U.S. stocks end mostly higher after the consumer-price index shows prices rose 2.3% in the 12 months through April. Plus: Coinbase shares surge on news the crypto exchange will join the S&P 500. And shares of Boeing rise after China lifts a ban on new deliveries of the company’s planes. Pierre Bienaimé hosts.
P.M. Edition for May 13. Companies seek to access foreign-trade zones as they navigate rising U.S. tariffs. WSJ news associate Owen Tucker-Smith reports on how the country’s roughly 260 foreign-trade zones allow them to defer tariffs on imported goods and materials, for a while. And the latest consumer-price index showed prices rose 2.3% in the 12 months through April, slowing from a 2.4% rate a month earlier. Economics reporter Chao Deng considers U.S. tariffs’ effects on that price growth. Plus, President Trump announced an end to sanctions on Syria during the first of a four-day trip to the Middle East. The move would give Syria’s new rulers a financial lifeline. Alex Ossola hosts.
A.M. Edition for May 13. President Trump landed in Riyadh this morning, his first stop on a regional visit during which Saudi Arabia, Qatar and the United Arab Emirates, plan to announce dozens of business agreements with the U.S. WSJ foreign correspondent Stephen Kalin previews what to expect and deputy Middle East bureau chief Shayndi Raice explains why Israel is questioning a slew of recent moves by its ally. Plus, United Airlines tries to reassure the flying public as travel issues mount at its New Jersey hub. And the world’s top auction houses hope 20th century masters can help the art market shrug off economic uncertainty. Luke Vargas hosts.
Plus: Japanese tech investment giant SoftBank reports its first profit in four years, while Honda Motor warns of the tariff impact. And Amazon is renewing a partnership with FedEx. Kate Bullivant hosts.
P.M. Edition for May 12. U.S. stocks rallied today—with the Nasdaq entering a bull market, closing 20% above its April low—after the U.S. and China agreed to temporarily unwind most of the tariffs they have imposed on each other’s goods since April. Plus, President Trump signs an executive order intended to lower U.S. drug prices. WSJ White House correspondent Natalie Andrews joins to discuss the order and what it means for consumers. And the retail-property market, which had bounced back after the pandemic, is starting to fall flat. Kate King, who covers real estate for the Journal, talks about why that is and what it means for the broader state of the retail industry. Alex Ossola hosts.
U.S. markets rallied after the world’s two largest economies agreed to slash punishingly high tariffs on each other’s goods and reset the tone on trade relations. Plus: big tech stocks, retail, and consumer goods stocks surged after the announcement. Danny Lewis hosts.
Plus: Ukrainian president Volodymyr Zelensky says he wants to meet his Russian counterpart Vladimir Putin face-to-face later this week in Turkey. And pharma stocks fall after President Trump said he would sign an executive order aimed at lowering the cost of prescription drugs. Luke Vargas hosts.
A.M. Edition for May 12. Washington and Beijing take a major step toward thawing their trade conflict by agreeing to lower tariffs on each other’s goods by 115%. WSJ reporter Jason Douglas recaps the results of weekend talks and explains which issues the two sides still need to sort out. Plus, President Trump is expected to sign an executive order today tying U.S. drug prices to what other countries pay. And Ukrainian President Volodymyr Zelensky challenges Russian President Vladimir Putin to meet him for peace talks this week. Luke Vargas hosts.