Stocks closed higher after the Federal Reserve’s meeting minutes signaled a commitment to raise interest rates
US stocks rose on Wednesday after many retail traders offered investors some optimism about this year’s sales, and the release …
Corporate/Industrial News
McDonald’s prepares to reserve seats in proxy fight with Carl Icahn
McDonald’s corp. MCD 2.74% She is set to win a proxy battle with activist Carl Icahn, who has challenged the …
Glencore settles corruption and bribery charges in the US, UK and Brazil
Glencore GLNCY 2.32% The PLC said on Tuesday it would pay at least $1.2 billion and two business units would …
Target inventory plunge 25% in profits, high costs
Goal corp. TGT -24.10% Shares slipped after the retailer reported lower quarterly earnings and said it will absorb higher costs …
Behind the fake account issue cited by Elon Musk calling the Twitter deal ‘pending’
Elon Musk tweets his plan on Twitter company The acquisition was suspended, highlighting questions about fake accounts, which have plagued …
‘Nowhere to hide?’ Why stagflation fears are putting stocks on the verge of entering a bear market
It will take more than Friday’s big bounce to quell fear of a bear market in stocks as uncertainty about …
‘It’s pure panic’: Parents of twins in Florida spent more than 4 hours driving to find baby formula
When Eric and Kelly Schmidt, both 35, went to the Central Florida Target this week to buy regular baby formula, …
Beyond Meat stock drops 20% amid poor sales, heads below first-time IPO price
Beyond Meat Inc. has taken 2022 not-so-good turned a bad turn for the worse on Wednesday with quarterly results lacking …
Coinbase stock slides to all-time low as cryptocurrency trading drops
Coinbase Global Inc. It turned into a loss in its most recent quarter and posted lower-than-expected revenue as 2.2 million …
Carvana plans to lay off 12% of workforce as it finalizes expansion deal
Selling cars online Carvana company CVNA -5.39% It plans to lay off 12% of its workforce after striking a deal …