Federal Reserve Gov. Michelle Bowman on Friday backed more interest rate hikes if inflation remains high and the labor market remains tight.
Economic Report: Import prices rise in April for first monthly gain this year
The cost of U.S. imported goods rose 0.4% in April, the Labor Department said Friday.
Metals Stocks: Gold on track to sink for third day as analysts ponder rally’s fate
Gold prices trade lower again on Friday following two sessions of losses as a stronger U.S. dollar took some of the shine off the yellow metal, prompting some analysts to speculate about an end — or perhaps a pause — for what has been a multi-month rally.
Need to Know: Why the stock market has actually thrived as regional banks flounder.
The gains for big tech outweigh the damage to financials as stress reduces bond yields.
Deep Dive: Profit risks for 10 large regional banks: How a reversal of pandemic deposit trends could cut earnings
A lower supply of cheap cash could lead to profit declines up to 40% for large regional banks in one scenario, according to Keefe, Bruyette & Woods.
: The regional-bank crisis did not appear over on Thursday
Jamie Dimon, Larry Summers and Jerome Powell have declared the end of the crisis, even as PacWest waves another potential red flag.
: Tesla raises prices on the Model S, Model X and Model Y
Tesla Inc. will again tweak the prices of its vehicles, this time boosting the prices of its Model S, Model X, and Model Y cars.
Bond Report: Two-month T-bill rate bounces back from lowest level since March on debt-ceiling worries
The 2-month T-bill undergoes volatile trading after a meeting between President Joe Biden and congressional leaders on the debt ceiling is postponed.
: Peloton stock closes at new all-time low after recall announcement
Shares of Peloton Interactive Inc. slid to a new all-time low Thursday, with a recall announcement the latest in a string of negative developments.
Brett Arends’s ROI: Vanguard index funds lose out to its own stock-picking fund
New research says active funds are beating passive index funds.
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