Representatives of Elon Musk and Twitter Inc. are still grappling with terms of an agreement that would enable the purchase of the social-media company to proceed, continuing a monthslong drama surrounding the fate of the blockbuster deal. The discussions are the latest the two sides have held as a courtroom clash draws nearer. They quietly … Read more
U.S. stocks finished mixed Tuesday after swinging between gains and losses as investors parsed a spate of economic data and comments from Federal Reserve officials. All three indexes spent much of the morning in the green, then slipped by midday. The Dow Jones Industrial Average, which entered a bear market on Monday, fell 0.4% Tuesday … Read more
White House officials are planning for President Biden to make an announcement on Wednesday about his proposal for dealing with student-loan debtaccording to people familiar with the matter. The president and his senior aides have for months been weighing whether to cancel some federal student loan debt. Mr. Biden’s top advisers have discussed several proposalsincluding … Read more
A glut of inventory sank profit at Target Corp. further than it expected, sparking investor concerns about the company’s response to an oversupply problem haunting retailers from Walmart Inc. to the parent of T.J. Maxx. Target’s operating margin declined to 1.2% in the quarter ended July 30, the company said in its quarterly earnings report … Read more
Walmart is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying employees in its Bentonville, Ark., headquarters and other corporate offices of the restructuring, which affects various departments including merchandising, global technology and real-estate … Read more
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U.S. stock indexes recorded their biggest one-day gains in nearly a month Tuesday, as investors reacted positively to a fresh batch of company earnings reports. The S&P 500 added 105.84 points, or 2.8%, to end the day at 3936.69. The tech-focused Nasdaq Composite gained 353.10 points, or 3.1%, to 11713.15 , and the Dow Jones … Read more
U.S. stocks edged lower after the latest labor-market data showed that employers added more jobs than expected in June. The S&P 500 slipped 0.4% Friday morning, a day after the benchmark index jumped 1.5% to log a fourth consecutive gain, its longest winning streak since March. The Dow Jones Industrial Average pared its slim gains … Read more