Banks and Tech Stocks Drag Market to 2nd Straight Loss
Stocks closed modestly lower on Wall Street Wednesday, handing the market its second straight loss.
Stocks closed modestly lower on Wall Street Wednesday, handing the market its second straight loss.
May budget deficit hits record $207.8 billion, reflecting benefit payment shifts.
Renault’s chairman has expressed his frustration with the French government, a majority shareholder, which he says resisted a merger deal proposed by Fiat Chrysler.
US consumer prices increased a slight 0.1% in May and 1.8% from a year ago, evidence that inflation is muted.
U.S. stocks gave up early gains and fizzled in afternoon trading after technology and industrial companies headed lower.
Amazon is closing its U.S. restaurant delivery service, a 4-year-old business that failed to take off amid fierce competition from Uber Eats, Door Dash and others.
A group of state attorneys general led by New York and California are filing a lawsuit to block T-Mobile’s $26.5 billion bid for Sprint, citing consumer harm.
Producer prices rose 0.1% in May, another sign that inflationary pressures are under control.
Technology companies and banks helped power stocks higher on Wall Street Monday as investors welcomed news that the U.S. and Mexico averted a trade war and potentially damaging tariffs.
Hudson’s Bay executive chairman leads proposal to take retailer private, stock bid is at 48% premium.