Dow Extends Latest Run of Gains
The blue-chip index rises for sixth straight day, while the Nasdaq dips.
Lenders Are Seeing a Bottom for Consumers
The anticipated return to normal for credit trends may bode well for spending.
Fed's Collins says she's not surprised by unwelcome inflation data
Boston Fed President Susan Collins said Wednesday that she wasn't surprised by the unwelcome news on inflation given the rapid progress seen last year, but she added that the economy needs to slow more in order to cool price pressures in the coming months.
Wholesale inventories fall in March
The depletion of private inventories subtracted from the U.S. GDP in the first quarter.
First-time home buyers pounce as 30-year FHA loan rate dives below 7%
Mortgage applications rose 2.6% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.18%.
BOJ Governor Says Early Rate Hike Possible if Prices Rise Faster Than Expected
Bank of Japan Gov. Kazuo Ueda said he is open to the idea of early interest-rate increases if inflation rises at a faster pace than the bank's projections.
Sweden Cuts Rate as Europe Moves Ahead of the Fed
The Riksbank cut its key rate to 3.75% from 4%, in line with forecasts, becoming only the second central bank from a rich, advanced economy to begin its easing cycle following the post-pandemic surge in inflation.
Hannon's Take: The Risk of Waiting for the Fed
For Europe's central banks, moving ahead of the Federal Reserve risks a depreciation of the national currency. But there is another argument.
Profits Are Booming-and That's Shielding the Economy
CEOs are upbeat, and results are on the upswing. The somewhat slower job growth reported last week isn't the same as a major downturn.
Israel Presses On in Rafah Amid Diplomatic Tensions and Deepening Humanitarian Crisis
Aid groups warned that military operations in the area, along with border-crossing closures, were imperiling humanitarian operations across the territory.
(END) Dow Jones Newswires
05-08-24 1715ET
