Stocks End Mixed as Walmart Says It Will Raise Prices Because of Tariffs

Stocks settled mixed after a midday rally faded. The Dow industrials rose 0.7%. The S&P 500 gained 0.4%. The Nasdaq Composite lost 0.2%.

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Japan’s Economy Shrinks for First Time in a Year

Japan’s economy shrank in the first quarter of 2025 for the first time in a year, and faces a bumpy road ahead due to the impact of U.S. trade policy.

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Shipping Rates Rise as U.S.-China Trade Truce Drives Import Surge

Rollback of tariffs reverses a sharp drop in trans-Pacific shipments and rates as importers race to stock up for back-to-school, holiday shoppers.

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Trump Administration Targets Europe’s Digital Laws as a Threat to Basic Rights and U.S. Business

The State Department is leading a broad campaign against European Union rules intended to protect online users.

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Trump Says U.S., Iran Close to Nuclear Deal

Oil prices fell as investors anticipated that any deal would entail easing sanctions on Iranian crude exports.

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Wholesale inflation shows biggest decline since 2020, but the good news is unlikely to last

Wholesale prices posted the biggest drop in April since the pandemic in 2020, but economists say the decline in inflation appeared to be a one-off that might not be sustained if tariffs persist at current levels.

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Canada Factory Shipments Drop 1.4% in March

Sales by Canadian manufacturers declined sharply in March as U.S. import tariffs aimed at its northern neighbor came into effect.

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Powell Steers New Strategy for a World Where Very Low Rates Are No Sure Thing

Changes to the Federal Reserve’s rate-setting framework are unlikely to influence officials’ current decisions. But the expected changes acknowledge that the “lower-for-longer” interest-rate era may be over.

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Walmart Becomes Biggest Retailer Yet to Pass Through Tariff Price Increases

America’s largest retailer plans to raise prices later this month and early this summer, when tariff-affected merchandise hits its store shelves. Some prices already have increased.

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America’s Commercial Real-Estate Pain Tests Bank That Built Its Fortunes on Skyscrapers

Bank OZK wants to diversify after long defending ultrahigh concentrations of commercial real estate.

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Jobless claims hold steady in latest week, continuing to signal healthy labor market

Initial jobless claims held steady at 229,000 in the week ending May 10, the Labor Department said Thursday.

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Rebound Leaves Asset Prices out of Line With Geopolitical Risks, Says ECB’s De Guindos

Investors were again underestimating the risk of disruptions to the global economy, and a fresh bout of sharp price falls is possible, the ECB’s vice president warned Thursday.

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First-Time Home Buyers Are Struggling. That’s Bad News for Builders.

Even with construction companies offering cheap mortgages, youngish people are finding it difficult to enter the market.

(END) Dow Jones Newswires

May 15, 2025 21:00 ET (01:00 GMT)

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