NEW YORK—Stocks inched higher Friday to close out a listless week for Wall Street, as investors wait for next week’s slate of potentially market-moving updates. The S&P 500 rose 4.93, or 0.1 percent, to 4,298.86 to cap its fourth straight winning week. The Dow Jones Industrial Average added 43.17, or 0.1 percent, to 33,876.78, and…
Stock Market Today: Wall Street Drifts Higher, Marking 4th Winning Week for S&P 500
Closing Prices for Crude Oil, Gold, and Other Commodities (June 9)
June 9, 2023
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Benchmark U.S. crude oil for July delivery fell $1.12 to $70.17 a barrel Friday. Brent crude for August delivery fell $1.17 to $74.79 a barrel. Wholesale gasoline for July delivery fell 2 cents $2.59 a gallon. July heating oil fell 3 cents to $2.36 a gallon. July natural gas fell 10 cents to $2.25 per…
How Major US Stock Indexes Fared June 9
Stocks drifted higher on Wall Street, giving the S&P 500 its fourth winning week in a row. The benchmark index edged up 0.1 percent Friday. The Dow Jones Industrial Average eked out a gain and the Nasdaq composite rose. Tesla was at the front of the market, rallying 4.1 percent after announcing that General Motors…
Investor Home Purchases Fell 49 Percent in One Year
The percentage of homes purchased by real estate investors fell 49 percent compared with what they bought a year before, and overall home purchases fell 41 percent, according to real estate brokerage Redfin, which analyzed date from 40 major metros. Something that may have led investors to retreat from the housing market likely are rising…
Rapper Behind Hit Song ‘Boycott Target’ Says He’s Long Been Censored From Social Media
June 9, 2023
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Despite conservative rapper Forgiato Blow’s song Boycott Target topping the music charts in the wake of the retail chain’s promotion of gay pride-themed children’s apparel, the artist said he’s faced longtime censorship that has cost him millions in career earnings. Blow’s track landed number one on Apple’s iTunes charts last week above other songs from…
Driverless Cars Are Causing Havoc in San Francisco, Residents Say
June 9, 2023
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artificial intelligenceAVBusiness & MarketsCaliforniacar safetyCompaniesCrime & Public SafetyCruiseDriverless CarsFeatured TopicsMedia & Big TechNorthern CaliforniaRegional & State NewsSan Franciscoself-driving carsState NewsTechTech NewsUSUS Newswaymo
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Driverless cars have been causing havoc in the streets of San Francisco over the past year, much to the annoyance of local residents. The self-driving vehicles have become common in the Bay Area, after two tech firms, Cruise and Waymo, were given permission by local authorities several months ago to test their new vehicles on the…
China’s Producer Price Inflation Falls 4.6 Percent in May Amid Overall Deflation Risk
June 9, 2023
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Business & MarketsChina Business & EconomyChina economyChina Newseconomic policieseconomyproducer price index
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China’s Producer Price Index (PPI) fell for the eighth straight month in May, fortifying concerns about the economy slipping into a deflationary situation. Data from China’s National Bureau of Statistics show that the country’s PPI for May declined by 4.6 percent year over year, according to Reuters. This is the eighth consecutive monthly decline and…
Foreclosures Are On the Rise in America as Inflation Squeezes Households
As the inflation-driven cost-of-living crunch continues to squeeze American households, foreclosures are on the rise, with May notching a 38 percent jump in repossessions and experts warning of more pain to come. Foreclosure-related filings—which include repossessions, scheduled auctions, and default notices—climbed 7 percent from April to May to 35,196 properties, according to the real estate data…
Lawmaker Calls Out Shein for Lobbying to Clear Its Name of Forced Labor Allegations
June 9, 2023
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Business & MarketsChinaChina Business & EconomyChina Human RightsChina NewsCompaniesforced laborPoliticsUFLPAUSUS-China relationsXinjiang
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A senator is sounding the alarm about China’s fashion retailer Shein, alleging it is using forced labor in its clothing supply chains and is lobbying to dismiss the claim. “I write to make you aware of actions by Shein, an apparel company founded in China that profits from Uyghur slave labor. Shein is hiring D.C….
Windfall Tax to Be Scrapped If Oil and Gas Prices Fall to ‘Normal Levels’
The government has announced it will remove the windfall tax on oil and gas companies if energy prices fall to “normal levels.” The temporary windfall tax was announced last year by then-Chancellor Rishi Sunak to fund a relief package for households struggling with rising bills following Russian President Vladimir Putin’s invasion of Ukraine. The levy…
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