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S&P Closes at New Record — Thursday Recap
The Wall Street Journal36d agoneutral
S&P Closes at New Record — Thursday Recap

Stocks hit new highs. The S&P 500 gained 0.65% to a new all-time high. The Nasdaq ended up 0.8% and the Dow rose 69.7 points, or 0.1%. Another inflation reading came in cool. The producer-price index, which measures wholesale prices, was flat in July after falling by 0.

Kevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns
24/7 Wall St.117d agoneutral
Kevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns

Kevin Warsh takes the oath as Federal Reserve chair on Friday in a White House ceremony, only the second Fed swearing-in held at the executive mansion in nearly 40 years. The last was Ronald Reagan hosting Alan Greenspan in 1987, a tableau the Trump White House is happy to revive. The optics matter because Warsh ... Kevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns

The market shakes off hot inflation data
TheStreet127d agoneutral
The market shakes off hot inflation data

We got a hot April Consumer Price Index (CPI) number, driven in a big way by energy costs, but even core CPI was surprisingly high, driven by a jump in shelter costs for the first time in a while. The April Producer Price Index (PPI) was even further above estimates. On May 12th, the ...