Stocks continued to give back some of this year’s gains, with traders waiting to see if Jerome Powell will dampen the bullish reaction to his recent remarks as the Federal Reserve keeps its firm grip on policy.
Pinterest Inc. reported sales that missed analysts’ estimates as it confronts an advertising slump, sending shares down as much as 16%.
Texas’ biggest pension fund has divested its direct ownership stakes in BlackRock Inc. and several other financial firms to comply with a state law prohibiting investing in companies deemed to be discriminatory against the oil and gas industry.
Take-Two Interactive Software Inc., the video game publisher known for the best-selling franchises Grand Theft Auto and Red Dead Redemption, cut its outlook for bookings in fiscal 2023 and gave a disappointing forecast for the current quarter as a dearth of new titles keeps players on the sidelines.
Binance, the world’s largest cryptocurrency exchange, said it’s temporarily suspending deposits and withdrawals of US dollars using bank accounts, and will work to restart the service soon.
Puerto Rico Governor Pedro Pierluisi on Monday unveiled a sweeping tax reform proposal that would slash individual and corporate rates and simplify the US territory’s tax code.
Bed Bath & Beyond Inc. climbed 92% on Monday to rack up a record one-day advance as trading volume for the beleaguered home-goods retailer surged.
Life sciences company Danaher Corp. has expressed takeover interest in contract manufacturer Catalent Inc., according to people familiar with the matter.
Tech giants are looking to slim down and reverse their image as profligate spenders.
(Bloomberg) — Record growth in US exchange-traded funds will power the industry’s assets to $15 trillion by 2028 from roughly $7 trillion currently, according to JPMorgan Chase & Co.’s asset management arm.
