Dow Jones Industrial Average Tops 40000 for the First Time 

The recession that so many economists anticipated has remained out of sight, giving investors hope that stocks can keep climbing.

Import prices post biggest increase in two years, adding to U.S. inflation pressures 

The cost of imported goods rose in April for the fourth month in a row and increased at the fastest pace in two years, reflecting the persistence of elevated U.S. inflation.

Fed's Barkin says consumers are driving inflation. Here's what they're willing to pay more for. 

The service sector "has changed their view" and believes consumers will accept higher prices and are going to raise them until households balk.

Federal Consumer Financial Watchdog Survives Supreme Court Scrutiny 

Justice Clarence Thomas, writing for a 7-2 court, said that Congress has wide discretion in structuring the way federal agencies are funded.

Jobless claims subside from 8-month high and signal layoffs are still low 

The number of Americans who applied for unemployment benefits last week fell by 10,000 to 222,000 and indicated the U.S. is still experiencing a low level of layoffs.

Philly Fed factory gauge cools in May but stays in expansion territory 

The Philadelphia Fed said Thursday its gauge of regional business activity fell to 4.5 in May from 15.5 in the prior month.

Housing starts rebound in April as U.S. continues to grapple with inventory shortage 

Construction on new U.S. homes rose 5.7% in April, the Commerce Department said Thursday.

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.

Coinbase Stock Is Falling. Is a New Crypto-Trading Rival About to Emerge? 

CME Group, a Chicago-based trading firm, may launch spot Bitcoin trading, according to a report. That could hit one of Coinbase's sweet spots.

U.S. Blocks Imports From 26 More Chinese Companies Over Forced Labor Concerns 

The move, which comes amid a broad crackdown, targets Chinese textile companies and sharply increases the list of banned firms.

(END) Dow Jones Newswires

05-16-24 1515ET