S&P 500 Moves Higher as Earnings Roll In

U.S. stocks rose as investors await Apple's quarterly results among other earnings. 


 
U.S. productivity slumps in first quarter

Productivity had been a bright spot for the economy over the past year and today's data dims the outlook. 


 
Elliott and Warren Buffett Are Now Both Bullish on Japan

Hedge fund Elliott has built a position in Sumitomo, joining Berkshire Hathaway. The trading firm's shares are up 10% this week. 


 
Canada Swings to Goods-Trade Deficit as Exports Drop

Canada unexpectedly posted a goods-trade deficit in March after a slump in exports erased gains made the month before, led by a retreat in gold shipments and declines in the automotive industry. 


 
Jobless claims inch up to 208,000. Layoffs still extremely low.

The number of Americans who applied for unemployment benefits last week barely rose to 208,000, indicating that layoffs remain at extremely low levels associated with a sound economy. 


 
U.S. trade deficit hovers near highest level in almost a year

The trade deficit was flat in March at a nearly one-year high, capping off a first quarter in which a bigger shortfall acting as a drag on the official measure of U.S. economic growth. 


 
FTC Says Ex-Pioneer CEO Tried to Collude With OPEC on Oil Prices

The allegations come as Exxon Mobil struck an agreement with antitrust enforcers not to add the former Pioneer CEO to its board, allowing Exxon to close a deal to acquire Pioneer. 


 
The Treasurys Market Is Getting Squeezed From All Sides

Inflation and deficits are lifting yields and jarring the stock market. 


 
BOJ Data Suggest Second Yen Intervention This Week

Japan likely carried out a second round of significant yen-buying intervention this week, according to a calculation based on data from the Bank of Japan and private money brokers. 


 
Hong Kong's Economy Slowed in First Quarter, But Beat Expectations

Hong Kong's economy lost steam at the start of the year, as consumer and government spending weakened, but export strength helped growth beat consensus views that had tipped a much sharper slowdown.


(END) Dow Jones Newswires

05-02-24 1115ET