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Stocks close mixed; investors expect higher rates for longer; Chevron to buy Hess Corporation; GDP data due this week.
A European think tank says the minimum tax on corporations will generate half of the hoped-for revenue; group also urges new tax on billionaires; Japan launches Google antitrust probe; major companies urge rich countries to ditch fossil fuels by 2035.
Stocks fall; GM proposes to hike pay 23%; Cleveland Fed president says rates likely near “holding point”; China to restrict graphite exports.
Federal Reserve Chairman Jerome Powell said another hike may not be necessary right away; CVS removing phenylephrine-based cold treatments; Rite Aid plans 154 store closures; Toyota adopting Tesla’s charging standard.
Stocks fall; home sales down 2 percent from August; unemployment claims rise; leading economic indicators suggest further economic weakness.
Existing home sales are down 15% compared to a year ago; jobless claims fall below 200,000; American Airlines posts quarterly loss; E.U. increases scrutiny of social media’s handling of Israel-Hamas war disinformation.
Stocks fall; housing starts are lower than this time last year; resumption of student loan payments will have minor impact on consumer spending; labor market continues to loosen.
U.S. sanctioned 10 people and organizations; United Airlines to allow some window seat passengers to board first; Procter & Gamble profits lifted by higher prices; U.S. Bank beats quarterly earnings estimates by charging higher interest to customers.
Stocks close mixed; inflation pushes up retail sales; industrial production rises; Bank of America profits grow.
September retail sales jumped 0.7%; Choice Hotels makes $8 billion bid for Wyndham; Bill Ford warns strike could hurt automaker’s future; analysts expect Netflix to report subscriber growth when it posts quarterly earnings tomorrow.
From the publisher's feed
The Marketplace Minute® has concluded production as of July 2024.
The economy is changing so fast. It’s hard to keep up. Get the latest on what’s happening in the economy right now with two-times-a day briefings from Marketplace. More than just the numbers, we bring you the highlights from the most important stories about money, business and the economy. Subscribe to the Marketplace Minute® wherever you get your podcasts or add it to your Alexa flash briefing.

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