Stocks were mixed at the open but Wall Street was heading for a losing week as investors digested the hints that the Federal Reserve could raise rates before the end of the year.
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Afternoon Alexa Flash Briefings of May16th
Afternoon Alexa Flash Briefings
Bank Execs Blame Panicked Depositors for Silicon Valley, Signature Failures; Senators Blame Them
Top executives at Silicon Valley Bank and Signature Bank largely avoided taking responsibility for their banks’ dramatic failures at a Senate hearing Tuesday.
ChatGPT Chief Says Artificial Intelligence Should Be Regulated by US or Global Agency
The head of the artificial intelligence company that makes ChatGPT will testify before Congress as lawmakers call for new rules to guide the rapid development of AI technology.
Stock Market Today: Wall Street Dips as Energy Stocks, Home Depot Weigh
Most stocks fell on Wall Street after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure.
CEO Pay Again in Focus as the Heads of Failed Banks Appear Before Senate Panel
The recent failures of a trio of midsize banks has once again raised questions about whether senior executives in the U.S. are being rewarded more for short-term gains — like rising stock prices — than for ensuring their companies' long-term health.
3M Fires Company Executive for Inappropriate Conduct Weeks After Promotion
3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced on Monday.
Morning Alexa Flash Briefings of May 16th
Morning Alexa Flash Briefings
Cheddar Morning News Briefings of May 16th
Cheddar Morning News Briefings
NBC Pitches Ad Buyers Amid Writers' Strike
Cheddar News attended the upfront presentation by NBC Universal and broke down how this year's event was different from previous years due to the ongoing writers' strike.
