America Is Still Headed for a Soft Landing
Don't rule out a surprise rate cut this summer.
The GameStop Mania Is Back. Is Wall Street Ready This Time?
Problems in the plumbing of the financial system were costly for investors in 2021, and a planned upgrade still isn't complete.
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.
ECB Says Risks to Financial Stability Have Eased as Threat of Recession Recedes
The eurozone's financial system faces less acute threats to stability as it appears increasingly unlikely that the currency area's economy will slide into a deep recession, the European Central Bank said.
Florida and Texas Show Signs of Home Prices Falling
The inventory of homes for sale in April exceeded typical prepandemic levels for this time of year in some metro areas in the two states.
China Property Stocks Rally as More Cities Unveil Rescue Steps
Shares of Chinese property developers surged on rising expectations that government entities in China are helping buy up excess housing in a bid to revive the struggling real-estate sector.
Warren Buffett's Berkshire Reveals Its Mystery Stock: Chubb
The Omaha, Neb., company began building a secret stock position in the second half of 2023.
Fed's Kashkari Sees Rates on Hold for Longer
The president of the Minneapolis Fed said it isn't clear how much downward pressure monetary policy is putting on the economy.
Philippines Central Bank Holds Rates, But Appears Less Hawkish
Bangko Sentral ng Pilipinas held its policy rate steady as it continues to guard against inflation risks.
Japan's Economy Shrinks Again as Inflation Hits Consumers' Pocketbooks
The weakness of the yen currency drives up the prices of imported food and gasoline.
(END) Dow Jones Newswires
05-16-24 0715ET
