Stocks Extend Rally as Jobless Claims Fall
The S&P 500 and Dow industrials climbed after data showed a drop in the number of Americans filing for unemployment.
Easing Unemployment Claims Show Slower Pace of Virus-Related Layoffs
U.S. workers filed fewer unemployment applications for the eighth straight week, but the level of claims remained 10 times higher than before the coronavirus pandemic.
U.S. Economy Contracted 5% in the First Quarter as Coronavirus Hit
The U.S. economy's first-quarter contraction was slightly steeper than initially estimated, and a key measure of corporate profits weakened as coronavirus-related shutdowns began to come into effect.
U.S. Crude-Oil Inventories Rise Sharply
U.S. inventories of crude oil unexpectedly surged higher even as refinery activity increased, according to data released Thursday by the Energy Information Administration.
Chinese Policy Makers Have Stimulus Measures Ready, Premier Says
Premier Li Keqiang emphasized that China's abandonment of its formal growth target didn't diminish the importance of economic growth.
Iran's Economy Is in Crisis; Its Stock Market Is on a Tear
Crushed by U.S. sanctions and weak oil prices, Iran has one of the world's most battered economies. It also hosts one of the best-performing stock markets.
Global Glut Keeps a Lid on Natural-Gas Prices
Mild May weather has limited domestic demand, brimming storage facilities abroad have reduced exports and the flow from oil wells hasn't declined by as much as expected.
Turkey Borrowed Foreign Currency as Lira Tumbled
Turkey's central bank ramped up foreign-currency borrowing from local banks to a record high last month, as it moved to reverse a steep fall in the local currency.
Weakening of Foreign Currencies Opens Up Hedging Options
Companies are seeing a hedging opportunity as several currencies have weakened against the U.S. dollar over the past few months.
Fashion Stockrooms Are Bursting at the Seams
Unsold merchandise has piled up at clothing retailers during lockdowns. That is bad news for profit margins but great for shoppers.