GE completes yearslong breakup as final two divisions trade as separate companies; job openings remain elevated at 8.8 million; millions could lose broadband internet subsides unless Congress acts; officials working to open second temporary channel in and out of Baltimore’s port.

General Electric ends its run as an industrial conglomerate

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News

Stocks decline on Wednesday; Fed members say lowering inflation will take longer than expected; Existing home sales fall; New tariffs take effect in August.

U.S. markets fall across the board

Target says first quarter comparable sales fell 3.7%; Lowe’s fell about 4%; TJX reports same-store sales today that are up, but below expectations; the average vehicle on the road is now more than 12 years old.

A consumer pulse check

Stock markets close higher; Americans’ financial well-being remains steady; Layoffs at Pixar; Feds to sell off a gasoline stockpile in the Northeast.

Most Americans say they’re doing OK financially

Fed Governor Christopher Waller basically rules out an interest rate hike; a change at the top of the FDIC; Treasury Secretary Janet Yellen tries to convince U.S. allies to use seized Russian assets to help Ukraine; Macy’s reported its latest quarterly earnings today.

A mixed open on Wall Street

Markets were mixed; Investors eye tech stocks this week as Microsoft announces AI computer; Cruise stocks are smooth sailing; Weight loss drugs boost online pharmacy service.

General Electric ends its run as an industrial conglomerate

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