US stock futures struggle to push higher early Wednesday, after...
US stock futures struggle to push higher early Wednesday, after tumbling yesterday thanks to the prospect of more hikes. Powell will be speaking again today, this time before a House committee. Here are the latest market moves.
Earnings on deck: Adidas, Admiral Group, and more, all reporting.
The man who founded Love’s Travel Stops & Country Stores, Tom Love died this week....
The man who founded Love’s Travel Stops & Country Stores, Tom Love died this week. He was 85 and the nationwide firm he started in 1964 released a statement confirming his death.
Tom is survived by his wife, Judy, of 62 years, his children: Frank, Greg, Jenny and Laura, nine grandchildren and two great-grandchildren, with two more on the way.
Love’s remains a privately owned company headquartered in Oklahoma City. The chain involves more than 600 truck stops and convenience stores in 42 states across the nation.
Benchmark U.S. crude oil for April delivery fell...
Benchmark U.S. crudeoil for April delivery fell $2.88 to $77.58 a barrel Tuesday. Brent crude for May delivery fell $2.89 to $83.29 a barrel.
Wholesale gasolinefor April delivery fell 10 cents to $2.70 a gallon. April heating oil fell 9 cents to $2.80 a gallon. April natural gasrose 12 cents to $2.69 per 1,000 cubic feet
Dow ends down 575 points as Powell signals higher-than-expected rates on way
U.S. stocks and other financial markets were jolted Tuesday as Federal Reserve Chair Jerome Powell made...
U.S. stocks and other financial markets were jolted Tuesday as Federal Reserve Chair Jerome Powell made clear interest rates would rise further than policymakers previously expected, and opened the door wide open to speeding up rate hikes if the data warrants it.
Fed funds futures show traders see a roughly 60% chance of a half-point rate hike when the Fed meets later this month, rather than a quarter-point rise. Traders had seen a 34% chance on Monday.
The Dow Jones Industrial Average dropped around 575 points, or 1.7%, while the S&P 500 shed 1.5% and the Nasdaq Composite lost 1.3%.
