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Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it's become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.
Stocks were broadly lower in late-morning trading Wednesday, as investors focus on the Federal Reserve's policy meeting and the outlook for the economy as the coronavirus pandemic rages on.
Orders to U.S. factories for big-ticket manufactured goods rose a modest 0.2% in December, held back by a big drop in the volatile aircraft sector. A key category that tracks business investment decisions slowed.
Boeing lost $8.4 billion in the fourth quarter – capping a record loss for all of 2020 – as the pandemic undercut demand for planes, and the company announced another costly delay to its new large jetliner designed for long-haul flights.
Wall Street was tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday.
Stocks were drifting around their record highs on Wall Street Thursday, as earnings season ramps into higher gear.
Union Pacific's fourth-quarter profit chugged ahead as shipping volume improved for the first time since before the coronavirus pandemic slowed the economy to a crawl last year.
U.S. home construction jumped 5.8% in December to 1.67 million units, a 14-year high that topped the strongest annual showing from the country's builders in 15 years.
U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
DUBAI, United Arab Emirates – Masks off the minute you step inside. Bars packed and pulsing like it’s 2019. Social media stars waving bottles of champagne. DJs spinning party tunes through multihour brunches.
Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season.
U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level.
The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores.
U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June.
A Federal Reserve survey of U.S. business conditions has found modest economic gains at the start of the year, although some parts of the country saw slowdowns stemming from a renewed surge of COVID-19 cases.
The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it, a move that lifted the automaker’s stock to a multiyear high.
Stocks are slipping Monday as trading cools on Wall Street and in markets around the world following their strong record-setting runs.
American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic better than the battered services sector.
Spending on U.S. construction projects increased 0.9% in November as strength in home building offset weakness in other parts of the construction industry.
The popularity of making quick moves via stock-trading apps in 2020 and the string of hopeful headlines relating to COVID-19 vaccines could create a deadly mix for investors who don't do their homework.