NEW YORK (AP) — After splurging on the World Cup and Amazon Prime Day sales, Americans unexpectedly cut their spending in July by the biggest …
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WASHINGTON (AP) — Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in a year prove…
Berkshire Hathaway’s new CEO Greg Abel has invested $10 billion in Google’s parent company and repurchased about $4.5 billion of its shares. The conglomerate that legendary investor Warren Buffett built reported its second-quarter earnings Saturday morning and disclosed that its cash holdings had shrunk more than $30 billion to $365.5 billion. Abel announced in March that Berkshire had resumed buying back its own shares for the first time in more than two years, but investors were underwhelmed with the buybacks in the first quarter.
Stocks edged lower on Wall Street as oil prices rose and more company earnings reports rolled in. The S&P 500 fell 0.2% Thursday, and was just below the record it reached on Tuesday. The Dow Jones Industrial Average fell 0.9%, and the Nasdaq composite fell 0.1%. Warner Bros. Discovery rose after reporting better-than-expected earnings. Honeywell Aerospace slumped after turning in results that fell well short of forecasts. European markets mostly rose. The price of Brent crude rose nearly 4%. Treasury yields moved higher in the bond market.
Stocks held close to their records on Wall Street, while oil prices were relatively steady. The S&P 500 slipped 0.2% Wednesday from the all-time high it set a day earlier. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq composite lost 0.8%. SpaceX sank after increasing its spending on artificial intelligence. The Walt Disney Co. rose after reporting results that beat analysts’ forecasts, helped by “Toy Story 5.” European markets were mixed. Treasury yields slipped in the bond market. The price of Brent crude was little changed at about $79 a barrel.
NEW YORK (AP) — Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline pric…
McDonald's posted a strong profit in its second quarter and named a new head of the U.S. market with sales at home under pressure as many Amer…
TOKYO (AP) — Toyota reported Tuesday a nearly doubling of profit for the fiscal first quarter as solid demand in the U.S. and India combined w…
U.S. stocks rallied to the edge of their all-time high after easing oil prices helped calm Wall Street’s worries that inflation could get even worse. The S&P 500 jumped 1.5% Monday and is just 0.1% below its record set earlier this summer. The Dow Jones Industrial Average rose 1.3% to an all-time high, and the Nasdaq composite climbed 2.1%. Brent crude's price fell 4.7% after President Donald Trump said he would hold off on ordering new strikes against Iran. That helped Treasury yields to fall in the bond market. Stocks of airlines and other companies with big fuel bills rallied.
It’s been a choppy year for restaurants that lean into lettuce.