Global Stocks Follow Wall Street Lower
Global stocks dropped after Wall Street indexes broke a weeklong winning streak amid lingering trade tensions and questions over the direction of Federal Reserve policy.
China Consumer Inflation Reached 15-Month High in May
The consumer-price index was up 2.7% in May compared with a year earlier, accelerating from 2.5% growth in April, the National Bureau of Statistics said.
USDA Cuts Projections for Corn Production to Four-Year Low After Wet Planting Season
A key monthly report by the Agriculture Department confirmed the damage done by heavy rainfall in the Corn Belt, reducing expected corn production to its lowest in four years.
China, Russia Carriers to Ship Gas on Arctic Route
The agreement comes a year after Beijing released its first Arctic policy white paper in which it said it said it would encourage investment across the northern sea route and conduct commercial sailings that would be part of a "Polar Silk Road."
Inflation Fears Fade Amid Bond Rally, Rise in Rate Cut Bets
Investors' expectations for inflation have fallen to their lowest levels since the start of the year. The decline has coincided with a sharp rise in the odds that the Fed will cut interest rates multiple times this year.
Oil Sanctions Reach Limits as Venezuela Is Wrung Dry
Venezuela's oil industry is reeling, but additional U.S. sanctions will have little effect as it trades with countries that will ignore them.
Trump Blasts Fed Policies, Euro's Value to the Dollar
President Trump renewed his criticism of the Federal Reserve, saying that the Fed has raised rates too high and that its policy of shrinking its bond portfolio is "ridiculous."
Ex-Modi Economist Finds India Growth Reports Too Rosy
India's economy has grown far less quickly than official government figures show over much of the past decade, according to research by a former top economic adviser to Prime Minister Narendra Modi, though the government stood by its numbers.
U.S. Oil, Gas Hit Record Production Levels in 2018
The shale revolution powered U.S. oil and gas production in 2018 to the largest annual increases ever recorded by any country, according to energy giant BP.
Stocks Slip as Investors Weigh Trade Against Monetary Policy
U.S. equity markets ticked slightly lower as investors wavered between fears of rising trade tensions and hopes that policy makers will bolster markets with fresh stimulus measures.