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U.S. Stocks Trade Lower
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Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
U.S. stocks rally on ‘Goldilocks’ jobs report as Wall Street’s fear gauge slides
U.S. stocks have swung to an upbeat start in May, with Wall Street’s “fear gauge” easing to its lowest level since the end of March as investor anxieties tied to inflation appeared to subside.MarketWatch - Business -
The Job Market Shifted Into Lower Gear
Also, a congressman from Texas was indicted. Here’s the latest at the end of Friday.The New York Times - Top stories -
Could lower swing-state inflation rates help Biden and hurt Trump?
Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor ...The Hill - Politics - Joe Biden -
Tech shares led U.S. stock indexes higher ahead of a jobs report for April, with the S&P 500 and Dow both rising 0.9% and the Nasdaq gaining 1.5%.
Tech shares led U.S. stock indexes higher ahead of a jobs report for April, with the S&P 500 and Dow both rising 0.9% and the Nasdaq gaining 1.5%.The Wall Street Journal - World -
The lesson of Loki? Trade less
Going back as far as the Norse gods, the market has tricked investors into making rash decisionsFinancial Times - Business -
SPDR Gold Shares Inch Lower Following Jobs Report
Gold prices edged lower, with April’s lower-than-expected jobs gains giving investors hope that the economy is finally cooling down.The Wall Street Journal - World -
Heard on the Street's Stock-Picking Contest
Read about our columnists’ favorite and least-favorite stocks and see how they have performed.The Wall Street Journal - World -
Cost of bankrupt Birmingham’s equal-pay claim likely far lower than £760mn
City councillors say inflated ‘worst-case’ estimate has been used to justify major cuts and asset sales in local authorityFinancial Times - World
More from The Wall Street Journal
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Retailers Shake Up Self-Checkouts to Curb Irritation---and Theft
Problems with the technology are prompting companies including Target and Walmart to change their operations or ditch the stations.The Wall Street Journal - World -
Texas Ban on 'Woke' Banks Opens Door for Smaller Firms
The political conflict over socially conscious finance has Wall Street heavyweights pulling back in Texas, the nation’s top issuer of state and local debt, with $42 billion last year.The Wall Street Journal - World - Texas -
Berkshire Hathaway Kicks Off Annual Meeting With Another Record Cash Pile
Warren Buffett will take the stage to address thousands of shareholders and fans. The company reported quarterly net income of $12.7 billion.The Wall Street Journal - World -
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There’s more to Warren Buffett’s game than just picking great stocksThe Wall Street Journal - World -
Heard on the Street's Stock-Picking Contest
Read about our columnists’ favorite and least-favorite stocks and see how they have performed.The Wall Street Journal - World