Import prices post biggest increase in two years and add 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.
Philly Fed factory gauge cools in May but stays in expansion territory
The Philadelphia Fed said Thursday its gauge of regional business activity fell to 4.5 in May from 15.5 in the prior month.
Traders Eye 40000 Milestone for Dow
Stock futures edged higher after the Dow industrials closed Wednesday just 92 points below that key threshold.
Housing starts rebound in April as U.S. continues to grapple with inventory shortage
Construction on new U.S. homes rose 5.7% in April, the Commerce Department said Thursday.
ECB Says Risks to Financial Stability Have Eased as Threat of Recession Recedes
The eurozone's financial system faces less acute threats to stability as it appears increasingly unlikely that the currency area's economy will slide into a deep recession, the European Central Bank said.
U.S. Blocks Imports From 26 More Chinese Companies Over Forced Labor Concerns
The move, which comes amid a broad crackdown, targets Chinese textile companies and sharply increases the list of banned firms.
America Is Still Headed for a Soft Landing
Don't rule out a surprise rate cut this summer.
The GameStop Mania Is Back. Is Wall Street Ready This Time?
Problems in the plumbing of the financial system were costly for investors in 2021, and a planned upgrade still isn't complete.
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.
(END) Dow Jones Newswires
05-16-24 0915ET
