US marketnews

Inflation pressures ease in April despite biggest jump in food prices in 18 years

Mortgage finance company Freddie Mac's first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected. Mac also said Wednesday it plans to raise $5.5 billion in new capital.

Macy's says it lost $59 million in the first quarter because of lower sales and the cost of consolidating business units that should save money starting next year.