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Business
GM and Ford count on gas-powered trucks as EV growth slows
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GM and Ford face a challenge in common when explaining to investors where profit growth will come from.
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What to expect in 2024: Forecasts for GDP, inflation and other assets
Global growth will likely slow this year and major central banks across the globe have indicated interest rate cuts this year.
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Wall St gains from megacaps thrust; earnings, Fed comments on tap
Wall Street's main indexes rose on Wednesday, boosted by megacap growth stocks and as corporate results rolled in.
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Morgan Stanley profit beats estimates as investment banking rebounds, wealth grows
Morgan Stanley's first-quarter profit beat estimates, fueled by a resurgence in investment banking and growth in wealth management.
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Tesla to lay off more than 10% of staff globally as sales fall
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.
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Wall St slips after big bank earnings
Wall Street's main stock indexes as some big banks dipped after reporting dour quarterly results and most megacap growth stocks and chipmakers receded...
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S&P, Nasdaq rise as fresh inflation data allays rate fears
A Labor Department report showed the PPI for final demand rose 0.2% in March, against forecasts of a 0.3% increase.
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US consumer prices accelerate; seen delaying Fed rate cut
U.S. consumer prices increased more than expected in March as Americans paid more for gasoline and rental housing.
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US small-business sentiment slides to lowest level in more than 11 years
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
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S&P 500, Nasdaq choppy as higher bond yields weigh
U.S. stocks recorded weekly losses on Friday as traders scaled back expectations on the timing of rate cuts.
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US job growth blows past expectations; unemployment rate falls to 3.8%
U.S. employers hired far more workers than expected in March and continued to lift wages at a steady clip.
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Multibillionaire Joe Lewis to face US sentencing for insider trading
Prosecutors in Manhattan and his attorneys have urged leniency for the 87-year-old, given the investment firm founder's health and his admission of gu...
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US private payrolls post largest gain in eight months in March
U.S. private payrolls increased more than expected in March, pointing to continued labor market strength.
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Tesla quarterly deliveries fall for the first time in nearly four years
The Elon Musk-led company's shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.
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GE completes three-way split, breaking off from its storied past
The industrial giant's aerospace and energy businesses will begin trading on the New York Stock Exchange as separate entities.
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US monthly inflation slows; consumer spending surges
U.S. prices increased less than expected, with the cost of services outside housing and energy slowing significantly.
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US fourth-quarter growth revised higher; labor market still strong
The U.S. was boosted by strong consumer spending and business investment in nonresidential structures.
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Dow leads Wall St higher in lean trading week
Wall Street's main stock indexes ticked higher, with the blue-chip Dow leading gains in thin trading ahead of crucial economic data.
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US durable goods orders rebound; business spending outlook improves
Orders for long-lasting U.S. manufactured goods increased more than expected in February.
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Fed’s Goolsbee says he sees three rate cuts this year
Chicago Federal Reserve Bank President Austan Goolsbee said that he penciled in three rate cuts for this year.
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US new home sales unexpectedly fall in February
New home sales slipped 0.3% to a seasonally adjusted annual rate of 662,000 units last month.
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Western banks warn of risks in EU plan to grab Russian assets, sources say
Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets.
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US weekly jobless claims unexpectedly fall; labor market gradually cooling
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week.
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US broadband providers to begin providing new comparison labels
Major U.S. broadband IPs must start displaying information similar to nutrition labels to help consumers shop for services.
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Unilever to spin off ice cream business, cut 7,500 jobs for cost savings
Investors sent shares in Unilever, one of the world's biggest consumer goods companies, up nearly 6% at one point.
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