Coronavirus Continues to Weigh on U.S. Consumer Prices

U.S. consumer prices continued to slip lower in May after a sharp drop in April, while the cost of groceries continued to go up with people staying at home during the coronavirus pandemic. 


 
Fed Debates How to Set Policy for the Post-Pandemic Economy

Federal Reserve officials could take preliminary steps to explain how they will provide more support to the economy now that interest rates are pinned near zero. 


 
U.S. Stock Futures Edge Up Ahead of Fed's Economic Projections

Investors will parse new forecasts from the Fed and absorb any guidance from Powell about the central bank's longer-term intentions on interest rates. 


 
A Rising China's Underclass Is Suddenly Thrust Into the Light

Jobs, instead of growth, will be the focus of China's post-Covid-19 economy. The plight of the country's millions of low-income workers is highlighting the gaps in China's social safety net-and creating political fissures as well. 


 
Stock Pickers Underperformed During Market Turmoil

Most U.S. large-cap stock-picking funds lagged behind the benchmark S&P 500 in the early months of 2020, losing out on opportunities. 


 
Rice Prices Spike to Highest Level Since 2011

Rice futures spiked to their highest level in nearly nine years after the global pandemic boosted shoppers' demand for the grain. 


 
What We Talk About When We Talk About CLOs

When collateralized loan obligations enter the public discussion, it's usually in the context of credit risk. Perhaps the current focus should be on the supply of credit. 


 
China's Companies Find Ways to Avoid Bond Blowups

Chinese companies are avoiding or minimizing bond defaults, even as the economy shrinks for the first time in decades. Some methods include asking creditors to wait longer for repayment or forgo the right to redeem bonds early. 


 
Second Pandemic Wave Would Inflict Big Economic Cost, Says OECD

A second wave of lockdowns to counter a resurgent novel coronavirus would deal a terrible blow to a global economy already facing a severe contraction, the Paris-based research body said.