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Robust Labor Market Poses Threat to Stocks’ Rally

June 1, 2023 / no comments

Investors are debating whether the jobs market’s resilience will prompt worrisomely tight Fed policy or is a sign that the economy can skirt a recession.

Markets Rise as Debt Ceiling Deal Moves to the Senate

June 1, 2023 / no comments

Global markets edged higher as the prospect of the United States defaulting on its debt grows more remote.

Commercial Real Estate Can Be a Problem for Banks, and Also a Solution

June 1, 2023 / no comments

Banks need to do more higher-yielding lending, but also have to be wary of the risks.

A Onetime Paper Maker Is Now the King of Lithium

June 1, 2023 / no comments

Charlotte, N.C.-based Albemarle, which began as a paper mill in 1887, has become a key cog in a tight global supply chain for battery metals used in electric cars and smartphones.

Cooling Eurozone Inflation Opens Path for ECB Rate Pause

June 1, 2023 / no comments

Consumer prices in the eurozone were 6.1% higher in May than a year earlier. A pause after an expected rate rise in June would give the central bank time to study the impact of its recent tightening.

The $1 Trillion Company That Started at Denny’s

June 1, 2023 / no comments

AI made Nvidia the world’s most valuable chip maker. So did three guys sipping diner coffee and planning to conquer markets that barely existed.

A ‘Dirty’ Job That Few Want: Mining Companies Struggle to Hire for the Energy Transition

June 1, 2023 / no comments

Young people are turning their noses up at skilled positions like engineers and geologists in an industry beset by an aging workforce.

China Crosses Milestone With C919 Flight but Has Long Way to Go

June 1, 2023 / no comments

The C919 jet, made by a state-owned manufacturer, completed its first commercial flight. But Western rivals still supply most of China’s planes.

Eurozone Inflation Rate Falls to 6.1 Percent in May

June 1, 2023 / no comments

The rate of price increases slowed to an annual rate of 6.1 percent in May, but food costs continued to keep inflation uncomfortably high.

Traders Unfazed by Potential OPEC Production Cuts

June 1, 2023 / no comments

Oil prices have slid to a critical level for Saudi Arabia, setting up a showdown between the cartel and speculators.

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