Wall Street Breaks 7-Week Losing Streak, Longest Since 2001
Stocks rose on Wall Street Friday and closed higher for the week, breaking a seven-week losing streak, the longest such stretch since 2001.
Stocks rose on Wall Street Friday and closed higher for the week, breaking a seven-week losing streak, the longest such stretch since 2001.
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020.
The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter.
Within the eight- and even nine-figure sums trumpeted for CEOs each year, just a small portion is actual cash.
Troubled Japanese technology giant Toshiba has announced some additions to its proposed leadership ahead of a shareholders’ meeting next month.
Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and some economic uncertainty.
Massachusetts’ highest court has rejected a bid by ExxonMobil to dismiss a lawsuit brought by the state that accuses the oil giant of misleading the public about the role its products play in causing climate change.
Eight of the 10 largest cities in the U.S. lost population during the first year of the pandemic.
Pfizer says it will provide nearly two dozen products at not-for-profit prices in some of the world’s poorest countries.
Amazon shareholders have voted against a proposal calling for an independent audit of working conditions at the company’s warehouses.