S&P 500, Nasdaq Hit New Records 

Shares of Macy's rose, while Lowe's stock fell after the retailers reported results.

Fed Is In 'Risk Management' Mode with Rate Policy as It Seeks Clarity on Inflation 

Fed Presidents Mester, Collins, and Bostic preach patience in determining whether price growth is cooling.

Risky Bonds Join the Everything Rally 

The premium paid by high-yield debt falls to near pandemic-era lows.

Crypto Takes Aim at 2024 Elections 

Coinbase, Kraken and others are fighting for survival after a regulatory crackdown.

Chinese Business Group Warns of Tariff Hikes on Car Imports 

A Chinese business group warned of possible tariff increases on car imports in retaliation for moves by the U.S. and European Union on Chinese electric vehicles.

New Zealand Central Bank Keeps Rates on Hold 

The Reserve Bank of New Zealand signaled that interest rates might need to remain restrictive for longer than expected due to stubborn inflation, delivering a hawkish shock to money markets.

Japan's Exports Rise for Fifth Straight Month 

The climb was driven by cars and semiconductor manufacturing equipment, but it was lower than the forecast expansion.

The stock market has already chosen a winner in the 2024 presidential election 

'It's the stock market, stupid!' Dow Jones Industrial Average is a surprisingly reliable election predictor.

The U.S. Raised Tariffs on China. Now It Wants Europe's Support. 

Washington is trying to wrangle its European allies into a united front against a surge in Chinese exports.

How Wall Street Lenders Are Betting Big on the AI Boom 

Investment giant Blackstone recently led a $7.5 billion deal backed by artificial-intelligence chips, the latest financing that looks to take advantage of the sector's rapid growth.

(END) Dow Jones Newswires

05-22-24 0115ET