US Markets | Jun 15, 2022
Retail sales posted unexpected 0.3% decline in May as inflation hammers consumers
Advance retail and food service spending fell 0.3% for the month, below the Dow Jones estimate for a 0.1% gain.
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US Markets | Jun 15, 2022
Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher
Sharply rising interest rates are decimating refinance volume, and those rates, along with sky-high home prices, are hitting demand from buyers.
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US Markets | Jun 15, 2022
What led to the U.S. baby formula shortage â and how officials are trying to prevent it from happening again
In addition to a factory shutdown, America’s strict formula import regulations and a nutritional program for low-income families may have contributed to the disaster.
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US Markets | Jun 15, 2022
Stocks making the biggest moves premarket: Baidu, MicroStrategy, Moderna and more
These are the stocks posting the largest moves before the bell.
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US Markets | Jun 14, 2022
Elon Musk says SpaceX will have Starship ‘ready to fly’ in July, amid FAA work
SpaceX will have a Starship prototype rocket “ready to fly” by July, Elon Musk says, for a crucial milestone that is pending a regulatory license.
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US Markets | Jun 14, 2022
S&P 500 bounces slightly led by tech shares a day after closing in bear market
Stocks fell on Tuesday, as the market struggled to claw back some of Monday’s steep declines.
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US Markets | Jun 14, 2022
Real estate firms Compass and Redfin announce layoffs as housing market slows
In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.
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US Markets | Jun 14, 2022
Stocks making the biggest moves midday: FedEx, Continental Resources, Oracle and more
These are the stocks posting the largest moves in midday trading.
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US Markets | Jun 14, 2022
Starbucks union: Company threatens that unionizing could jeopardize gender-affirming health care
Starbucks union alleges the company is threatening to take away gender-affirming health care for unionized cafes
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US Markets | Jun 14, 2022
Jan. 6 committee postpones hearing on Trump’s alleged push for DOJ to influence 2020 election
The hearing was set to detail how Trump allegedly pushed the DOJ to spread his false claims that the 2020 election was rigged against him.
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US Markets | Jun 14, 2022
Ford issues stop-sale of electric Mustang Mach-E crossovers due to potential safety defect
Ford says the issue with the Mustang Mach-E crossovers could cause the vehicles to become immobile.
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US Markets | Jun 14, 2022
U.S. airline bookings slipped again in May with fares 30% higher than 2019
Adobe data show airline bookings fell 2.3% in May from April as fares surged.