Stocks Edge Higher as Retail Sales Grow

U.S. stocks rose Tuesday after data showed consumers had stepped up spending, while Walmart and Home Depot reported higher sales. 


 
Biden Says Fed Chair Pick Could Be Unveiled This Week

The president is considering whether to reappoint Fed Chairman Jerome Powell when his four-year term expires in February or to pick someone else. 


 
U.S. Could Be Unable to Pay Its Bills as Soon as Dec. 15, Yellen Says

In a letter to Congress, Treasury Secretary Janet Yellen urged lawmakers to act to raise or suspend the federal borrowing limit. 


 
Senate Confirms Jonathan Kanter as Justice Department Antitrust Chief

The nominee, receiving bipartisan support, joins a department that already has been active in filing lawsuits 


 
Shoppers Boosted Spending Last Month, Taking on Higher Prices

U.S. retail sales rose by 1.7% in October, a sign that consumers are willing to spend more headed into the holidays despite rising inflation. 


 
Global Trade Flows Fell Slightly in September

An early indicator of trade flows developed by The Wall Street Journal points to a 0.7% fall in September from the previous month, a reflection of blockages in supply chains as factories and logistics networks struggle to meet strong consumer demand. 


 
Two Fed Officials at Odds Over How to Deal With Inflation

St. Louis Fed chief James Bullard said the central bank needs to move more forcefully to confront inflation, while San Francisco Fed leader Mary Daly stressed that moves to tamp down on price pressures prematurely could cause unneeded pain later should those pressures weaken. 


 
Natural-Gas Prices Jump as Germany Pauses Certification of Russian Pipeline

German regulators suspended certification proceedings for a controversial natural-gas pipeline from Russia, adding to concerns Europe will run low on fuel this winter. 


 
Bank of Canada Flags Uncertainties About Labor-Market Recovery

The job market has recovered from pandemic-induced losses, but slack remains, said Bank of Canada Deputy Governor Lawrence Schembri. 


 
Bitcoin Briefly Drops Below $60,000 as Strong Dollar Weighs on Crypto

Cryptocurrencies slid in overnight trading, with some of the most popular digital tokens losing more than 10% from recent highs. Some investors pointed to the stronger dollar as a catalyst for the fall.

(END) Dow Jones Newswires

11-16-21 1915ET