U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.
Read More Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally
Category: Business
US single-family housing starts jump to more than 1-1/2-year high
Declining mortgage rates and incentives from builders are likely to draw potential buyers back into the housing market.
Read More US single-family housing starts jump to more than 1-1/2-year high
Southwest Airlines agrees to $140 million penalty over 2022 holiday meltdown
Southwest Airlines agreed to a record-setting $140 million civil penalty over a meltdown that led to 16,900 flight cancellations and stranded 2 million passengers.
Read More Southwest Airlines agrees to $140 million penalty over 2022 holiday meltdown
A $6 trillion cash hoard could fuel more U.S. stock gains as Fed pivots
Investors wondering whether markets can continue their torrid rally are eyeing a nearly $6 trillion pile of cash on the sidelines.
Read More A $6 trillion cash hoard could fuel more U.S. stock gains as Fed pivots
AT&T to buy Rivian electric vehicles in pilot deal to cut cost, emissions
AT&T will purchase some electric vehicles from startup Rivian in a pilot program to evaluate ways to reduce cost, cut carbon emissions and improve safety.
Read More AT&T to buy Rivian electric vehicles in pilot deal to cut cost, emissions
US retail sales beat expectations; weekly jobless claims fall
U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start amid deep discounting.
Read More US retail sales beat expectations; weekly jobless claims fall