S&P 500 and Nasdaq Hit Records Ahead of Fed Meeting
The broad-based index and the Nasdaq both closed 0.3% higher as investors await this week's key inflation data and June interest-rate decision. Southwest Airlines shares surged as an activist built a nearly $2 billion stake in the carrier.
Gas prices see 'ultra-rare' drop to start summer. Here's why.
Average price per gallon falls to $3.40 on Monday, the lowest June level since 2021, says GasBuddy's Patrick De Haan
Dockworkers Cancel Bargaining, Threaten Strike at U.S. Seaports
The union that represents workers at ports from Maine to Texas canceled labor talks in a row over the use of automated machinery.
White House Prepares to Tap Derivatives Regulator to Oversee FDIC
Christy Goldsmith Romero would succeed Martin Gruenberg, who has agreed to resign.
Global Ad Revenue Will Hit $1 Trillion Faster Than Expected, GroupM Forecast Says
Global advertising revenue will grow 7.8% in 2024 to nearly $990 billion, excluding U.S. political advertising, media investment group GroupM said in a new forecast significantly raising expectations from a previous estimate of 5.3%.
Australian Businesses Report Rising Cost Pressures Despite Lifeless Economy
Australian businesses reported a reacceleration in inflation pressures in May despite the backdrop of a lifeless economy.
European Union Vote Delivers Shift to Right, in Blow to French and German Governments
Mainstream parties look set to keep a majority in the European Parliament but nationalist parties perform strongly.
Meme Stocks Are Back, but Fund Investors Moved On
Wild trading in stocks such as GameStop has once again captured the imaginations of individual investors, but the frenzy of YOLO trading hasn't lifted the fortunes of the fund industry.
The Shortcut That Allows Risky Startups to Raise Billions From Rookie Investors
Crowdfunded companies pull in cash through sleek social-media promotions and mentions of Elon Musk.
Fed won't move interest rates this week, but meeting will still be a feast for economists
The Federal Reserve is widely expected keep its benchmark interest rate steady at the end of their two-days of deliberations on Wednesday, but economists will be watching closely for any clues on the timing of the first rate cut in four years.
(END) Dow Jones Newswires
June 10, 2024 23:00 ET (03:00 GMT)
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