Articles

Economists react to Trump possibly curbing Fed’s independence: ‘Bad idea of all bad ideas’

Economists and other analysts are sounding off after a Wall Street Journal report said some allies of presumptive Republican presidential nominee Donald Trump have proposals to erode the Federal Reserve’s independence.

Realtors spend record $14.7 million on first-quarter lobbying as shakeup hits the real-estate industry

The National Association of Realtors scaled up its Washington lobbying effort in this year’s first quarter, according to disclosures.

College financial aid: How to navigate offers in one of the most challenging seasons yet

The botched rollout of a revamped federal financial aid form has made this year’s college acceptance season particularly vexing.

Nio’s stock jumps after report of China’s plan to boost EV sales

Shares of Nio Inc., and those of other China-based electric-vehicle makers, powered higher Friday, after a report that China reportedly plans to provide car owners with an incentive to buy EVs.

Consumer sentiment weakens in late April, University of Michigan survey says

Consumer sentiment deteriorated near the end of April, according to the latest reading from the University of Michigan.

Why Trump really could push the U.S. to default on its debt

If Trump is elected president in November, he will face the U.S. government’s growing debt burden. He might try to resolve the issue by defaulting.

Alphabet showed perfection, and that could drive the stock’s best day in 9 years

Alphabet’s stock could see its second-best single-day performance in history on Friday, following an earnings report that drew effusive praise.

Tesla’s December recall of 2 million vehicles over Autopilot now subject of regulatory probe

The U.S. National Highway Traffic Safety Administration said Friday it has launched an investigation of Tesla Inc.’s December recall of 2 million vehicles that were equipped with its Autopilot system.

Newell’s stock rallies on revenue beat as it boosts margins and carries out restructuring plan

The parent company of Rubbermaid, Sharpie, Mr. Coffee, Elmer’s glue and more said it lost $9 million, or 2 cents a share in the first quarter, compared to a loss of $102 million, or 25 cents a share, in the year-ago period.

Oil prices remain on track for weekly gains ahead of U.S. inflation data

Oil futures advanced on Friday morning, with both U.S. and global benchmark prices headed for weekly gains as investors awaited the release of U.S. inflation data that may provide further clues on when the Federal Reserve’s interest-rate cuts might occur.

Exxon Mobil’s stock falls after profit and production drop below forecasts

Shares of Exxon Mobil Corp. dropped Friday, after the oil and gas giant reported first-quarter profit and production that fell below forecasts, even as revenue beat expectations by a wide margin.

Charter continues to shed internet subscribers, reflecting cable’s growth woes

Charter lost more internet subscribers than expected in the first quarter as the cable industry’s broadband growth challenges continued.
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