S&P 500 Falls for Fourth Straight Session on Fading Hopes for Interest-Rate Cuts 

The index's losing streak is its longest since the first week of 2024.

Fed's Mester Says Recent Inflation Means Longer Wait for Rate Cuts 

Loretta Mester remains optimistic about inflation coming down this year.

Pension Funds Are Pulling $325 Billion From Stocks 

Stock portfolios at large pension funds had a blockbuster run. Now, managers are cashing out and shifting money into bonds.

China Pledges to Steady Yuan as Asian Currencies Come Under Pressure 

China's central bank reiterated its commitment to a stable yuan, joining the chorus of Asian officials concerned about weakening regional currencies.

BOJ Board Member Noguchi Calls for Cautious Approach on Future Policy-Tightening 

The Bank of Japan should proceed carefully with further monetary policy changes, as domestic inflation still isn't very strong, board member Asahi Noguchi said.

China Reports Steady Youth Unemployment as Data Paints Mixed Economic Picture 

China's youth unemployment rate remained steady in March, in what could be seen by some as a tentative sign that the world's second-largest economy is gradually stabilizing.

China Denounces U.S. Probe Into Shipbuilding Sector 

The U.S. Trade Representative plans to open an investigation into China's practices.

Australia's Labor Market Remains Strong 

The Australian unemployment rate edged up in March, but a jump in the number of people in full-time work will continue to feed risk that the country's central bank may sit this year out before cutting interest rates.

EU Car Sales Record Biggest Drop in 16 Months 

Registrations of new cars in the European Union fell 5.2% on year in March, the largest monthly drop since November 2022, and in line with a trend of softening demand.

Bitcoin's Halving Is Coming. Miners Are Looking for New Ways to Make Money. 

Crypto-industry companies turn to artificial intelligence to diversify.

(END) Dow Jones Newswires

04-18-24 0315ET