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U.S. Construction Spending Misses Analyst Forecasts

By Kirk MaltaisU.S. construction spending rose in May, but not by as much as expected by surveyed analysts, according to the latest report from the Census Bureau.In its monthly report published Wednesday, the agency said spending on building projects came in at a seasonally adjusted rate of $2.21 t…

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Economy
NEWS dow-jones

Unemployment Rate Expected to Hold Steady — Data Week Ahead

The following are median forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal.Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jun…

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Economy
NEWS dow-jones

Warsh on Supreme Court Fed Ruling: 'We Don't Have to Worry About Politics' — WSJ

By Chelsey DulaneyKevin Warsh offered his first reaction to this week's Supreme Court ruling that blocked President Trump from firing Fed governor Lisa Cook:"Before the Supreme Court [decision], the Fed acted independently and followed its remit. After the Supreme Court ruling, the Fed will continu…

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Economy
dow-jones

Dollar Steady with Traders on Alert for Yen Intervention — Market Talk

The ICE U.S. dollar index is up 0.1% and the greenback is steady at 162.49 yen after hitting a 40-year high of 162.83 earlier. There is speculation among traders that Japanese authorities could take advantage of U.S. holiday-thinned trade on Friday to intervene against the yen's weakness. Japanese…

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Forex

Pesticide Giant Syngenta Appoints New CEO

By Patrick ThomasSyngenta Group chief executive and Illinois farmer Jeff Rowe plans to step down from the company's top job, and he'll be replaced by the operating chief and former head of its China business.Syngenta is headquartered in Switzerland and is a subsidiary of China National Chemical, a…

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