Tag: finance articles today
US stocks lost steam on Friday as a recent rally took a pause amid signs of a resilient economy that boosted hopes the Federal Reserve could end its rate-hike campaign soon.
The S&P 500 (^GSPC) and Dow Jones Industrial Average
Stocks ended the session lower Tuesday as investors awaited Federal Reserve Chairman Jerome Powell’s testimony and eyed potential headwinds to the recent rally, including concerns about China’s economy.
The Dow Jones Industrial Average (^DJI) fell 0.72%, or more than 200
(Bloomberg) — Speculators are once again fleeing the oil market, setting the stage for more extreme price swings.
Most Read from Bloomberg
Money managers dumped their net bullish oil holdings by 19%, the biggest drop in six weeks. The positions
On Tuesday Facebook parent Meta (META) announced that it will lay off another 10,000 employees. The move is part of CEO Mark Zuckerberg’s so-called “Year of Efficiency” during which the company is cutting back on spending amid falling digital advertising
A string of bank collapses in recent days sent panic rippling through the financial sector, prompting an extraordinary US government intervention to save depositors and a sharp drop for bank stocks in the US and Europe.
Some people and institutions,
