Slower Hiring Boosts Hopes of a Late-Summer Rate Cut

The slowdown marked a break from a string of data showing surprising strength in the labor market. Wages rose less than anticipated. 


 
ISM service-sector gauge weakens sharply in April

The Institute for Supply Management said on Friday that its service-sector PMI dropped sharply to 49.4% in April from 51.4% in the prior month. 


 
U.S. Stocks Climb After Jobs Report

U.S. stocks were climbing after the latest jobs report showed hiring pulled back sharply in April. 


 
New Treasury Tax Guidelines Open Door for Corn and Soy in Sustainable Aviation Fuels

The guidance is a boon for biorefineries, but some observers worry it is based on unproven assumptions. 


 
Geopolitics Takes a Central Role in Supply Chains

From tariffs and trade restrictions to attacks on a crucial shipping lane, concerns over sourcing and manufacturing have rarely been more acute. 


 
Henderson's Take: Just How Strong Is U.S. Manufacturing? Trucks and Fuel Send a Troubling Message

A recent ISM report suggested manufacturing expanded in March. But truck demand and diesel prices are down. 


 
Apple Is Buffett's Best Investment. It's Also Now One of His Riskiest.

The legendary investor and his longtime partner, Charlie Munger, changed their stripes for a tech stock. Now, the size of the stake is worrying some Berkshire shareholders. 


 
Norges Bank Holds Rates, Hints at Later Cut

Norway's central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated. 


 
Eurozone Jobless Rate Still at Record Low

The eurozone's unemployment held steady in March, a sign of the robustness of the bloc's jobs market that might be of concern to the ECB as it focuses on the impact of sticky wage growth. 


 
New EU Cyber Rules for Electricity Providers Aim to Prevent Cascading Outages

Critical power suppliers will be required to submit cybersecurity assessments every three years and implement protections.


(END) Dow Jones Newswires

05-03-24 1115ET