Markets Shake off Doldrums as Traders Get Back to Buying
Stocks rose steadily throughout the day and ended Tuesday with broad gains as traders got back to buying again after a mostly miserable few weeks on Wall Street.
Stocks rose steadily throughout the day and ended Tuesday with broad gains as traders got back to buying again after a mostly miserable few weeks on Wall Street.
U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists at nearly a 40-year high.
Walmart reported stronger sales for the fiscal first quarter, but its profits took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a still snarled global supply chain.
House Democrats have unveiled a $28 million emergency spending bill to address the shortage of infant formula in the United States.
JetBlue is going hostile in its bid for Spirit Airlines.
Employees are seeking to unionize at a Trader Joe’s grocery store in western Massachusetts.
Russia will take control of French car manufacturer Renault’s operations in the country and resurrect a Soviet-era auto brand.
The European Union has slashed its forecasts for economic growth in the 27-nation bloc amid the prospect of a drawn-out Russian war in Ukraine and disruptions to energy supplies.
Stocks ended another bumpy week with a gain Friday, but not enough to keep the market from lodging its sixth weekly drop in a row, the longest such streak since 2011.
California’s minimum wage will increase to $15.50 per hour next year.