Inflation Eases as Core Prices Post Smallest Increase Since 2021
The results were in line with expectations. Investors cheered, sending stocks higher.
Retail sales were flat in April, falling below economists' expectations
Retail sales were unchanged in April, the Commerce Department said Wednesday. Sales at gas stations offset weakness in cars and several other categories.
Stocks Move Higher After April Inflation Data
Stocks were climbing after the latest CPI report showed inflation easing in April, in line with economists' expectations.
Mortgage rates fall for second week in a row, giving a 'small boost' to refinances
Mortgage applications rose 0.5% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.08%.
Eurozone Inflation Set to Ease More Rapidly, EU Says
The eurozone's annual rate of inflation is set to fall faster than previously expected as economic growth remains anemic, and hit the European Central Bank's target earlier in 2025.
IEA Lowers 2024 Oil-Demand Growth Forecast on Slow Start of the Year
The International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter temperatures reduced gasoil consumption across some of the world's largest economies, particularly in Europe.
AI Is Electrifying These Power Producers' Shares
The outlook for higher electricity demand is lifting share prices to new heights at Vistra, NRG and Constellation Energy.
Why the Hybrid Boom Is Funding EVs
Japan's carmakers have been churning out record profits thanks to the weak yen and strong hybrid sales, creating a war chest for electric-vehicle investments.
Is Roaring Kitty the Internet's Warren Buffett?
GameStop's ludicrously high valuations before this week's rally suggest that online subcultures might have a permanent influence on the market.
Senate Group Recommends Spending Tens of Billions of Dollars on AI
A bipartisan group published a road map for artificial-intelligence policy to stay ahead of China, while addressing the technology's potential harm.
(END) Dow Jones Newswires
05-15-24 1315ET
