News Highlights: Top Global Markets News of the Day

U.S. Retail Spending Fell 1.3% in May

Supply-chain disruptions and business reopenings are triggering a consumer spending shift from goods to services.

Stock Futures Waver on Retail Sales Drop

The S&P 500 index is on track to hover near its 29th record close of the year, bolstered by gains in technology stocks.

U.S. Producer Prices Rose Strongly in May

The Labor Department said its producer-price index rose 0.8% in May from the prior month, adding to inflation pressures bubbling through the U.S. economy.

Software Maker Addepar Valued at $2.17 Billion

The wealth-management software provider said it had raised $150 million from New York hedge-fund firm D1 Capital Partners.

Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

Prices have dropped from record highs spurred by the economic reopening, potentially pointing to an eventual return to normalcy.

Big Banks Required to Fill Board Seats With Women Under ECB Proposal

The European Central Bank wants to include gender diversity as a criteria to approve bank board members and executives, a step that would put further pressure on a sector where the vast majority of senior posts are still held by men.

Cash-for-Visa Program Looks to Be in Jeopardy

Negotiations are under way about the uncertain future of the federal EB-5 program, which has raised more than $40 billion for U.S. real-estate projects and other enterprises.

RBA Lays Out Key Considerations for Potential Policy Shake-up at July Meeting

Members of the Reserve Bank of Australia's rate-setting board discussed key considerations that could drive significant changes to the central bank's platform of stimulus measures at its next meeting on July 6.

Bitcoin Rises Above $40,000 on Elon Musk Tweet, MicroStrategy Plans

The cryptocurrency jumped as MicroStrategy completed a bond offering allowing it to buy more bitcoin and following fresh comments from the Tesla CEO.

Back-to-Back Rebukes of China Mark a Turning Point

Criticism from G-7 and NATO members represent a shift toward collective action to confront Beijing.


  (END) Dow Jones Newswires
  06-15-21 0915ET
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