Tech Stocks Lead Rally Ahead of Jobs Report
Fed Chair Powell's remarks this week have renewed the focus on economic data.
Apple Is Buffett's Best Investment. It's Also Now One of His Riskiest.
The legendary investor and his longtime partner, Charlie Munger, changed their stripes for a tech stock. Now, the size of the stake is worrying some Berkshire shareholders.
Private-Equity Woes Spell Opportunity for Credit-Focused Ares
Leaders of Ares Management say the capital needs of buyout-fund sponsors drive demand for financing.
U.K. Store Footfall Fell Sharply in April
U.K. retail footfall declined sharply in April on unseasonably wet weather and the earlier Easter timing, pointing to continued struggles for the sector.
Former Pioneer CEO Is Accused of Trying to Collude With OPEC
The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe.
Bank of Canada Gov. Macklem Acknowledges Limits on Rate-Policy Divergence From Fed
"Clearly, if we cut interest rates and that weakens the Canadian dollar, that is something you have to take into account," Macklem said.
Elliott and Warren Buffett Are Now Both Bullish on Japan
Hedge fund Elliott has built a position in Sumitomo, joining Berkshire Hathaway. The trading firm's shares are up 10% this week.
Canada Swings to Goods-Trade Deficit as Exports Drop
Canada unexpectedly posted a goods-trade deficit in March after a slump in exports erased gains made the month before, led by a retreat in gold shipments and declines in the automotive industry.
U.S. productivity slumps in first quarter
Productivity had been a bright spot for the economy over the past year and today's data dims the outlook.
Jobless claims inch up to 208,000. Layoffs still extremely low.
The number of Americans who applied for unemployment benefits last week barely rose to 208,000, indicating that layoffs remain at extremely low levels associated with a sound economy.
(END) Dow Jones Newswires
05-03-24 0115ET
