Economic Report: U.S. consumer confidence declines for third straight month in June
The index of consumer confidence fell to 95.7 in July from a revised 98.4 in the prior month, the Conference Board said Tuesday.
The index of consumer confidence fell to 95.7 in July from a revised 98.4 in the prior month, the Conference Board said Tuesday.
Coronavirus Update: Biden anticipates return to in-person work by end of week
New home sales fell 8.1% to 590,000 in June, according to the Commerce Department.
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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
Russia announces plan to end International Space Station participation
In a note released on Tuesday, Tiffany Wilding, a U.S. economist at bond giant PIMCO, wrote that "high frequency economic indicators have deteriorated, both in the U.S. and elsewhere" and "inflationary supply shocks have been more acute than originally expected." She said that inflation is generally proving to be more persistent, "implying central banks may need to engineer recessions (not just a period of below trend growth) to restore price stability." Turning to the near-term implications for this week's FOMC meeting... Читать дальше...
Biogen Inc. said Tuesdsay that its experimental treatment for a type of amyotrophic lateral sclerosis (ALS), which is often referred to as Lou Gehrig's disease, has been granted Priority Review by the Food and Drug Administration. The regulator is expected to make a decision whether to approve tofersen by Jan. 25. An advisory committee meeting date has not yet been set. "If approved, tofersen will be the first treatment to target a genetic cause of ALS and we hope this will pave the way for further advances in this relentless disease," Dr. Читать дальше...
Dealmaking in the financial services sector dropped quickly in the second quarter when compared to the previous quarter, according to KPMG data released Tuesday. Deal volume totaled 1,442 transactions in the second quarter, down 30.9% from the first-quarter's tally of 2,087. The first half of 2022 generated 3,529 deals, down 8.2% from the 3,842 transactions in the first half of 2021, while total deal value in the first half of 2022 rose 2.6% to $354.4 billion, in the wake of a rise in the value of capital markets transactions. Читать дальше...
U.S. consumer confidence declines from revised prior-month reading
U.S. new-home sales fall to lowest monthly level in more than two years
Oil futures move higher on Tuesday, while natural gas extends a gain into a third straight session, on track to notch their highest finish in seven weeks after Russia says it will cut supplies to Europe.
Throughout the pandemic, Apple Inc.'s biggest challenge has been maintaining appropriate supply of its devices, but as the company heads toward a new iPhone launch, could the equation flip?
The debate around a potential recession has become politicized. These are the facts you should know.
Home Depot joins Walmart among top blue-chip decliners early Tuesday
Facebook parent Meta, Disney and 3 more heavily discounted quality stocks.
At the height of the COVID-19 crisis, many companies levered to online spending predicted that the pandemic would permanently alter the trajectory of e-commerce growth for the better as people built new shopping habits online.
U.S. stocks open lower as Walmart profit warning spooks investors
U.S. home prices rose 20.5% nationally in May compared with the same month a year ago, versus record 21.2% in prior month, Case
U.S. stocks opened lower on Tuesday after Wal-Mart cut its profit outlook and blamed food inflation for forcing American consumers to curtail spending on other items. The S&P 500 retreated 16 points, or 0.4%, to 3,951. The Dow Jones Industrial Average shed 97 points, or 0.3%, to 3,189. The Nasdaq Composite dropped 94 points, or 0.8%, to 11,685. Wal-Mart shares fell 8.3%, or $11, to $121.
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Shopify Inc. is planning to lay off around 10% of its workforce as it admits that e-commerce growth hasn't continued as robustly as expected. The Wall Street Journal first reported the news Tuesday, citing a memo to staffers. Shopify confirmed the details in a blog post. The layoffs are expected across the company but are expected to especially hit the recruiting, support, and sales teams. The company plans to notify employees of the decisions Tuesday. Chief Executive Tobi Lütke took responsibility... Читать дальше...
Employers allow a path back to work instead of firing for drug test infractions, but Feds warn cannabis remains illegal despite state rules.
IMF foresees global economy teetering on brink of recession
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