Union-backed Democrats launched a last-ditch effort Thursday to scuttle President Barack Obama’s trade agenda by sacrificing a favored program of their own that retrains workers displaced by international trade.
Stocks rose for a second day after an encouraging report on retail sales suggested that Americans are finally feeling confident enough to spend more.
With little news to drive trading, major market indexes drifted mostly lower in a listless day of trading on Tuesday. Bond prices fell, driving a benchmark interest rate to its high for the year, and crude oil jumped back above $60 a barrel.
McDonald’s says a key sales measurement dipped in May, with weakness in the U.S. and some overseas markets.
Package delivery company FedEx said it is raising its quarterly dividend to 25 cents from 20 cents.
Automakers should include as standard equipment in all new cars and light trucks systems that automatically brake or warn drivers to avoid rear-end collisions, the National Transportation Safety Board said in a report released Monday.
Wal-Mart is passing the chairmanship of the world's largest retailer from the eldest son of late founder Sam Walton to a third generation.
A burst of hiring last month led to a drop in the bond market Friday as traders placed bets that the Federal Reserve would raise interest rates later this year. Despite the good economic news, the stock market drifted to another loss, finishing lower for the second week in a row.
Bonds extended their slump on Friday, after a report showed the U.S. employers added 280,000 workers to their payrolls in May. That was more jobs than forecast and suggests that the economy is back on track after starting the year in a slump.
Uncertainty surrounding Greece's debts helped knock the U.S. stock market lower Thursday as an impasse between Greece and its creditors dragged on. The drop put major indexes on track for a weekly loss. Oil and gas stocks had some of the biggest losses as the price of crude sank 3 percent.
Desperate for time, Greece is taking an unusual step in talks over its bailout program: It will bundle four payments due this month to the International Monetary Fund into one payment on June 30.
Google co-founder Sergey Brin said the Internet company isn’t releasing the accident reports involving its self-driving cars to protect the privacy of the other motorists in the crashes.
American Airlines’ CEO is facing heat from retirees who are angry the company reduced their travel perks.
Greece's prime minister Alexis Tsipras said early Thursday he found a constructive approach during a showdown with creditors in Brussels and all sides insisted talks to unlock crucial bailout loans and save the country from financial disaster would continue within days.
Encouraging economic news pushed stocks higher Wednesday, although a slump in energy companies and utilities kept broader gains in check.