Manchester United Ltd. shares slid after the English soccer giant reported lower revenue and widening losses in its fourth-quarter results early Wednesday.
August’s consumer-price index came in close to expectations and reinforced traders’ expectations for a regular-size, 25-basis-point rate cut from the Federal Reserve next Wednesday. But it still disappointed investors and traders anyway.
Vice President Kamala Harris characterized former President Trump’s plan to institute new tariffs on products Americans buy from abroad as a “Trump sales tax” that would increase costs for everyday products during Tuesday night’s debate.
The Biden administration has struggled to get signature student-loan initiatives implemented. But it has also announced $167 billion in debt cancellation.