S&P 500, Dow close lower after bank earnings, inflation data
The S&P 500 (.SPX) pared early losses to close modestly lower on Thursday after investors digested disappointing quarterly results from two large U.S. banks and
Category: Business
U.S. gasoline prices are finally falling. Why?
After exceeding $5 a gallon for the first time in history, U.S. gasoline prices are finally falling, giving some relief to consumers in the world’s
Trades by Fed’s Powell, Clarida violated no rules
Trading activity by Federal Reserve Chair Jerome Powell and former Vice Chair Richard Clarida violated no rules, the Fed’s independent watchdog said on Thursday, putting
Ben & Jerry’s proposes to mediate Israel dispute with parent Unilever
Ben & Jerry’s and its parent, consumer products company Unilever Plc (ULVR.L), plan to seek mediation over the disputed sale of the ice cream maker’s
U.S., Mexico resolve Panasonic auto parts plant labor dispute
The United States and Mexico announced a resolution to a dispute at a Panasonic auto parts plant in Mexico on Thursday, with workers receiving an
JPMorgan, Morgan Stanley earnings bode badly for Wall Street dealmakers
Fears that investment banking would take a big hit across Wall Street in the second quarter looked to be confirmed on Thursday, with JPMorgan Chase
Fed hawks say they want 75 basis point rate hike in July
Two of the Federal Reserve’s most hawkish policymakers on Thursday said they favored another 75-basis-point interest rate increase at the U.S. central bank’s policy meeting