President Joe Biden had planned to announce forgiveness for student loans as soon as this weekend as he gives a speech at the University of Delaware's commencement, but that timing has changed after Tuesday's school shooting in Uvalde, Texas, according to a Washington Post report on Friday citing unnamed...
Shares of Bumble Inc. BMBL, -1.68% were falling more than 11% in after-hours trading Wednesday after the online-dating company came up shy of expectations with its outlook for the current quarter. The company posted a net loss of $4.4 million, or 3 cents a share, compared with a loss...
U.S. stocks opened higher Friday after data showed the Federal Reserve's preferred measure of inflation slowed in April. The Dow Jones Industrial Average DJIA, +1.76% was up 50 points, or 0.1%, while the S&P 500 SPX, +2.47% rose 0.8% and the Nasdaq Composite advanced 1.4%. The core personal consumption...
Fed funds futures reflect a higher possibility of a 50 basis point rate increase by the Federal Reserve in March, after January's nonfarm payrolls data produced a greater-than-expected 467,000 gain. The probability of a 50bps hike was 27% as of Friday morning, up from 14% on Thursday, according to...
Shares of Charter Communications Inc. CHTR, -4.44% gained 0.2% in premarket trading Friday, after the broadband communications and cable TV company reported profit and revenue that rose above expectations, with the company's internet business showing the biggest growth. Net income rose to $1.22 billion, or $6.50 a share, from...
White House press secretary Karine Jean-Pierre on Thursday said President Joe Biden has been briefed and will be updated throughout the day on the concerning news out of the U.K. about Queen Elizabeth II's health. The remarks from the Biden administration spokeswoman come as Buckingham Palace said doctors are...
Shares of LXP Industrial Trust LXP, +0.45% dropped 6.6% in premarket trading Friday, after the real estate investment trust, focused on single-tenant warehouse and distribution investments, said it has decided to suspend its evaluation of strategic alternatives, which included a possible sale or merger. The company said discussions with...
U.S. stocks closed lower Thursday as investors weighed economic data on retail sales, unemployment claims and manufacturing amid worries that the Federal Reserve risks triggering a recession by continuing its aggressive pace of rate hikes. The Dow Jones Industrial Average DJIA, -0.56% fell 0.6%, while the S&P 500 SPX,...
The PCE inflation index is forecast to rise 0.2% in April in what would be the smallest increase in a year and a half. The core PCE, which strips out food and energy, is also seen rising a smallish 0.3%. Consumer spending is expected to increase 0.7% in April,...
Ulta Beauty Inc.'s stock ULTA, +1.75% rose 3% in extended trading Thursday after the chain of beauty stores reported fiscal second-quarter revenue that exceeded Wall Street analysts' forecasts. Ulta Beauty reported net income of $295.7 million, or $5.70 a share, compared with net income of $250.9 million, or $4.56...