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News

Dow tumbles 321 points on Biden's capital gains tax hike plan

U.S. equity markets turned sharply lower Thursday afternoon following a report that the Biden administration is mulling increasing the capital gains tax....

AT&T's revenue rises as wireless unit, HBO add customers

AT&T reported a first-quarter profit of about $7.5 billion, up from $4.6 billion a year earlier, showing a focus on growth as the economy starts to bounce back from the effects of the pandemic....

American Airlines posts $1.25B loss, delays new jets

American Airlines said Thursday that it lost $1.25 billion in the first quarter and continued to slash costs, including delaying delivery of new jets as it waits for air travel to recover from the ...

US airline bailout helps Southwest post $116M profit

With help from Washington, Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started....

Earth friendly ETFs for climate change, sustainable investing

ETFs for Earth Day as the growing popularity of socially responsible investment strategies continues to grow unabated....

Stock futures trade lower ahead of economic data

The latest jobless claim and existing home sales could steer the direction of trading...

Sidestepping taper talk, ECB to stick to stimulus plans

The bank is pinning borrowing costs near record lows via massive bond purchases to see the euro zone through a scarring recession...

Texas wind farms sue Citigroup over charges from winter storm

A Canadian renewable energy firm on Wednesday sued Citigroup Inc (NYSE:C) for rejecting force majeure declarations during a February winter storm and billing it over $100 million for replacement po...

Credit Suisse's exposure to Archegos Investments grew to more than $20 billion

Credit Suisse Group AG amassed more than $20 billion of exposure to investments related to Archegos Capital Management, but the bank struggled to monitor them before the fund was forced to liquidat...

Consumer Reports no longer recommends Peloton as clash between tread company and feds boils over

Consumer Reports has pulled its recommendation for the Peloton “Tread+” treadmill after the Consumer Product Safety Commission issued a safety warning, the product testing nonprofit confirmed on We...