Stock Indexes Book Records After Inflation Eases

The three leading U.S. indexes all finish day at all-time highs. 


 
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. 


 
Inflation Eases as Core Prices Post Smallest Increase Since 2021

The results were in line with expectations. Investors cheered, sending stocks higher. 


 
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. 


 
Australian Unemployment Rises, Easing Pressure on RBA to Hike

Unemployment in Australia jumped in April as more people searched for work, a rise that is likely to reduce pressure on the Reserve Bank of Australia to raise interest rates further. 


 
Soros Fund Management dumps New York Community Bank stake

Soros Fund Management eliminated its stake in New York Community Bank, a regulatory filing shows. 


 
Biden's banking rules will fuel inflation, lawmakers say

The banking industry has pulled out all the stops in its fight against new regulations that it argues will raise consumer prices for utilities, groceries and housing - and its campaign is convincing powerful lawmakers on both sides of the aisle. 


 
Bill Ackman's Pershing Square dumps stake in Lowe's, keeps Google

Home-improvement retailers are in the spotlight as mortgage rates stay high 


 
Retail sales were flat in April, falling below economists' expectations

Retail sales were unchanged in April, the Commerce Department said Wednesday. Sales at gas stations offset weakness in cars and several other categories.


(END) Dow Jones Newswires

05-16-24 0115ET