Dow's Winning Streak Ends Ahead of Inflation Data

The Dow Jones Industrial Average slipped 0.2%, snapping its eight-session streak of gains, as investors await fresh inflation data. GameStop shares soared as meme-stock mania resurfaced. 


 
Fed's Jefferson says slowing progress on inflation is 'a source of concern'

The slowing progress on inflation in the first quarter is disappointing, but the healthy labor market allows the Federal Reserve to maintain downward pressure on demand until price pressures cool, Federal Reserve Vice Chairman Philip Jefferson said on Monday. 


 
Roaring Kitty is back, and GameStop stock is rallying. The company still is struggling to make money.

Keith Gill is back on social media, and GameStop stock is surging. 


 
Are Shoppers Really Pulling Back? Retail Earnings Will Offer Clues.

Home Depot, Walmart, and other big-box chains are likely to flag slowing sales growth in coming reports. 


 
Berkshire Hathaway's Mystery Stock Purchase Could Be Revealed on Wednesday

That stock likely is a financial stock based on disclosures in Berkshire Hathaway's regulatory filings 


 
The economy could be heading toward 1970s-style stagflation. What it means for the stock market.

The U.S. economy could be barreling toward 1970s-style stagflation amid a cooling economy and sticky inflation - and it could end up sparking a double-digit plunge in stocks, according to Sevens Report Research. 


 
Investors Crowd Into Soft-Landing Trade Ahead of Crucial Inflation Data

Stocks and bonds have rallied ahead of Wednesday's consumer-price index report. 


 
Fighting Flares Across Gaza Amid Push to Revive Israel-Hamas Talks

Israeli troops are clashing with Hamas not only in Rafah, the militant group's last stronghold, but also in the enclave's north. 


 
More Chinese Cities Move to Buy Up Housing Inventories

Two more Chinese cities have unveiled plans to buy up unsold, unfinished or old housing, as Beijing shifts its focus to absorbing excess apartment supply as a way to resolve the country's property crisis. 


 
China to Start Sale of Ultralong Bond to Support Economy

China will start selling the first batch of a planned $138.37 billion ultralong bond issuance this week, as Beijing looks to provide more support to the economy.


(END) Dow Jones Newswires

05-13-24 2115ET