U.S. Stocks Hit New Highs-Again-as Investors Prep for Lower Rates
Switzerland reduced interest rates. Stock markets in Europe, Japan and the U.S. notched records.
Japan's Consumer Inflation Picked Up in February
Consumer inflation picked up in Japan, adding to speculation that the Bank of Japan may raise interest rates again later this year.
Immigration Is Helping the U.S. Edge Out Asia
Antipathy toward large-scale foreign labor is emerging as Asia's Achilles' heel.
Australian Households Riding Out Pain of Soaring Rates, RBA Says
Australia's highly-indebted households appear well-placed to continue riding out the pain of high interest rates and soaring living costs, with even the most vulnerable in a position to continue servicing mortgages, the Reserve Bank of Australia said.
U.K. Consumers Prove Cautious Amid Economic Clouds, Survey Suggests
Consumer confidence remains weak in the U.K. amid continued concerns over the economy, according to a survey.
China's Xi Jinping to Woo U.S. CEOs in Beijing
The Chinese leader plans to meet a group of American business leaders after a government-sponsored forum in Beijing, amid an exodus of foreign capital.
Economy grows more slowly and inflation picks up in March, S&P finds, but businesses optimistic
Businesses hired more people in March in anticipation of stronger growth later in the year.
Bank of Mexico Cuts Overnight Interest Rate to 11%
The Bank of Mexico cut its benchmark interest rate Thursday in a split decision, kicking off what is expected to be a gradual and cautious easing cycle while inflation remains above its 3% target.
Big Corporate Mergers Get Fresh Tax Scrutiny in Washington
Two senators-a Democrat and a Republican-want to end tax-free corporate mergers like the pending Capital One-Discover all-stock combination, a move that would reshape dealmaking.
U.S. Home Sales Jumped 9.5% in February
Sales of existing homes, the majority of purchases, surged to a seasonally adjusted annual rate of 4.38 million.
(END) Dow Jones Newswires
03-22-24 0115ET
