Rising Bond Yields Weigh on Stocks 
 

The Dow, S&P and Nasdaq all fell after bond yields climbed to their highest level in a month.


 
U.S. economy keeps growing, Fed's Beige Book says, but businesses are less gung-ho 
 

The U.S. economy expanded in the late spring, a Federal Reserve survey found, but persistent inflation, high interest rates and political uncertainty caused businesses to turn "somewhat more pessimistic."


 
China Lifts Ban on Most Australian Beef Exporters 
 

China has lifted suspensions on five Australian meat exporters, the Australian government said on Thursday, in a further sign of steadily warming ties between the two countries.


 
Money Supply Rose for the First Time in More Than a Year. What That Signals for the Economy. 
 

Having unneeded money in the financial system could exacerbate inflation just as Fed officials await evidence that price gains are slowing down before cutting interest rates.


 
Jamie Dimon sees potential trouble - and opportunity - in private credit 
 

JPMorgan chief foresees clients with locked-up funds demanding their money back and calling their congressperson to complain if trouble arises in the private-credit world


 
Goldman Sachs executive Beth Hammack named next president of Cleveland Fed 
 

Beth Hammack, a top executive at Goldman Sachs, will become the next president and chief executive of the Federal Reserve Bank of Cleveland, the bank said Wednesday.


 
Mortgage rates inch up for the first time in a month, spooking home buyers 
 

Mortgage applications fell 5.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.05%.


 
Hannon's Take: A Soft Landing From the Putin Shock 
 

It seems increasingly likely that Europe's economy is on the mend, even if it will never be quite the same again.


 
German Consumer Confidence Continues to Improve 
 

The GfK forward-looking consumer-climate index for Germany forecast a rise in confidence in June, increasing for a fourth month in a row, as purchasing power is set to improve with easing inflation.


 
IMF Raises China Economic Growth Forecasts 
 

China's economic outlook seems brighter after a strong first-quarter performance and recent policy stimulus, the International Monetary Fund said as it raised growth forecasts for the country.


(END) Dow Jones Newswires

05-29-24 2315ET