Dow Jones Industrial Average Tops 40000 for the First Time

The recession that so many economists anticipated has remained out of sight, giving investors hope that stocks can keep climbing. 


 
China Consumption and Investment Slow Unexpectedly

The figures come as Beijing's increased efforts to shore up the economy spark tentative optimism. 


 
Investors Are Striking Gold All Over

Investors have rarely had it this good, with prices of everything from homes to stocks and cryptocurrencies soaring. 


 
Coinbase Stock Is Down. A New Crypto-Trading Rival May Be About to Emerge.

CME Group, a Chicago-based trading firm, may launch spot Bitcoin trading, according to a report. 


 
Emerging-Market Stocks Are Breaking Out, and Could Beat the S&P 500 From Here

If earnings growth of companies in emerging markets rise as expected, and confidence in the global economy holds, the stocks could outperform other indexes, such as the S&P 500. 


 
Federal Consumer Financial Watchdog Survives Supreme Court Scrutiny

Justice Clarence Thomas, writing for a 7-2 court, said that Congress has wide discretion in structuring the way federal agencies are funded. 


 
Fed's Barkin says consumers are driving inflation. Here's what they're willing to pay more for.

The service sector "has changed their view" and believes consumers will accept higher prices and are going to raise them until households balk. 


 
Import prices post biggest increase in two years, adding to U.S. inflation pressures

The cost of imported goods rose in April for the fourth month in a row and increased at the fastest pace in two years, reflecting the persistence of elevated U.S. inflation. 


 
Jobless claims subside from 8-month high and signal layoffs are still low

The number of Americans who applied for unemployment benefits last week fell by 10,000 to 222,000 and indicated the U.S. is still experiencing a low level of layoffs. 


 
Another measure of U.S. economy remains unchanged as industries await interest-rate decisions

Industrial production was flat in April, the Federal Reserve reported Thursday.


(END) Dow Jones Newswires

05-17-24 0115ET