News Highlights : Top Global Markets News of the Day – Tuesday at 9 PM ET
Nasdaq Hits Record High Ahead of CPI Data
Meme stocks GameStop and AMC Entertainment surged.
Stock market could suffer ‘ugly’ day if April CPI comes in above this level
A Wall Street analyst breaks down what would make for a “good, bad or ugly” market response to Wednesday’s CPI data.
Mester Says Fed in ‘Really Good Place’ to Study Economy Before Charting Rate Path
The Cleveland Fed president said she wasn’t eager to consider interest-rate hikes.
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook.
Wholesale inflation surges again, PPI shows, leaving Inflation still sticky
U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation.
‘Roaring Kitty’ Came Out of Hibernation. Is the Meme Stock Craze Back?
Short sellers have been burned by the resurgence of GameStop, AMC and other meme stocks.
Office-loan delinquencies jump to nearly 6-year high, says Moody’s
Higher interest rates, hybrid work schedules and tighter credit standards will likely keep putting pressure on office loans through 2026, according to a new Moody’s report.
Top-Ranking Lenders See Diminishing Recoveries in Bankruptcy
Top-ranking lenders continue to get less of their money back when companies go bankrupt as many firms head into chapter 11 with less junior debt to absorb the pain, and as aggressive debt restructurings can change who gets repaid first.
Americans’ Overdue Bills Are Mounting Up. More People Are Missing Payments.
While total debt grew modestly, many Americans struggled to make timely payments last quarter, with delinquency rates on the rise for all debt types, according to the New York Fed.
OPEC Sticks to Oil-Demand View
OPEC left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel’s next production policy move at its upcoming meeting in June.
(END) Dow Jones Newswires
05-14-24 2115ET
