Economy Week Ahead: U.S. Existing-Home Sales, German Business Confidence
U.S. orders for durable goods and U.S. consumer spending will also be in focus this week.
Bipartisan Infrastructure Bill Could Lose Gas-Tax Rise, Senator Says
Sen. Rob Portman suggests the removal of an obstacle to a nearly $1 trillion infrastructure plan pushed by a bipartisan group of lawmakers.
Dow Drops More Than 500 Points
The Dow Jones Industrial Average had its worst week since October, falling more than 3%, as Fed policy makers signaled this week that they expect to raise interest rates sooner than anticipated.
Tight Labor Market Returns the Upper Hand to American Workers
Employers competing for low-wage workers are offering signing bonuses, bigger raises and perks previously reserved for white-collar employees.
Supply Crunch Risks Extending Into 2022, Stoking Inflation
Economists and business executives now say supply-chain disruptions, key labor shortages and resurgent demand driven by multiple rounds of fiscal stimulus will persist through the end of the year, if not longer.
Iran's New Hard-Line President Poised for Pivotal Role in Nuclear Talks
While Ebrahim Raisi is expected to agree to reimposing constraints on Iran's nuclear program, he is seen as a more confrontational adversary to the West than his predecessor, current President Hassan Rouhani.
U.K. Home Prices Continue to Rise But Pace Is Slowing
U.K. house prices continue to rise to new highs though at a slower pace than recent months, according to new data from property portal Rightmove.
Facebook, Alphabet Keep Rising; Apple, Netflix Fade
The so-called FAANG stocks and their lofty valuations are being reconsidered by investors after their synchronized rise last year amid the pandemic.
Troubled Companies Take Page From AMC Playbook in Seeking Stock-Market Lifelines
Earlier this month, coal miner Peabody Energy Corp., offshore drilling contractor Transocean Ltd. and retailer Express Inc., all announced plans to sell stock, betting equity markets will support them despite heavy debt loads, recent losses and industry headwinds.
The New Test for Central Bankers' Cool: Booming House Prices
With consumer prices rising sharply, central bankers are having to work hard to resist the temptation to raise interest rates. A real-estate boom could make the job even tougher.
(END) Dow Jones Newswires
06-20-21 2115ET