Dow slips, S&P 500 hits fresh record ahead of Powell testimony, inflation data
U.S. stocks ended mostly higher, with the S&P 500 scoring a new record...
U.S. stocks ended mostly higher, with the S&P 500 scoring a new record close on Monday, as investors await Federal Reserve Chair Jerome Powell’s congressional testimony and inflation data due later this week.
The Dow Jones Industrial Average ended roughly 0.1% lower, according to the preliminary closing data from FactSet.
The S&P 500 edged up 0.1% to score a new record high, its 35th record close of the year.
Beryl Live Updates: ‘We’re in an Emergency,’ Houston Mayor Warns
Strong winds and torrential rains from Tropical Storm Beryl battered Houston and its suburbs on Monday...
Strong winds and torrential rains from Tropical Storm Beryl battered Houston and its suburbs on Monday morning, flooding streets and knocking out power for more than two million customers in Texas.
Officials warned that the winds were stronger than many in Houston had expected and urged residents to take shelter as if a tornado were passing through. At least two people were killed by falling trees north of downtown Houston, officials said, including a 74-year-old woman.
France's leftist New Popular Front alliance was projected to win the most seats in yesterday's final...
France's leftist New Popular Front alliance was projected to win the most seats in yesterday's final round of legislative elections. The news came as an upset to the nationalist-populist National Rally, which ranked first in last week's preliminary round but fell to third place yesterday behind President Emmanuel Macron's centrist coalition.
The New Popular Front—led by Jean-Luc Mélenchon—is a collection of leftist parties including socialist and communist groups committed to reversing Macron's pension reforms (see overview). With voter turnout estimated at 67%—France's highest rate in 40 years—the bloc was projected to win a plurality of seats but fall short of the majority needed to secure the prime minister role.
Hurricane Beryl made landfall near Matagorda, Texas, as a Category 1 storm
Millions of people in East Texas awoke Monday morning to pounding rain...
Millions of people in East Texas awoke Monday morning to pounding rain and intense winds as Hurricane Beryl marched farther inland hours after making landfall as a Category 1 storm. The hurricane, which undoubtedly will make for a messy morning for many Texans, has already knocked out power to hundreds of thousands of customers in the region, and conditions are expected to worsen.
As of 6 a.m. local time, Beryl was holding steady as a Category 1 storm. However, meteorologists said it was expected to weaken as it moved farther inland through the morning and later downgrade to a tropical storm. The storm made landfall in Matagorda, Texas, between Galveston and Corpus Christi, just before 4 a.m.
Boeing has agreed to plead guilty to conspiring to defraud the federal government over two deadly crashes involving its 737 Max plane
Boeing agreed on Sunday to plead guilty...
Boeing agreed on Sunday to plead guilty to a felony charge of conspiring to defraud the federal government over two fatal crashes of the 737 Max in 2018 and 2019, according to a late-night court filing.
In the deal with the department, outlined in part in the court filing, Boeing also agreed to pay a $487.2 million fine — the maximum allowed by law — and invest at least $455 million over the next three years to strengthen its compliance and safety programs.
