Category: Market News
The Justice Department and legal representatives of former president Donald Trump have, as ordered on Monday by U.S. District Judge Aileen Cannon, put forward the names of candidates to be appointed special master to conduct a review of the documents and materials recovered on Aug. 8 by the FBI during a court-approved search of Trump’s […]
The seven-day average for new COVID-19 cases continued its two-month downtrend, as it fell below the 70,000 mark for the first time in four months. The daily average was 68,356 on Thursday, down 25% from two weeks ago, and the lowest total since May 5, according to a New York Times tracker. Only four states […]
Shares of Caterpillar Inc. CAT, +3.46% climbed 3.3% in morning trading Friday, enough to pace the Dow Jones Industrial Average’s DJIA, +1.19% gainers, after the construction and mining equipment maker said the settlement reached wit the U.S. Internal Revenue Service included no penalty payments. The stock’s price gain of $5.97 was adding about 39 points […]
Stocks booked back-to-back losses on Monday, with the Dow adding to its 1,000-point skid Friday after Federal Reserve Chairman Jerome Powell vowed not to back down on fighting inflation until U.S. costs of living fall back to its 2% target range. The Dow Jones Industrial Average DJIA, -0.57% shed about 183 points, or 0.6%, to […]
U.S. stocks narrowed their morning losses, but remained broadly lower in the final hour of trading on Monday. Dow industrials DJIA, -0.57% and the S&P 500 SPX, -0.67% were down by around 0.1% each, while the Nasdaq Composite COMP, -1.02% was off 0.4%. Equities have been weighed down by Friday’s remarks from Federal Reserve Chairman […]
Embattled EV maker Faraday Future Intelligent Electric Inc. FFIE, -8.00% said Monday it has filed a revised preliminary proxy statement with the U.S. Securities and Exchange Commission ahead of a special shareholder meeting. Faraday Future, which last month announced another delay for its planned EV as it seeks to raise money to operate through the […]
Gray Television Inc. GTN, -0.40% said Monday that it will start paying a minimum wage of $18 per hour, effective Oct. 1. The TV station owner’s new hourly wage, for all full-time, non-commissioned and non-contracted employees, will give a raise to about 2,000 employees. The new wage is 60% higher than the federal Executive Order […]
U.S. stocks opened lower on Monday as the selloff on Wall Street continued following Friday’s 1,000-point drop in the Dow Jones Industrial Average. The Dow Jones Industrial Average DJIA, -0.91% pulled back 255 points, or 0.8%, to 32,027. The S&P 500 SPX, -0.94% dropped 32 points, or 0.8%, to 4,026. The Nasdaq Composite COMP, -1.17% […]
All 30 Dow Jones Industrial Average DJIA, -3.03% components are falling in premarket trading Monday, as the previous session’s 1000+-point plunge, sparked by hawkish comments from Federal Reserve Chairman Jerome Powell, looked set to continue. Dow futures YM00, -0.70% slid 277 points, or 0.9%. The biggest Dow decliner ahead of the open was Dow Inc.’s […]
Federal judge Aileen Cannon late Saturday set a hearing for Thursday, Sept. 1, on Donald Trump’s request that a special master be appointed to review the documents and other materials recovered by the FBI during a search of the former president’s private club in Palm Beach, Fla., rather than allow the FBI to continue its […]
