The U.S. Justice Department is working with a group of more than a dozen state attorneys general as it moves forward with a broad investigation into major technology companies, the department’s antitrust chief, Makan Delrahim, said on Tuesday.
Even as they reject talk of a looming recession, President Donald Trump and his advisers are examining ways to provide a boost to the U.S. economy should it be deemed necessary, officials said.
President Donald Trump’s administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline, sources told Reuters on Tuesday.
Refiner Philadelphia Energy Solutions is laying off the majority of its unionized workforce on Tuesday and Wednesday, the union’s president said, ahead of an initial layoff deadline.
Toll Brothers Inc reported a better-than-expected quarterly profit as increased home prices cushioned the luxury homebuilder from higher costs and choppy demand for new homes.
American Airlines Group Inc , the largest U.S. airline, will pay $22.1 million to settle claims it falsely reported the times it transferred possession of U.S. mail to foreign postal administrations or other intended recipients, the U.S. Justice Department said Tuesday.
The U.S. Securities and Exchange Commission said on Tuesday that it has fined and settled charges against a Russia-based ratings firm for failure to disclose payments it received to publicize digital asset offerings of issuers it had rated.
Toll Brothers Inc posted lower quarterly profit and revenue on Tuesday, as it sold less homes despite declining mortgage rates.
Walmart Inc sued Tesla Inc , saying solar panels supplied by the electric car maker were responsible for fires at about seven of its stores, according to a lawsuit filed in a New York court on Tuesday.
Betting against General Electric Co stock has increased in the last week as the stock has fallen following a report by fraud investigator Harry Markopolos that questioned the conglomerate’s accounting, financial analytics firm S3 Partners said on Tuesday.
The Federal Reserve has fallen behind the interest rate curve and has lost control, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday, evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve.
U.S. luxury homebuilder Toll Brothers Inc posted a 24% fall in quarterly profit on Tuesday, hit by slower demand and shrinking gross margins from home sales.
Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.
Walmart Inc sued Tesla Inc over fires at stores, which were using the electric carmaker’s solar panels, according to lawsuit filed in a New York court.
A Note from Bond Strategist Steve McDonald: I’m tired of pounding the table…
Last September, I told you to quit stocks and shift into bonds. I said the stock market would sell off – and boy, I hope you listened. Just take a look at what happened.
A couple of weeks later, the fourth quarter began and stocks tanked, sending the S&P 500 down 14% and the tech-heavy Nasdaq down 17% for the quarter.
If you had pulled money from stocks at the end of last summer – not all of it, just some, as I advised – and put it into bonds, …read more […]
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