The S&P 500’s annualized total return has been 11.0% in years when a Democrat is president and Congress is Republican-controlled.
Mortgage applications fell 6.7% in the last week, the Mortgage Bankers Association said.
American Airlines’ stock falls after $50 million settlement with DOT over mistreatment of disabled passengers.
Amazon.com Inc. said Wednesday that Prime members can now save 10 cents a gallon at about 7,000 gas stations operated by BP, Amoco and ampm across the U.S.
AT&T took a $4.4 billion goodwill impairment charge related to its business-wireline unit, which is under pressure as business customers cut back on legacy voice services.
The Financial Stability Board, an international body of global regulators, delved into the issues that brought about the collapse of Credit Suisse, the failure of SVB, Signature and First Republic, and the liquidation of Silvergate.
Volvo Cars CEO Jim Rowan said the company is facing slower demand in Europe, the U.S. and China.
“Am I still the joint owner of this account?”
