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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Cheddar Afternoon News Briefings of April 5th
Cheddar Afternoon News Briefings
Afternoon Alexa Flash Briefings of April 5th
Afternoon Alexa Flash Briefings
WSJ: Apartment Sales Plunge 74 Percent in First Quarter of 2023
The market for rental apartment buildings is tumbling at its fastest-rate since 2009 in the wake of the Great Financial Crisis, according to a Washington Post report.
Lithium Prices Continue Slide Amid Declining EV Demand
The price of lithium batteries is dropping as demand for electric vehicles continues to fall.
ADP Jobs Report Comes in Below Expectations Signaling Slowing Growth
Private employers added 145,000 jobs and annual pay jumped 6.9 percent in March, according to a monthly report from payroll processing firm ADP.
Morning Alexa Flash Briefings of April 5th
Morning Alexa Flash Briefings
Wall Street Closes Lower on Latest Signs of Slowing Economy
Stocks closed lower on Wall Street Wednesday and Treasury yields fell following the latest signals that the U.S. economy is slowing.
J&J Proposes Paying $8.9B to Settle Talcum Powder Lawsuits
Johnson & Johnson is earmarking nearly $9 billion to cover allegations that its baby power containing talc caused cancer, more than quadrupling the amount that the company had previously set aside to pay for its potential liability.
Student Aid Startup Founder Arrested on Fraud Charges
The founder of the student loan assistance startup company Frank that J.P. Morgan Chase acquired for $175 million has been arrested on charges that she duped the financial giant.
