The NACHO Trade Is Taking Shape on Wall Street
Oil prices and Treasury yields are rising, while an extended chip-stock rally helped nudge indexes to new records.
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Japan Finance Minister Confirms Continued Coordination with U.S. on Forex
The U.S. and Japan have reaffirmed their commitment to working closely together to monitor the currency market, Japan's finance minister said after meeting with Treasury Secretary Scott Bessent.
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U.S. and Iran Are Locked in a Stalemate That's Neither Peace Nor War
The two sides are far apart from a deal but also don't want to resume fighting.
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As Trump heads to China, here's how much the dollar is overvalued, according to Goldman Sachs
China may allow its currency to succumb to upward pressure as part of its trade negotiations with the U.S. The renminbi is cheaper than it has been for several decades, according to GS forex strategists
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'Piece of Garbage': Trump's Response to Iran's Counteroffer Sends Oil Prices Higher
He added that "the cease-fire is on massive life support."
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Stocks are hitting record highs even as Iran war drags on. How long can it last?
The S&P 500 finished above 7,400 for the first time ever but Wall Street's 'fear gauge' also spiked
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Senate Advances to Final Vote on Kevin Warsh Nomination to Fed Board
The Senate took another procedural step toward confirming Warsh as the next Federal Reserve chair.
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Trump Delays Move to Lower Tariffs on Beef Imports
The administration was set to suspend tariff-rate quotas on all beef-exporting nations. Beef prices have climbed steadily since Trump took office.
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China Central Bank Warns on Imported Inflation Risks
The People's Bank of China said in its first-quarter monetary policy report that imported inflation risks require "close monitoring."
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Market Participants Eye March 2027 for Next Bank of Canada Rate Increase
Market participants appear undaunted by the risk of accelerated inflation from the Middle East conflict, and remain convinced the Bank of Canada won't budge on interest rates until next year, according to a survey.
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U.S. Employment Trends Index Ticked Up in April
The Conference Board's Employment Trends Index rose to 105.77 in April, from a downwardly revised reading of 105.52 in March.
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Housing Market's Spring Is Shaping Up as a Bust After April Sales Were Flat
Existing-home sales edged up 0.2%, well below economist expectations and extending the industry's long slump.
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Moderna Stock Loses Steam. Hantavirus Trade Fizzles as Officials Dismiss Pandemic Risk.
Inovio Pharmaceuticals and Novavax stocks pare back earlier gains as the rally loses enthusiasm.
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Gasoline Prices Aren't the Only Inflation Threat. Watch Housing Costs.
Economists say distortions tied to the 2025 government shutdown could cause shelter inflation to accelerate in April, complicating the Federal Reserve's fight against rising prices.
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Powell's legacy as Fed chair is fighting inflation and Trump. He may lose the battle against both.
Jerome Powell will be remembered for how the struggles against inflation and to preserve Federal Reserve independence ultimately end.
(END) Dow Jones Newswires
May 11, 2026 23:00 ET (03:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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