S&P 500, Nasdaq Hit New Records

Shares of Macy's rose, while Lowe's stock fell after the retailers reported results. 


 
Parents Are Feeling the Pain of Inflation and Child-Care Costs

An annual survey from the Fed maps how Americans perceive the economy and their own situations. 


 
The Fed Still Needs a Few Months of Good Data to Cut Rates, Says a Governor

Governor Christopher Waller said the Federal Reserve's progress on tamping down price growth seems to be resuming. 


 
The U.S. Raised Tariffs on China. Now It Wants Europe's Support.

Washington is trying to wrangle its European allies into a united front against a surge in Chinese exports. 


 
How Wall Street Lenders Are Betting Big on the AI Boom

Investment giant Blackstone recently led a $7.5 billion deal backed by artificial-intelligence chips, the latest financing that looks to take advantage of the sector's rapid growth. 


 
Canada Inflation Up 2.7% in April, Rises at Slowest Pace in Three Years

Canadian inflation eased last month, resuming its decline to advance at the slowest pace in three years and leaving open the door for interest rates to be cut before summer. 


 
JPMorgan's Consumer Business Is Doing Great. Its Customers Are Just OK.

The nation's largest lender sees borrowers trading down but still spending. 


 
Singapore's MAS Steps Up Green Finance Partnership With China's Central Bank

Singapore's central bank separately announced plans to sell up to US$1.9 billion of sovereign bonds to fund environmental projects. 


 
The Unlikely Stocks That Became a Hot Bet on AI

The staid utilities industry has become a top-performing sector. 


 
China's Youth Unemployment Eased in April

China's youth unemployment rate declined in April, in what will likely be welcome news for Beijing as it steps up policy support for the economy.


(END) Dow Jones Newswires

05-21-24 1715ET