The Department of Justice, six states and the District of Columbia on Tuesday sued American Airlines and JetBlue Airways over the carriers’ alliance in the Northeast U.S., alleging it violates antitrust law and would drive up airfares. American and JetBlue announced the partnership in July 2020 and it was approved during […]
CNBC News
Stitch Fix shares surge as online styling service reports surprise profit
The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix shares jumped 14% in extended […]
U.S. committee is reviewing Zoom’s $14.7 billion deal for Five9 on national-security grounds
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images A U.S. government committee is reviewing Zoom’s agreement to acquire cloud contact center software company Five9 for $14.7 billion on national-security grounds. According to a letter dated […]
Market rebound attempt fails as Dow closes in the red on Tuesday
U.S. stocks on Tuesday fought to rebound from Monday’s rout, but failed as the Dow Jones Industrial average trended lower for most of the session and closed in the red. The Dow Jones Industrial average lost 50.63 points, or 0.15%, to 33,919.84. The S&P 500 shed about 0.1% to 4,354.19, […]
The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying
After Monday’s market turbulence, the Federal Reserve’s challenge will be to sound reassuring while acknowledging it’s preparing to make its first major step away from the easy policies it put in place to fight the pandemic. The Fed will release a policy statement along with the economic and interest rate […]
Disney shares tumble as CEO projects lower fourth-quarter subscriber growth than estimates
Tom Hiddleston stars as Loki in the Disney+ series “Loki.” Disney Disney‘s CEO Bob Chapek said Tuesday that his company’s streaming service growth has “hit some headwinds” related to coronavirus, causing shares to close down more than 4% for the day. Disney expects to add “low single-digit millions” of streaming […]
U.S. stocks’ comeback attempt from Monday’s rout fails with the Dow and S&P flat
U.S. stocks failed to maintain gains in a volatile trading session Tuesday following the S&P 500’s worst day since May on Monday. The Dow Jones Industrial average shed 39 points. The S&P 500 lost 0.1% and the Nasdaq Composite added just 0.2% Stocks roared back earlier with the Dow up […]
Rep. Bush, Sen. Warren introduce bill to reinstate federal eviction moratorium
(L-R) Sen. Elizabeth Warren (D-MA), Rep. Cori Bush (D-MO), Rep. Ayanna Pressley (D-MA) and Rep. Alexandria Ocasio-Cortez (D-NY) attend a news conference to introduce legislation that would give the Department of Health and Human Services the power to impose a federal eviction moratorium in the interest of public health, on […]
A prolonged stock market pullback can pose a big risk early in retirement. Here’s what to know
New retirees — or anyone on the verge of retiring — may want to consider what an extended stock market dip would mean for their portfolio over the long term. While the market has partially rebounded from Monday’s slide, it’s a good reminder that down markets can pose significant “sequence […]
The Dow is back up 100 points as it attempts rebound from sell-off
U.S. stocks continued their climb Tuesday as investors bought the dip a bit following the S&P 500’s worst day since May. Gains were kept in check as investors awaited the end of the Federal Reserve’s two-day meeting, which kicked off Tuesday. The Dow Jones Industrial average rose 103 points, or […]