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Business

Stocks stand still ahead of raft of earnings, economic data

NEW YORK (AP) — Wall Street remained stuck in its standstill Monday, and stocks again moved only modestly ahead of reports that could offer more direction on where the economy and corporate profits are heading. The S&P 500 edged up by 3.52 points, or 0.1%, to 4,137.04 after barely ...

Stocks stand still ahead of raft of earnings, economic data

NEW YORK (AP) — Wall Street remained stuck in its standstill Monday, and stocks again moved only modestly ahead of reports that could offer more direction on where the economy and corporate profits are heading. The S&P 500 edged up by 3.52 points, or 0.1%, to 4,137.04 after barely ...

Biden blasts GOP ‘wacko notions’ amid debt limit standoff

ACCOKEEK, Md. (AP) — President Joe Biden lambasted Republicans’ emerging trade-off plans to raise the nation’s debt limit only in exchange for spending cuts and other policy concessions on Wednesday, declaring that GOP lawmakers are threatening a historic default on U.S. obligations ...

Biden pans McCarthy’s debt plan as ‘huge cuts’ to Americans

WASHINGTON (AP) — House Speaker Kevin McCarthy worked furiously Tuesday to build support for a Republican plan that would demand strict limits to federal spending in return for agreeing to raise the nation’s debt limit and stave off an unprecedented U.S. default. But President Joe Biden ...

Fox News-Dominion libel case set to begin after brief delay

WILMINGTON, Del. (AP) — The Delaware judge overseeing a voting machine company's $1.6 billion defamation lawsuit against Fox News delayed the opening of the trial Monday, raising the prospect that the two sides might attempt to settle before the eagerly watched case goes before a ...

Profits at big U.S. banks show few signs of industry distress

NEW YORK (AP) — The nation’s largest banks appear to be weathering the current turmoil in their industry just fine. Despite a pair of historical failures last month that put the nation’s banking industry into crisis mode, the nation’s biggest banks posted strong profits last quarter, ...