Dow Jones Newswires China S Official Manufacturing Pmi Slides Further into Contraction in May
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Dow Jones reaches 40,000 for first time
A strong labor market and cooling inflation fueled a spike in the Dow Jones industrial average that reached 40,000 for the first time. CBS News contributor J.D. Durkin breaks down the numbers.CBS News - Top stories -
U.S.-China tensions are blocking the road for EV manufacturers
Biden administration is confident that U.S. car companies will adapt to new tariffs on Chinese-made products.MarketWatch - Business - China -
Dow Jones Industrial Average Tops 40000 for the First Time
The recession that so many economists anticipated has remained out of sight, giving investors hope that stocks can keep climbing.The Wall Street Journal - World -
Dow Jones trades above 40,000 for first time, but fails to achieve milestone
The Dow Jones Industrial Average trades above 40,000 for first time ever on Thursday, but fails to finish above the milestone.MarketWatch - Business -
What the Dow Jones Hitting 40,000 Points Tells Us
The stock market isn’t the economy — but its record high refutes conspiracy theories.The New York Times - Top stories -
A massive earnings surge could lift the Dow to 60,000 and the S&P 500 to 8,000, says top Wall Street strategist
Yardeni Research’s chief investment strategist, Ed Yardeni, told clients in a note that the stock indexes could soar even higher thanks toMarketWatch - Business -
Biden’s Get-Tough-on-China Tariffs May Backfire
Some of President Biden’s new array of tariffs targeted at China make sense. But others seem motivated by a desire to outflank his opponent in Rust Belt swing states.The New York Times - Top stories - Joe Biden -
China is a 'critical' global supplier, full decoupling may be impossible, survey shows
Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade.CNBC - Business - China -
The Dow closed above 40000 for the first time, a day after eclipsing the mark on an intraday basis. For the week, the Dow, S&P 500 and Nasdaq rose 1.2%, 1.5% and 2.1%, respectively, and all remain at or near records hit during the week.
The Dow closed above 40000 for the first time, a day after eclipsing the mark on an intraday basis. For the week, the Dow, S&P 500 and Nasdaq rose 1.2%, 1.5% and 2.1%, respectively, and all remain at or near records hit during the week.The Wall Street Journal - World -
Tech stocks helped lift the Nasdaq 0.7% to a record, while the S&P 500, which traded at record levels before a late-session pullback, rose less than 0.1%. The Dow fell 0.5%.
Tech stocks helped lift the Nasdaq 0.7% to a record, while the S&P 500, which traded at record levels before a late-session pullback, rose less than 0.1%. The Dow fell 0.5%.The Wall Street Journal - World -
AstraZeneca Plans $1.5 Billion Manufacturing Facility In Singapore
The Anglo-Swedish pharmaceutical giant plans to build a $1.5 billion manufacturing facility in Singapore to boost its global supply of cancer-killing treatments.The Wall Street Journal - World -
AstraZeneca to build $1.5bn manufacturing site in Singapore
Anglo-Swedish drugmaker to produce targeted chemotherapy drug at facilityFinancial Times - World -
Week Ahead for FX, Bonds: PMI Surveys, Asia Central Banks in Focus
Key data from the U.S., Europe and U.K. will share the stage with a raft of central bank decisions out of Asia-Pacific, as the timing of interest rate cuts stays front of mind for investors.The Wall Street Journal - World -
FTAV’s further reading
17 Mai; VC friends; leverage; used Teslas; elephant greetingsFinancial Times - World -
Baerbock calls for further international air support for Ukraine
Yahoo News - World - Ukraine -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
Fed governor: Further rate increases 'probably unnecessary'
Christopher Waller, a member of the Federal Reserve Board of Governors, said that further interest rate increases will be “probably unnecessary,” pointing to data showing that inflation is not “accelerating.” “Central bankers should never say ...The Hill - Politics - Federal Reserve -
Deere’s stock slides after agriculture equipment maker again lowers guidance
Deere & Co. Inc.’s stock tumbled 3.5% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offered guidance that fell short of estimates.MarketWatch - Business -
Biogen and Ionis Pharma shares slide as they end development of ALS treatment
The move comes after early-stage trial failed to result in a clear signal it slowed the disease process.MarketWatch - Business -
GameStop Stock Slides on Plans for Share Sale, Weak Revenue
Shares of the videogame maker declined 25% after it said it plans to sell up to 45 million shares. GameStop has 306 million shares outstanding.The Wall Street Journal - World -
Dow passes 40,000 for first time
The Dow Jones Industrial Average eclipsed 40,000 points for the first time in its history Thursday as Wall Street cheered slowing inflation and potential for lower interest rates. The iconic stock index was up roughly 111 points shortly before 11 ...The Hill - Politics -
The Dow's road to 40,000 in one chart
The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year.CNBC - Business -
Yelp for government contracting? Procurated launches Canary
Canary seeks to empower both state governments in evaluating suppliers, and suppliers in evaluating their performance.VentureBeat - Tech -
Messi's napkin contract promise sells for £762,400
The napkin on which 13-year-old Lionel Messi's first Barcelona contract was signed is sold at auction - for £762,400.BBC News - Top stories -
Report: Aiyuk, 49ers not close in contract negotiations
Brandon Aiyuk and the 49ers reportedly are not close in contract extension negotiations.Yahoo Sports - Sports - NFL -
Saipem Bags Subsea Contract for Ndungu Field in Angola
Yahoo News - World -
England’s Euro 2024 squad: Rashford and Henderson out, Wharton and Jones in
Provisional squad has Shaw and Branthwaite but no ChilwellGuéhi, Quansah, Bowen, Eze, Toney and Maddison pickedGareth Southgate has made a string of huge decisions in naming England’s 33-player training squad for Euro 2024, with Marcus Rashford ...The Guardian - World -
When Form(s) Follows Function
Since 2009, the creators at Forms have been making unusual and sculptural pieces. The latest inspiration? A Japanese shakudo buckle.The New York Times - Lifestyle -
Further riots in France's New Caledonia, second police officer killed
Yahoo News - World -
Topeka superintendent on furthering the legacy of Brown v. Board of Education
The district at the center of the landmark 1954 Brown v. Board of Education ruling, which outlawed racial segregation in schools, is now helmed by its first Black female superintendent.CBS News - Top stories -
Slovakia Prime Minister Undergoes Further Surgery After Assassination Attempt
The authorities have released few details about the assassination attempt on Robert Fico, including the plan for leading the country in his absence. But they partially named the suspect for the first time.The New York Times - World -
Biden announces grants to further desegregate schools on Brown vs. Board anniversary
The $20 million in new grants will go to creating magnet programs across the country to attract students across many backgrounds, the White House says.ABC News - Top stories - Joe Biden -
How A's pitcher Sears used pandemic to further his MLB career
JP Sears told Brodie Brazil on "All A's" how he furthered his MLB career during the COVID-19 pandemic.Yahoo Sports - Sports - MLB -
New Caledonia: Macron calls further security meeting as deadly unrest grinds on
French forces launch operation on Sunday to regain access to parts of Nouméa and allow airport to reopen. The French president, Emmanuel Macron, has called a meeting of his defence and security council to discuss the deadly unrest in the Pacific ...The Guardian - World -
UK and Finland discuss further efforts to stop Russia’s shadow oil fleet
Third parties could be required to do more to block tankers from operating in Baltic and the Channel. Russia-Ukraine war – latest news updatesBritain and Finland are discussing plans to require third parties to do more to block the Russian shadow ...The Guardian - World - United Kingdom -
The Dow crosses 40,000 for the first time in history
The Dow is now up about 6% so far this year.ABC News - Top stories -
Why the Dow Keeps Hitting New Records
The DJIA has just hit 40,000—but didn’t it just reach 30,000 three years ago? The Dow’s milestones keep coming faster and faster. WSJ’s Gunjan Banerji explains why.The Wall Street Journal - World -
Dow Closes Below 40000 After Hitting Milestone
The Dow Jones Industrial Average crossed 40000 for the first time before pulling back to finish the day with a loss of around 0.1%. The S&P 500 and Nasdaq Composite also retreated.The Wall Street Journal - World -
Trump vs. Biden: How the Dow's Performance Compares
The Dow Jones Industrial Average’s brief move above 40000 is welcome news to a president who is facing voter malaise over the economy.The Wall Street Journal - World - Donald Trump -
Dow rises above 40,000 for first time in history
For the first time ever on Thursday, the Dow Jones average rose about 40,000, providing new optimism about the economy. CBS News business analyst Jill Schlesinger breaks down what it means.CBS News - Top stories