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Transportation stocks sink, with industry ETF on track for biggest drop since October

Transportation stocks were being punished on Wednesday, with sharp drops weighing on an exchange-traded fund whose top holdings include airlines, railroads and a trucking company.

Congress could finally take a stand on crypto

A U.S. stablecoin bill could come into focus in May that aims to create a new regulatory framework for digital assets

Tesla shows Wall Street a path to ‘positive catalysts,’ BofA says

Tesla Inc.’s better-than-expected quarterly earnings and reassurances from the EV maker that it is on a path of “positive catalysts” led to a stock upgrade at BofA Securities on Wednesday.

Bank of Japan could intervene this week to boost the yen as currency hits 34-year low

The Bank of Japan could intervene to support the yen as soon as Friday, possibly in a move coordinated with the Bank of Korea to help maximize its impact, according to Steven Barrow, head of G-10 strategy at Standard Bank.

The FTC is banning noncompete agreements. Did your job search just get easier?

The regulator voted to ban the controversial agreements that block millions of workers from going to a rival employer. Here’s what it all means for workers.

Trump Media CEO renews assault on ‘DJT’ short sellers — but the math doesn’t add up

Former President Donald Trump’s media company is waging war on short sellers, but data show they cannot be blamed for the stock’s volatility.

Molson Coors’ gains from the Bud Light boycott have run their course, analysts say

When a conservative-led boycott hit Bud Light’s sales last year, light-beer rival Molson Coors Beverage Co. was among the brewers whose sales increased. But it appears those gains are quickly coming to an end, Citi analysts said Wednesday.

New-car sales expected to tick higher as inventories, and deals, are on the rise

2024 is shaping up to be the best for new-car sales since 2019.

GDP set to top 2% again, extending hot streak for U.S. economy

The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 — but a wider trade deficit could throw up a roadblock.

Norfolk Southern says Baltimore bridge collapse’s cost is more than $25 million per month

Norfolk Southern’s coal-shipping business has been impacted by the Francis Scott Key Bridge collapse.

As bird flu spreads in dairy cows, more surveillance is needed, health officials say

Recent bird-flu outbreaks in dairy cows and other animals underscore the need for better virus surveillance across species, WHO officials said Wednesday.

Alphabet earnings should show AI boosts, but Google still faces many clouds

Contrasting opinions highlight a divergent storyline as Alphabet Inc. nears its first-quarter report on Thursday.
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