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Stocks close lower on fading hopes for quick Iran deal, mixed quarterly earnings
U.S. stocks closed lower as concerns over the Iran conflict outweighed solid corporate earnings and AI optimism, impacting major indexes including the S&P 500.
Wall Street falls as Middle East concerns offset earnings optimism
Wall Street stocks declined as Middle East war concerns outweighed optimism from strong corporate earnings and AI-driven growth expectations.
U.S. consumer spending surged in March. Here’s what drove that
U.S. consumer spending rose 1.7% in March driven by higher gas prices and larger tax refunds, reflecting economic impacts of the U.S.-Iran conflict.
S&P 500, Nasdaq dip with economic data, earnings in focus
Feb 10 (Reuters) – The S&P 500 and the Nasdaq closed lower on Tuesday as investors digested disappointing retail sales figures and waited for a key labor market report. The S&P 500 communication services sector was weighed down by Alphabet shares after Google’s parent said it sold bonds worth $20 billion. The announcement came as […]
Fewer Americans sought unemployment benefits last week as job cuts stay low
Unemployment claims fell to 216,000 last week, signaling continued low layoffs even as hiring slows and more jobseekers struggle to find work.
Walmart posts strong quarter, raises financial outlook
Walmart beat expectations with strong sales and profits, raised its outlook, and announced plans to shift its stock listing to Nasdaq.
Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster
Target will lay off 1,800 corporate employees, mostly in Minneapolis, as the retailer streamlines operations before a CEO transition.
Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Retail sales rose 0.6% in August, boosted by back-to-school shopping, despite tariffs beginning to raise prices and pressure the job market.
Home Depot Q2 sales rise but miss Wall Street forecast
Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street‘s expectations. The Atlanta-based company also said shoppers should expect modest price increases in some categories as a result of rising tariff costs, though they won’t be broad-based. [...]
Retail sales rebound in June despite tariff concerns
WASHINGTON (AP) — After an earlier pullback, consumers picked up their spending in June despite anxiety over tariffs and the state of the U.S. economy. Retail sales rose a better-than-expected 0.6% in June after declining 0.9% in May, the Commerce Department said Thursday. Sales in April fell 0.1%, pulled down by a steep drop in auto sales, after Americans […]
US stocks drift lower as oil prices return to rising
NEW YORK (AP) — U.S. stock indexes are drifting lower on Tuesday, while oil prices rise again. The S&P 500 was down 0.3% in midday trading following signals that one of the U.S. economy’s main engines, spending by households, is weakening while Israel’s conflict with Iran may be worsening. The Dow Jones Industrial Average dipped by 39 points, or […]
Americans turn cautious and retail sales slide after a spring spending surge to beat tariffs
U.S. retail sales fell 0.9% in May as consumers pulled back following Trump’s tariff hikes, with auto sales taking the biggest hit.
