ADP says 192,000 private-sector jobs created in April. Labor market not cooling off much.
U.S. businesses created 192,000 new jobs in April, paycheck company ADP said, and more industries hired people last month in a sign of ongoing labor-market strength.
S&P 500 Futures Fall as Interest-Rate Decision Looms
U.S. stock futures edged lower ahead of Federal Reserve decision on interest rates.
Adjustable-rate mortgage demand surges to highest level this year
Mortgage applications fell 2.3% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.29%.
Fed to Signal It Has Stomach to Keep Rates High for Longer
Firmer price and wage pressures could lead longer-term rates to rise as investors continue paring back expectations of cuts.
Private Equity and Traditional Insurers Spar Over Risk Rules
Over the past decade, insurance has become a cash cow for PE firms. The standoff over illiquid securities has become 'a proxy for private equity's entrance into the sector,' says one observer.
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.
Lahart's Take: 'Catch-Up' Inflation Categories Might Be Destined to Cool, But That Doesn't Mean They Don't Hurt
One reason inflation has stayed uncomfortably high this year is price measures for some items are still catching up with inflation pressures that already happened. Unfortunately this doesn't mean they can be ignored.
Blinken Arrives in Israel-and Finds a Stronger Netanyahu
The Biden administration, rocked by protests at U.S. college campuses, needs the Israeli leader to deliver a halt in the fighting.
South Korea's Export Growth Accelerated in April
Exports from Asia's fourth-largest economy accelerated on brisk demand for semiconductors, smartphones, cars and other Korean goods overseas.
Australia's Manufacturing PMI Shows Signs of Recovery
Activity across Australia's manufacturing sector improved strongly in April but it is too soon to call an end to a cyclical downswing in the sector seen over the last year.
(END) Dow Jones Newswires
05-01-24 0915ET