Market

JPMorgan’s Dimon hopes for soft landing for US econ. without causing a recession

JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In…

Business Market Top Story

Alphabet & Microsoft push Wall Street toward its 1st winning week in a month

Business Market Top Story

Fed’s preferred inflation gauge shows price pressures stayed elevated last month

Wall Street stumbles after report shows US growth slowed in the 1st quarter

April 25, 2024

Stocks are tumbling after a report suggesting flagging economic growth and still-high inflation hurt hopes that have kept Wall Street high recently. A sharp drop for Facebook parent Meta Platforms…

US growth slowed sharply last quarter to 1.6% pace as economy pressured by high rates

April 25, 2024

The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending.…

US applications for jobless claims fall to lowest level in 9 weeks

April 25, 2024

Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb…

Boeing posts a $355M loss as the plane maker tries to dig out from under its latest crisis

April 24, 2024

Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over…

Tesla soars as the rest of Wall Street drifts in mixed trading

April 24, 2024

U.S. stocks are drifting Wednesday, as Wall Street’s big week so far lets off the accelerator. The S&P 500 was 0.3% higher in early trading. Its two-day winning streak to…

Wall Street rallies and adds to its hot start to the week

April 23, 2024

U.S. stocks are rallying Tuesday and adding to their hot start to the week. The S&P 500 was up 1% in midday trading to pull further out of the hole…

Wall Street claws back some losses ahead of a big week for earnings reports

April 22, 2024

Wall Street is holding steadier Monday following its three-week losing streak. The S&P 500 was 0.3% higher in morning trading, coming off its longest weekly losing streak since September. The…

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week

April 21, 2024

Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by…

Bitcoin’s next ‘halving’ is right around the corner. What do you need to know?

April 19, 2024

Sometime in the next few days or even hours, the “miners” who chisel bitcoins out of complex mathematics are going to take a 50% pay cut — effectively slicing new…

Wall Street limps toward its longest weekly losing streak since September

April 19, 2024

Wall Street’s latest losing week looks to be coming to a relatively quiet close on Friday. U.S. stocks are drifting after oil prices briefly surged overnight on worries about fighting…

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