Kevin Warsh Is Confirmed as Fed Chair in 54-45 Senate Vote
The divided vote signaled the challenge ahead for Warsh, who faces a Fed committee skeptical of the rate cuts President Trump has demanded.
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Wholesale Inflation Shot Higher in April
Prices charged by producers rose by 1.4% in April from the month before, blowing past March's 0.7% increase, according to the Labor Department's producer-price index.
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Chip Stocks Bounce Back, Pushing Nasdaq Higher
Chip makers bounced back after Tuesday's stumble, pushing the Nasdaq composite and S&P 500 to new records. The Dow industrials meanwhile edged lower amid fresh signs of growing price pressures from the Iran war.
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Boston Fed's Collins Flags Rate-Hike Scenario as Inflation Risks Tilt Higher
In an interview, the Fed official said she is watching how households' inflation expectations have drifted higher.
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Global Nature of Energy Shock Raises Inflation Risk, ECB's Lane Says
The global nature of the rise in energy prices that has accompanied the conflict in the Middle East may lead to slower growth and higher inflation in the eurozone than had the impact been more contained, the European Central Bank's chief economist said.
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OPEC Cuts Oil Demand Forecast As Hormuz Shock Pushes Output Lower
It now forecasts global oil-demand growth of 1.17 million barrels a day this year, from 1.38 million previously.
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What Trump and Xi Want to Achieve at Their High-Stakes Summit
The president arrives in Beijing for a two-day meeting with the Chinese leader.
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Oil Prices Fall as Trump Meets With China's Xi. A New Warning on Supply Is Worrying.
Oil prices fell Wednesday after President Donald Trump arrived in Beijing for a high-stakes summit with China's Xi Jinping.
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Bank of Canada on Alert for Quick Change in Inflation Dynamics, Minutes Say
Bank of Canada officials agreed on the need to change course quickly on rate policy depending on developments in the Middle East and trade tensions with the U.S.
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Eurozone Industrial Production Inched Higher in March
Output rose 0.2% on month, though the war in the Middle East is expected to increasingly weigh on manufacturers as energy costs and supply disruptions mount.
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U.S. Crude Oil Inventories Post Third Straight Weekly Drop
U.S. crude oil inventories fell by 4.3 million barrels in the week ended May 8 and were about 0.3% below the five-year average for the time of year, the EIA said. Analysts expected a drop of 2.3 million barrels.
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Longer Working Lives and Immigration Keep Eurozone Economy Growing, ECB Says
Rising employment-partly from people working longer-has accounted for about half of the growth recorded in the eurozone since the third quarter of 2023.
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IEA Warns Recovery From Hormuz Supply Shock Will Take Months
The energy watchdog now expects global oil demand to contract by 420,000 barrels a day this year, from an 80,000-barrel-a-day decline projected previously.
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India Raises Gold, Silver Tariffs to Curb Imports
India has hiked tariffs on gold and silver imports, days after Prime Minister Narendra Modi warned that the Middle East crisis was pressuring the country's foreign-exchange reserves.
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Copper prices are now at their highest level on record. AI is only part of the story.
Copper refining now has a Strait of Hormuz problem.
(END) Dow Jones Newswires
May 13, 2026 17:00 ET (21:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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