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Stock Markets Finish Volatile Session Lower as S&P 500 Extends Decline

Stocks slipped, with the S&P 500 flirting with bear-market territory, as worries of an economic slowdown grew.

The Wall Street Journal |  | Fuente original

Biden Invokes the Defense Production Act to Increase Baby-Formula Supply

The Biden administration is also authorizing flights to import formula from abroad.

The Wall Street Journal |  | Fuente original

Target, Walmart Earnings Selloff Puts Retailers’ Inflation Pains on Display

Higher costs on fuel, products and wages prompt some companies to rethink how and when to raise prices further

The Wall Street Journal |  | Fuente original

Powell Says Fed Has Resolve to Bring U.S. Inflation Down

The central bank chief voiced confidence in monetary-policy makers’ ability to curb rising prices without triggering a recession but noted challenges ahead, speaking at the WSJ Future of Everything Festival.

The Wall Street Journal |  | Fuente original

U.S. Retail Sales Grew 0.9% in April

U.S. shoppers increased retail spending for the fourth straight month as inflation held close to its highest level in four decades.

The Wall Street Journal |  | Fuente original

China’s Economic Distress Deepens as Lockdowns Drag On

China’s economy descended deeper into a Covid-induced doldrums last month, raising questions about whether Beijing’s planned stimulus measures can prevent a prolonged downturn.

The Wall Street Journal |  | Fuente original

FDA Eases Baby-Formula Import Rules to Boost Supplies

Overseas makers will need to apply with the agency to make shipments to the U.S., and safety and quality checks will follow.

The Wall Street Journal |  | Fuente original

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