Dow Jones Top Markets Headlines at 9 PM ET: Stocks Slip, Tesla Tanks as Trump-Musk Feud Rages | Fed's …
Stocks Slip, Tesla Tanks as Trump-Musk Feud Rages
Rising jobless claims and a sharp decline in imports raised the specter of slowing economic growth.
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Fed’s Kugler: Higher Inflation Bigger Risk Than Weak Employment
The Fed governor supports keeping interest rates at current levels if the risk of higher inflation remains.
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Canadian Companies No Longer Fear ‘Catastrophic’ Fallout From Tariffs, Central Bank Says
Business leaders do, however, expect weaker sales in the months ahead, which ‘puts jobs at risk,’ says Bank of Canada Deputy Gov. Sharon Kozicki.
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Silver prices just hit a 13-year high. More gains could be on the way.
Silver rallied Thursday to tap its highest price in more than 13 years, with the industrial metal finally making a significant move to catch up to gold’s gains, pulling the gold-silver ratio down to its lowest level since the Trump administration’s “liberation day” tariff announcement.
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Oil Prices Have Stayed Unexpectedly Strong. One Wildcard Could Keep Them Rising.
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Labor-Market Outlook Cautious Ahead of May Jobs Report
Early hints of a slowing labor market are raising the stakes for Friday’s release of the May jobs report, anticipated to show cooler hiring but a steady unemployment rate.
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Trump Says He Discussed Trade, Rare Earths in Call With China’s Xi
President Trump suggested after the call that one point leading to a breakdown in trade talks-the export of rare-earth minerals-had been addressed.
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ECB Cuts Rates for Eighth Time, Widening Gap With Fed
The ECB’s rate cuts have drawn the attention of President Trump, who has criticized the more cautious stance of Federal Reserve Chair Jerome Powell.
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U.S. Trade Deficit Cut in Half on Record Drop in Imports
Businesses had rushed to get ahead of President Trump’s tariffs in March. In April, they stayed more on the sidelines.
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Jobless claims jump to 8-month high. But it’s probably not a sign of rising layoffs resulting from trade wars.
The number of people who applied for unemployment benefits last week jumped to an eight-month, but the details of the government’s report show little evidence of a tariff-related rise in layoffs.
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German Factory Orders Unexpectedly Climb, Overcoming Tariff Concerns
The news comes ahead of an expected ECB rate cut rate which could free up borrowing restraints for manufacturers.
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Ireland’s Economy Grew Much Faster Than Expected on Tariff Stockpiling
The economy grew three times as rapidly as first estimated in the first quarter, driven by stockpiling of pharmaceuticals and other goods by U.S. businesses ahead of threatened tariffs.
(END) Dow Jones Newswires
June 05, 2025 21:15 ET (01:15 GMT)
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