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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Facebook Parent Meta Posts Solid 1Q Results, Stock Soars
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Stellantis to Offer Buyouts Amid Electric Vehicle Transition
Another automaker is trying to cut its workforce to trim expenses and stay competitive as the industry makes the long and costly transition to electric vehicles.
US Economy Grew at Weak 1.1 Percent Rate in Q1 in Sign of Slowdown
The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.
