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Oil merger mania continues; American Airlines sees a dismal summer; Pee-Wee’s house is for sale.
American Airlines has revised lower its summer forecast; ConocoPhillips to purchase Marathon Oil; China’s economic forecast gets a boost; another former FTX executive is headed to prison.
Consumer confidence ticked up; home prices set a record; a big oil merger gets the thumbs-up from shareholders.
The consumer confidence index improved after three months of decline; home prices hit another record in March; T-Mobile struck a deal to purchase much of U.S. Cellular; bond investor Gross says Trump presidency would be worse for markets.
Stocks close mostly higher; consumers expect slower inflation; Live Nation hit with second antitrust lawsuit; UAW asks for a new vote in Alabama.
If approved, the NCAA settlement would allow colleges to pay student athletes; business spending picks up in April, according to durable goods report; Justice Department sues to break up Live Nation, calling it a monopoly; Memorial Day travel kicks off with a major test for air travel.
AI drives Nvidia profits higher; New home sales slump; White House says an independent Fed is best.
The chipmaker reported a more than three-fold increase in quarterly revenue; White House says Federal Reserve should remain independent; initial jobless claims inch lower; DuPont plans to split itself up.
Stocks decline on Wednesday; Fed members say lowering inflation will take longer than expected; Existing home sales fall; New tariffs take effect in August.
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.
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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