Japan's Economy Shrinks Again as Inflation Hits Consumers' Pocketbooks

Yen's weakness drives up prices of imported food and gasoline. 


 
Stock Indexes Book Records After Inflation Eases

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


 
Inflation Eases as Core Prices Post Smallest Increase Since 2021

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


 
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. 


 
Soros Fund Management dumps New York Community Bank stake

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


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

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


 
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. 


 
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. 


 
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. 


 
Mortgage rates fall for second week in a row, giving a 'small boost' to refinances

Mortgage applications rose 0.5% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.08%.


(END) Dow Jones Newswires

05-15-24 2115ET