast: The RundownPublished On: Thu May 28 2026
Description: Market update for May 28, 2026.Check out the Public app for incredible investing tools and to support the show (LINK)Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.In today’s episode, Zaid covers:April PCE inflation hitting 3.8%, its hottest reading since 2023Meta charging for AI and rolls out paid subscriptions for Instagram, Facebook, and WhatsAppSalesforce beat on earnings but the stock barely moves Snowflake pops on a blowout quarter and a $6B Amazon dealFun fact: just 10 companies now make up almost 40% of the entire S&P 500
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