The US government sued Exxon Mobil Corp. for racial discrimination against a Black employee after the company allegedly failed to adequately respond to the appearance of five hangman’s nooses at a Louisiana petrochemical plant over several years.
Broadcom Inc., one of the world’s biggest chipmakers, acknowledged that sales growth would slow in the second half of the year but predicted a “soft landing” as companies keep spending on corporate networking infrastructure.
Independent film studio A24 raised more than $500,000 in an online charity auction on Wednesday featuring dozens of props, costumes and other memorabilia from the critically acclaimed film Everything Everywhere All at Once. A stuffed raccoon, named Raccacoonie (a play on the name of Walt Disney Co.’s Ratatouille), generated the highest bid — $90,000.
The US 30-year yield rose to the highest level since November, joining the rest of the Treasury market in offering investors a return of at least 4% after another batch of strong labor-market data.
US Senator Robert Menendez urged President Joe Biden to nominate a Latino to a vacancy on the Federal Reserve Board of Governors, according to an aide to the senator.
Nordstrom is moving to expand the number of Nordstrom Rack stores this year despite continued struggles at the department store’s discount offering.
Senator Dianne Feinstein of California, the chamber’s oldest member, has been hospitalized in San Francisco with a case of shingles.
The Justice Department says Donald Trump is not entitled to absolute immunity against civil lawsuits seeking to hold him liable for the attack on the US Capitol on Jan. 6 because he’s accused of inciting “imminent private violence.”
Dell Technologies Inc. slipped in postmarket trading after delivering a disappointing outlook, stoking fears of a prolonged downturn in demand for computers and office equipment.
US stocks closed Thursday’s session higher, reversing course after Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank could be in a position to pause rate hikes sometime this summer. Treasuries dropped, with yields across the curve piercing 4%.
