S&P 500 Futures Rise as Earnings Roll In

U.S. stock futures rose after Federal Reserve Chair Jerome Powell indicated the bar to cut interest rates had gone up. 


 
Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver's Seat

Some analysts warn of limits as to how long the central bank can keep interest rate increases off the table. 


 
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. 


 
Buffett Rules Out 'Eye-Popping' Returns. But Investors Aren't Listening.

Berkshire is poised to hit a $1 trillion valuation as investors gather this weekend for its annual shareholder meeting 


 
Disaster Loans Provided a Lifeline. Now Small Businesses Owe Billions in Fees.

The government has referred 860,000 delinquent Covid loans for collection-tacking on billions of dollars in fees for small-business borrowers. 


 
OECD Sees Room for Rate Cuts But Warns of Oil-Price Threat

The global economy is likely to avoid an anticipated slowdown this year, but could yet suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher, the OECD said. 


 
Europe Takes Radical Steps to Boost Production

EU official Thierry Breton wants state spending to support domestic manufacturing to compete with China and the U.S.-a reversal of longtime policy to clamp down on national subsidies. 


 
Asia's Manufacturing Recovery Remains Patchy

Asia's factory activity weakened slightly in April, with output growth cooling and employment dropping in a sign of fragile confidence among manufacturers. 


 
Pension Fund UniSuper Expects Bond Yields to Keep Climbing

UniSuper, one of Australia's largest pension funds, said it expects bond yields to keep increasing as inflation lingers.


(END) Dow Jones Newswires

05-02-24 0715ET