Dow's Winning Streak Ends Ahead of Inflation Data

The Dow Jones Industrial Average slipped 0.2%, snapping its eight-session streak of gains, as investors await fresh inflation data. GameStop shares soared as meme-stock mania resurfaced. 


 
Fed's Jefferson says slowing progress on inflation is 'a source of concern'

The slowing progress on inflation in the first quarter is disappointing, but the healthy labor market allows the Federal Reserve to maintain downward pressure on demand until price pressures cool, Federal Reserve Vice Chairman Philip Jefferson said on Monday. 


 
Roaring Kitty is back, and GameStop stock is rallying. The company still is struggling to make money.

Keith Gill is back on social media, and GameStop stock is surging. 


 
Investors Crowd Into Soft-Landing Trade Ahead of Crucial Inflation Data

Stocks and bonds have rallied ahead of Wednesday's consumer-price index report. 


 
Fighting Flares Across Gaza Amid Push to Revive Israel-Hamas Talks

Israeli troops are clashing with Hamas not only in Rafah, the militant group's last stronghold, but also in the enclave's north. 


 
More Chinese Cities Move to Buy Up Housing Inventories

Two more Chinese cities have unveiled plans to buy up unsold, unfinished or old housing, as Beijing shifts its focus to absorbing excess apartment supply as a way to resolve the country's property crisis. 


 
China to Start Sale of Ultralong Bond to Support Economy

China will start selling the first batch of a planned $138.37 billion ultralong bond issuance this week, as Beijing looks to provide more support to the economy. 


 
German Companies Bet on AI But Payoff Could Be Years Away

German businesses are increasingly experimenting with artificial intelligence to become more productive, but some caution the gains the technology promises could be years away. 


 
Inflation trap? Stock market's near-record run faces the most crucial CPI reading of 2024.

These ideas could help protect your portfolio from stubborn levels of inflation 


 
Tumbling Inflation Expectations Ease Pressure on RBNZ to Tighten Further

Inflation expectations continued to tumble, greatly easing pressure on the Reserve Bank of New Zealand to further raise interest rates.


(END) Dow Jones Newswires

05-13-24 1715ET