Why Did the Stock Market Gain Today? Minutes Show the Fed Isn’t Getting More Aggressive.

Text size The S&P 500 is down more than 16% this year. SNEEZE The stock market jumped higher Wednesday after the Federal Reserve’s minutes revealed that the central bank is sticking to its commitment to lift short-term interest rates, but that is not getting any more aggressive on tightening monetary policy. The Dow Jones Industrial … Read more

Stocks Close Higher After Fed Minutes Signal Commitment To Raising Rates

US stocks rose Wednesday after several retailers offered investors some optimism for this year’s sales and the release of minutes from the Federal Reserve’s most recent policy meeting signaled few changes in the central bank’s plan to fight inflation. After briefly opening lower, stock indices turned green in early trading. The benchmarks moved higher after … Read more

Rising Interest Rates Concern Apartment-Building Owners, Renters

Investors who bid up apartment-building prices to record levels over the past year are starting to come under pressure as rapidly rising interest rates squeeze their profits. Steeper borrowing rates make it harder for apartment landlords to pay back their loans. That could also be bad news for tenants, if it encourages building owners to … Read more

Stock Futures Slip Ahead of Fed Minutes

US stock futures declined ahead of the release of minutes from the Federal Reserve’s most recent policy meeting, which will be combed for details on the path of coming interest-rate rises. Futures tied to the S&P 500 fell 0.4% after the broad-market index closed down 0.8% on Tuesday. Nasdaq-100 futures slid 0.5%, suggesting that technology … Read more

Breaking Russia’s Ukrainian Grain Blockade

Servicemen from a combined sapper team of the International Mine Action Center under the Russian Armed Forces clear mines from the Mariupol Commercial Sea Port on May 23. Photo: Vladimir Gerdo / Zuma Press Vladimir Putin’s Ukraine war is spreading humanitarian and economic hardship far and wide, and on deck is a global food shortage. … Read more

Elon Musk and the Baby Bust

Photo: Seth Wenig / Associated Press Due to recent declines in stock prices, Elon Musk is now down to his last $ 200 billion. But despite all the sellers in today’s market, Mr. Musk is not letting those vast herds get him down. Instead, the Tesla CEO and SpaceX founder is once again offering compelling … Read more

Glencore Settles Corruption and Bribery Charges in US, UK, Brazil

Glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $ 1.2 billion and that two business units would plead guilty to bribery in the UK and to conspiracy to violate US anticorruption laws, resolving criminal probes that have hung over the global mining and trading business for years. The long-awaited guilty pleas … Read more

Glencore Settles Corruption and Bribery Charges in US, UK, Brazil

Glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $ 1.2 billion and that two business units would plead guilty to bribery in the UK and to conspiracy to violate US anticorruption laws, resolving criminal probes that have hung over the global mining and trading business for years. The long-awaited guilty pleas … Read more