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Wall St ends mixed as tech megacap declines outweigh upbeat chip outlook
Wall Street closed mixed with Nasdaq down on tech megacap losses despite strong chip sector gains from Micron and Qualcomm amid inflation concerns.
Trump cancels signing of bipartisan US housing bill
U.S. President Donald Trump canceled the signing of bipartisan legislation aimed at speeding up affordable housing construction amid national emergency claims.
Wall Street closes lower on Fed rate hike bets
Wall Street closed lower as traders bet on Federal Reserve rate hikes after Fed Chair Kevin Warsh emphasized inflation control and policy shifts.
Fed begins Warsh era by keeping rates on hold, sees one hike later this year
The Federal Reserve held interest rates steady but projects one hike later this year amid inflation concerns under new chairman Kevin Warsh.
Yum Brands to sell Pizza Hut for $2.7B after prolonged demand slump
Yum Brands is selling its Pizza Hut chain for $2.7 billion due to declining demand and competition, with parts sold to Yum China and LongRange Capital.
Wall Street indexes jump; Trump says strikes against Iran canceled
Wall Street indexes surged after President Donald Trump canceled planned strikes against Iran and SpaceX priced its record $75 billion IPO.
Wall Street ends lower as Middle East tensions escalate
Wall Street stocks declined amid escalating Middle East tensions and rising oil prices, fueling inflation fears and profit-taking among investors.
US private payrolls rise broadly in May
U.S. private payrolls increased by 122,000 jobs in May, led by education and health services, despite mixed signals on labor market strength.
US job openings jump to near two-year high in April
U.S. job openings surged to 7.618 million in April, the highest since May 2024, despite a decline in hiring amid economic uncertainty.
Wall Street hits new closing highs on tech strength, Middle East deal hopes
Wall Street's main indexes reached record closing highs driven by tech sector gains and optimism over a potential U.S.-Iran deal, boosting investor sentiment.
Fed’s Musalem says rate hike may be needed if inflation doesn’t ease
St. Louis Federal Reserve President Alberto Musalem says a rate hike may be necessary if inflation does not ease in the next six months.
US consumer confidence ebbs in May as inflation worries mount
The Conference Board reports a slight decline in U.S. consumer confidence in May due to inflation concerns tied to the war with Iran.
