NEW YORK (AP) — Major U.S. benchmarks are lower in premarket trading as broad concerns about interest rates, inflation and the war in Ukraine continue to weigh on investors. Futures for the Dow Jones industrials are 0.4% lower Wednesday and futures for the S&P 500 are down 0.3%.
NEW YORK (AP) — U.S. stocks rallied Tuesday as Treasury yields eased, but Wall Street remains wobbly as investors wait for more clarity on where interest rates, inflation and the economy are heading. The S&P 500 climbed 1% after bouncing back from an early loss of the same size.
Shares of Kohl’s are up more than 12% before the market open on Tuesday after the retailer announced that it is in exclusive takeover talks with the owner of Vitamin Shoppe. Kohl’s said that the exclusive period is for three weeks, with Franchise Group Inc. offering to buy the company for $60 per share.
NEW YORK (AP) — Target is canceling orders from its suppliers, particularly in home and clothing, while slashing prices of goods in a bold move to clear out mounds of unwanted inventory ahead of the critical fall and holiday shopping seasons. The Minneapolis-based discounter announced the move Tuesday.
DETROIT (AP) — Goodyear has agreed to recall more than 173,000 recreational vehicle tires that the government says can fail and have killed or injured 95 people since 1998. Goodyear’s G159 tires have been under investigation by the National Highway Traffic Safety Administration for over five years.
NEW YORK (AP) — Wall Street was poised to open lower on Tuesday, after a bond sell-off a day earlier fueled anxiety about a possible U.S. economic slowdown. Futures for the Dow Jones Industrial Average fell 0.7% and futures for the S&P 500 dipped 0.8%. Global markets mostly declined.
NEW YORK (AP) — U.S. stocks ticked higher Monday as Wall Street keeps wrestling with whether the economy will successfully avoid a recession amid rising interest rates and high inflation. The S&P 500 edged up 0.3% and the Nasdaq rose 0.4%.
DETROIT (AP) — Elon Musk is threatening to end his $44 billion agreement to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts. Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday that the social platform included in a filing with the Securities and Exchange Commission.
NEW YORK (AP) — Wall Street futures jumped on Monday after the downturn in China’s service industries eased and news reports said the Biden administration might lift U.S. tariffs on some Chinese imports.
WASHINGTON (AP) — U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure from high inflation and rising interest rates. Last month’s gain reflects a resilient job market that has so far shrugged off concerns that the economy will weaken in the coming months as the Federal Reserve steadily raises interest rates to fight inflation.