It doesn’t matter that there’s no room left in overhead bins. Delta,...
It doesn’t matter that there’s no room left in overhead bins. Delta, the most profitable US airline, isn’t seeing soaring profits despite peak air travel this summer. The airline reported disappointing Q2 profits yesterday, showing that the industry is struggling to find equilibrium.
The US and Germany foiled a Russian plot to assassinate the CEO of a German arms manufacturer that’s been supplying Ukraine, intelligence officials said.
Apple made a deal with EU antitrust regulators that will allow competitors to use its tap-and-go payments technology, resolving a yearslong investigation.
MicroStrategy, the largest corporate holder of bitcoin, is planning a 10-for-1 stock split.
The IRS said it has collected $1 billion in back taxes from wealthy taxpayers who were cheating the system.
Dax Shepard made an $80 million deal with Amazon to distribute his popular podcast, Armchair Expert, plus merch and new shows.
The lavish wedding of the son of Asia’s richest man, Mukesh Ambani, begins today. If that sounds familiar, it’s because they’ve been having over-the-top pre-wedding celebrations featuring famous guests and performers for months.
Benchmark U.S. crude oil for August delivery rose 52 cents to $82.62 per barrel Thursday. Brent crude for September delivery rose 32 cents to $85.40 per barrel.
Wholesale gasoline for August delivery rose 2 cents to $2.52 a gallon. August heating oilwas unchangedat $2.52 a gallon. August natural gas fell 6 cents to $2.27 per 1,000 cubic feet.
Dow ends higher, S&P 500 and Nasdaq pause rally as small-cap stocks outperform
U.S. stocks closed mostly lower on Thursday as investors sold high-flying...
U.S. stocks closed mostly lower on Thursday as investors sold high-flying tech stocks and bought small-caps, real-estate stocks, and other rate-sensitive sectors of the market in anticipation of the Federal Reserve's September pivot to lower interest rates.
The S&P 500 shed 49.39 points, or 0.9%, closing at 5,584.54.
The Nasdaq Composite Index fell 364.04 points, or 2%, finishing at 18,283.4.
According to Dow Jones Market Data, it was the S&P 500 and Nasdaq's biggest daily percentage decline since April 30. Both closed at fresh records on Wednesday.
The Russell 2000 index outperformed, gaining about 3.6%. It was the Russell 2000's biggest one-day outperformance of the Nasdaq on record.
U.S. weekly initial jobless claims fall to lowest level since May
The numbers: Initial jobless claims fell by 17,000...
The numbers: Initial jobless claims fell by 17,000 to 222,000 in the week ending July 6, the Labor Department said Thursday. This is the lowest level since late May, when economists polled by the Wall Street Journal estimated that new claims would fall by 2,000 to 236,000.
The weekly decline in claims is the highest since last September. Last week, claims rose a revised 5,000 to 239,000. The initial estimate was for a rise of 4,000 to 238,000.
Key details: The four-week moving average of claims dipped to 233,500 from 238,750 in the prior week.
The number of people already collecting jobless benefits in the week that ended June 29 fell by 4,000 to 1.85 million.
U.S. Energy Information Administration reported that ...
U.S. Energy Information Administration reported that U.S. crude inventories fell by 3.4 million barrels to 445.1 million barrels in the week ended July 5, far exceeding analysts’ expectations in a Reuters poll for a 1.3 million-barrel draw.
