The S&P 500 index and Dow Jones Industrial Average have been roaring higher as President Joe Biden nears his first 100 days in office, outmatched in the same stretch only in 1933, when Franklin D. Roosevelt held office.
Apple Inc. reported an extraordinary second quarter on Wednesday, with record results in every product category, including the biggest growth seen by the Mac and iPad in years. But investors are wondering how long it will last.
AT&T’s T WarnerMedia plans to price an ad-supported version of its HBO Max streaming service at $9.99 a month starting in June, according to a CNBC report Wednesday.
Apple Inc. continued its hot streak Wednesday, posting better-than-expected revenue across all of its product categories for the March quarter while boosting its buyback program by $90 billion and raising its dividend by 7%.
Facebook Inc. shares rose 6% in extended trading Wednesday, to what would be a record high if gains hold up in Thursday’s regular session, after it announced better-than-expected first-quarter results.
Verizon Communications Inc. is exploring a sale of its media assets including Yahoo and AOL, according to people familiar with the matter, signaling a dramatic reversal of the communications company’s once-lofty ambitions in the sector.
Apple Inc. continued its hot streak Wednesday, posting better-than-expected revenue across all of its product categories for the March quarter while boosting its buyback program by $90 billion and raising its dividend by 7%.
While this may sound like the perennial pledges politicians make to pay for proposals by cutting “waste fraud and abuse,” many observers of the U.S. tax system argue that the IRS has been underfunded for years and that spending more on enforcement can yield significant returns on investment.
Ford Motor Co. has one its best quarters on record, but the stock falls more than 3% in the extended session Wednesday after auto maker lowers guidance and says chip shortage will sting more.
Gold futures register a back-to-back loss on Wednesday, pressured by a rise in U.S. Treasury yields, then make only modest moves after the Federal Reserve left benchmark interest rates unchanged and said it would continue with its asset purchases.
Stocks briefly bounced higher Wednesday, but then headed lower after the Federal Reserve opted to keep benchmark rates low and policy accommodative at the conclusion of its two-day meeting, despite rising inflation.
U.S. Treasury yields rose Wednesday as the Federal Reserve’s policy statement reflected an improving U.S. recovery thanks to vaccinations and fiscal support.
The Federal Reserve stuck to its strategy of supporting the U.S. economy with ultra-low interest rates at its most recent gather of senior central bankers.