U.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession
admin The numbers: The U.S. economy shrank at a annual 0.9% pace in the second quarter…
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Hilton stock soars 5.7% as hotel operator trounces earnings estimates and raises outlook
Shares of Hilton Worldwide Holdings Inc. soared 5.7% Wednesday, after the hotel operator blew past…
Read MorePfizer reports big profit and revenue beats, as COVID drug sales increase by nearly $9 billion
Shares of Pfizer Inc. PFE, -2.30% gained 0.3% in premarket trading Thursday, after the pharmaceutical…
Read MoreJetBlue and Spirit Airlines to merge in deal with equity value of $3.8 billion that ends 3-way merger battle with Frontier
JetBlue Airways Corporation JBLU, +3.58% and Spirit Airlines Inc. SAVE, +3.93% said Thursday they have…
Read MoreAs Twitter rethinks its San Francisco footprint, a bigger $9 billion question hangs over the city’s office market
Twitter Inc. put its large San Francisco office footprint on review for downsizing on Wednesday,…
Read MoreEtsy shares surge on second-quarter earnings beat
Etsy Inc. reported its second-quarter results after market close on Wednesday, posting better-than-expected earnings and…
Read MoreManchin backs Democratic economic bill that targets inflation, drug prices
After extensive negotiations, key Democratic Sen. Joe Manchin of West Virginia on Wednesday said he…
Read MoreNasdaq surges 4% in best day since 2020 as Fed delivers another 75 basis point rate hike
U.S. stocks closed sharply higher Wednesday, greeting the Federal Reserve’s latest rate hike with a…
Read MoreSurprise? How the stock market has reacted on each Fed decision day since March
The Federal Reserve’s strategy of supersize interest rate hikes gets much of the blame for…
Read MoreCarvana stock gains after Raymond James ends bearish call
Shares of Carvana Co. CVNA, +2.40% were up more than 4% in premarket trading Wednesday…
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