U.S. Economic Growth Slows to 1.6%, Inflation Stays Firm
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.
Pending home sales see unexpected jump in March, despite rising mortgage rates
U.S. pending home sales rose 3.4% in March from the previous month, the National Association of Realtors said on Thursday.
Stocks Fall After GDP, Inflation Data
Stocks fell sharply after data showed the U.S. economy slowed in the first quarter. Nasdaq posted the biggest losses as Meta dragged down the wider tech sector.
U.S. weekly jobless claims drop to lowest level since mid-February
Initial jobless claims fell by 5,000 to 207,000 in the week ended April 20, the Labor Department said Thursday.
U.S. trade deficit in goods widens in March to highest level in almost a year
The U.S. trade deficit in goods widened 1.7% to $91.8 billion in March, according to the Commerce Department's advanced estimate released Thursday.
Persistently High Commodity Prices Could Delay Rate Cuts
Global commodity prices are expected to soften this year and next but remain considerably above prepandemic levels, making it harder for central banks to lower inflation and loosen monetary policy, the World Bank said.
What the End of Negative Rates Means for Japan
The world's fourth-largest economy is entering a new era, and there's a lot at stake.
Tokyo Exchange Courts Asian Startups for IPOs
The Tokyo Stock Exchange aims to attract listings from Asian startups, leveraging the market's recent gains and positioning itself as a preferred fundraising destination for companies outside Japan.
America's Economy Is No. 1. That Means Trouble.
Solid growth, big deficits and a strong dollar stir memories of past crises.
U.S. to Begin Construction of Gaza Pier as Rafah Invasion Looms
More humanitarian aid could reach the enclave's north via the floating pier, including if a planned Israeli ground offensive disrupts deliveries in the south.
(END) Dow Jones Newswires
04-25-24 1115ET
