S&P 500 Hits New Record After Hot Inflation Data
All three major indexes closed in the green, led higher by the Nasdaq. Frothy U.S.
Stock Market Just Isn’t Crazy Enough to Be a Bubble
Artificial intelligence and other sectors are inflated for sure, but to this columnist speculative mania isn’t evident.
How China Tried to Fix the Stock Market-and Broke the Quants
China’s biggest quant funds beat the market for years, but they didn’t model a key factor-the government.
Inflation Picks Up to 3.2%, Slightly Hotter Than Expected
The consumer-price index rose faster than expected last month, introducing greater uncertainty over when the Federal Reserve will lower interest rates.
Ukrainian Drone Strikes Disrupt Russian Oil Industry
The campaign of attacks on refineries and other petroleum infrastructure aims to disrupt fuel supplies to Moscow’s front line and damage its export industry.
OPEC Holds Demand View Steady, Raises 2024 Economic Forecast
OPEC left its estimates for global oil-demand growth unchanged, but raised its economic forecast for this year further amid falling inflation and anticipated interest-rate cuts.
Small-Business Bankruptcies Surge Ahead of Potential Law Change
The 78% rise in subchapter V petitions under chapter 11 in February was also due to pressures to repay pandemic loans and high-interest debt, lawyers say.
U.S. Small Business Optimism Weakens on Inflation Worries
The National Federation of Independent Business said its small-business optimism index declined to 89.4 from 89.9 in January, weaker than expectations of an increase to 90.2.
BOJ Likely to Move Slowly on Raising Rates, Sources Say
The Bank of Japan is likely to move slowly in raising interest rates above zero even if it decides to end its negative interest-rate policy, according to people familiar with the central bank’s thinking.