UnitedHealth Group is reporting a potentially major hack; GM Q1 revenues rise 7.6%; PepsiCo sales rise 2% amid more price hikes; Tesla investors await details on future plans.
The money is aimed at low-income and disadvantaged communities, the White House said; Senate to take up Ukraine, Israel aid bill; Boeing, PepsiCo, General Motors and other big names to release quarterly earnings this week; UBS predicts slowing
Stocks close mixed; Chicago Fed president says inflation progress has stalled; American Express profits rise; Netflix to stop reporting quarterly membership numbers.
The designation applies to chemicals long used in consumer goods; Israel’s credit rating gets a downgrade from S&P; France requires shrinkflation warnings; American Express profits jump on more consumer spending.
D.R. Horton increased quarterly profit by 27%; TSMC forecasts sales increase of up to 30% on A.I. chip demand; initial jobless claims remain at a low of 212,000; U.S. investigating China’s shipbuilding industry over potential unfair subsidies.
White House says China is flooding U.S. with artificially cheap steel, aluminum; United Airlines Q1 losses less than feared; Tesla wants shareholders to reinstate Musk’s $56 billion pay package; Transportation Department to partner with states
Stocks close mixed; Powell says it’ll take longer than expected to be confident that inflation is moving down; housing starts fall; industrial production rises.
IMF improves global economic growth forecast to 3.2%; new housing construction plummets in March; UnitedHealth beats earnings forecasts despite ransomware attack; Bank of America’s profit falls amid high interest rates.
Profits rose 6% at JPMorgan Chase; BlackRock profits soar 36%; Citigroup, Wells Fargo profits decline; S&P 500 quarterly earnings expected to be up 5%.
Delta Air Lines reported strong sales and summer demand; Constellation Brands reported strong beer sales; CarMax struggled amid high prices and interest rates; initial jobless claims declined to 211,000 last week; ECB maintains record high inte
The annual rate of CPI inflation ticked up in March; Accounting giant KPMG fined $25 million in exam-cheating scandal; Trump Organization’s former CFO gets 5 months jail sentence for perjury.
The U.N.’s Simon Stiell is calling for changes in global finance to help fund climate change response; inflation increased to 3.5% in March, the Labor Department says; starting today, broadband providers must provide price labels; Google, Intel
Small business hiring plans are at the lowest levels since May 2020, NFIB finds; Norfolk Southern agrees to $600 million settlement for East Palestine derailment; EPA issues tougher chemical plant emissions rule; European countries along North
A slow period for tourism has gotten an eclipse boost; salvage crews begin removing containers off ship that crashed into Baltimore bridge; Biden administration is canceling accrued interest on student loan debt; Commerce Department to provide
Private and public employers added 303,000 jobs in March; average wages increased 0.3% between February and March; engineers expect to increase vessel access to Baltimore’s port by the end of the month; Yellen, in China visit, points to manufac