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. 


 
China Eases Mortgage Rules in Latest Push to Aid Property Sector

Beijing has eased mortgage rules and urged local governments to buy unsold houses in some of policymakers' boldest moves yet to revive the property sector. 


 
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'

The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview. 


 
Green Transition Set to Face Critical Minerals Shortfall, IEA Says

Electric vehicle, wind turbine and solar panel manufacturers face a shortfall in critical metals and minerals unless more investment is made in projects such as new mines and recycling, according to a report from the International Energy Agency. 


 
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.


(END) Dow Jones Newswires

05-17-24 0315ET