How major US stock indexes fared Friday, 1/26/2024
Wall Street closed its latest winning week with a mixed finish, as drops for technology stocks dragged on the market
Wall Street closed its latest winning week with a mixed finish, as drops for technology stocks dragged on the market
Wall Street ended mixed after strong gains for Netflix and some influential technology stocks helped offset losses across much of the U.S. stock market. The S&P 500 edged up 0.1% Wednesday. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite added 0.4%. Stocks elsewhere around the world rose after China announced measures to…
DETROIT — More than 4,700 auto dealerships across the United States urged President Joe Biden in a letter Thursday to halt the Environmental Protection Agency’s efforts to enforce stricter vehicle-pollution standards. The missive comes just weeks before the agency’s expected ruling on its tailpipe-emissions proposal, which addresses both climate change and pollutants that are harmful…
It’s down to Trump and Haley now The effort to pick anyone but Donald Trump as the Republican presidential nominee took another big, if expected, blow on Sunday when Ron DeSantis dropped out of the race and endorsed the former president. (Other former hopefuls, including Vivek Ramaswamy and Tim Scott, have also endorsed Trump.) The…
The pace of job cuts by US employers accelerated in 2023, with the number of layoffs surging 98% compared with the previous year. That is according to a new report published by Challenger, Gray & Christmas, which found that companies planned 721,677 job cuts last year, a substantial increase from the 363,832 layoffs reported in 2022. The…
China’s economy, renowned for its rapid growth and transformation into a global powerhouse, is currently navigating a complex landscape of challenges. The recent reports and data reflect a period of significant economic stress, marked by deflationary pressures, a decline in consumer prices, and other systemic risks that could have far-reaching implications both domestically and globally….
JetBlue Airways and Spirit Airlines said Friday they will appeal a federal judge’s ruling that blocked the air carriers’ planned tie-up because the proposed merger would violate US antitrust law. The appeal came after US District Judge William Young in Boston on Tuesday sided with the Department of Justice in holding that JetBlue’s planned $3.8 billion acquisition of ultra-low-cost carrier Spirit was anti-competitive…