US stock futures rise early Wednesday, as investors await an update on the progress...
US stock futures rise early Wednesday, as investors await an update on the progress of talks between congressional leaders and President Joe Biden on the US debt ceiling.Check out the latest market moves.
Earnings on deck: Cisco, Target, and Deutsche Bank, all reporting.
A North Carolina ban on most abortions after 12 weeks of pregnancy will become law after GOP lawmakers...
A North Carolina ban on most abortions after 12 weeks of pregnancy will become law after GOP lawmakers overrode a veto from the Democratic governor.
The FTC sued to block Amgen from buying Horizon Therapeutics for $27.8 billion. It’s the first time in more than 10 years that the agency has tried to block a major pharma merger, per Axios.
The DOJ charged a former Apple employee with stealing autonomous vehicle trade secrets for a Chinese company. It’s part of the Biden administration’s new crackdown on tech espionage.
The Cannes Film Festival opened with Jeanne du Barry, a French period drama starring Johnny Depp in his first major film since the Amber Heard defamation trial.
ABC said it’s moving forward with its long-awaited senior citizen season of The Bachelor.
After shunning marketing spend for its entire existence, the automaker will join…virtually every other automaker in hawking its cars to you via ads. “We’ll try a little advertising, and see how it goes,” CEO Elon Musk said at the company’s annual shareholder meeting. Musk also teased two new vehicle models and, in an interview with CNBC, boasted that he’s “the reason that OpenAI exists” due to his past investment in and involvement with the skyrocketing ChatGPT creator.
Dow ends over 300 points lower, loses grip on gains for the year
U.S. stocks closed lower on Tuesday, with losses deepening into...
U.S. stocks closed lower on Tuesday, with losses deepening into the closing bell and the Dow losing its grip on gains for the year. The Dow Jones Industrial AverageDJIA closed about 336 points lower, or 1%, ending near 33,012, according to preliminary FactSet figures. The S&P 500SPX shed 0.6% and the Nasdaq Composite IndexCOMP closed 0.2% lower, with all three indexes ending near the session lows. Stocks were under pressure as President Joe Biden was set to meet with four top U.S. lawmakers for talks on raising the federal government’s borrowing limit, with a goal of avoiding a market-shaking U.S. default. The White House Tuesday afternoon said Biden might cut short an overseas trip to deal with the debt-ceiling talks. For the year, the Dow was down 0.4% through Tuesday, while the S&P 500 was still up 7% and the Nasdaq was 17.9% higher, according to FactSet.
Shale basins poised for oil, gas output growth in June
The Energy Information Administration forecast that US oil production from key shale regions will climb...
The Energy Information Administration forecast that US oil production from key shale regions will climb by 41,000 barrels per day to 9.33 million bpd in June, with gains expected in the Permian Basin and the Bakken and Eagle Ford shales. Natural gas production from shale basins is also projected to increase by nearly 0.3 Bcf/d to an all-time high of 97.2 Bcf/d in June, driven by Appalachia, the Permian and the Haynesville Shale.
