Nasdaq Hits Another Record as Tech Shares Fuel Rally
Major indexes rose as investors cheered indicators showing that business activity has been picking up. Nasdaq outpaced the others, boosted by gains in Apple and Amazon.
Fed's Bullard: As Bad as Economy Has Been, 90% of Output Maintained
St. Louis Fed leader James Bullard remains optimistic the U.S. economy can see a meaningful rebound over the final six months of the year as it continues addressing the fallout of the coronavirus pandemic.
Bank of Japan May Be in Wait-And-See Mode for a While
The Bank of Japan's summary of opinions from its latest policy-setting meeting suggests it may wait to see the effects of its recent measures to help companies affected by the coronavirus.
Coronavirus Cases Hit Daily Records in Some U.S. States
New coronavirus cases spiked in several states, with Arizona, Texas and California reporting new daily records of infections, prompting elected officials to tighten rules on gatherings and strongly urge people to stay home and follow social-distancing guidelines.
Housing Market's Green Shoots
New-home sales figures show the U.S. housing market got a lot better last month. Barring a big downward revision to the report, the stage seems set for a further recovery in June-the last big month of the home-selling season.
Treasury May Consider Extending Tax Filing Deadline a Second Time
Treasury Secretary Steven Mnuchin suggested that the benefits of doing so are less clear than before.
RBNZ Keeps Cash Rate Unchanged, Prepared to Add Stimulus
UPDATED: The Reserve Bank of New Zealand said the country's success so far in containing the spread of the coronavirus was cause for some confidence, but warned that economic risks remained.
Petroleum Refiners Pose Hurdle to Oil's Recovery
The recovery has lifted shares of energy companies and relieved some of the stress on oil-dependent economies such as Russia and Saudi Arabia. It is also squeezing profits at refiners, crimping a key source of demand for crude and potentially preventing prices from marching much higher.
Global Economy Shows Signs of Pulling Out of Its Slump
The global economy is gradually pulling out of its stall as businesses reopen after pandemic-induced lockdowns, with output contracting at a slower pace in the U.S., Europe and Asia this month.
Public Real-Estate Companies Are the New Way to Buy Distress
With few buildings for sale during the coronavirus pandemic, some buyers are scurrying to acquire shares in public real-estate companies and bonds.
