As the 10-year Treasury yield ( ^TNX) hovered near seven-month highs around 4.6%, stocks pulled back. The S&P 500 ( ^GSPC) ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Weekly applications for jobless benefits are considered a proxy for layoffs. Also Thursday, U.S. financial markets re-open for the first trading day of 2025. U.S. stocks could be hard pressed to ...

Technology stocks were the biggest drag on the market Friday. Semiconductor giant Nvidia slumped 2.4%. Its enormous valuation ...

With just a few trading days left to end 2024, Wall Street has been on a historic rally buoyed by the artificial intelligence (AI) craze and rate-cut optimism. A surge in technology stocks and the ...

Holiday spending surged, but returns are expected to hit 17% of U.S. merchandise sales, totaling $890 billion, highlighting ...

After a stellar run to record highs following the November U.S. election, which sparked hopes of pro-business policies under President-elect Donald Trump, Wall Street’s rally hit a bump this month as ...

The groups said they did not want to kill the stress testing program, which provides an annual bill of health to the nation’s ...

The Federal Reserve did what many thought it couldn’t achieve in 2024, and yet in one respect it still ended the year the way it started — worried about stubborn price pressures.

Treasury yields and the dollar remain strong after a below-expectations November durable goods orders report. The Census Bureau reported a 1.1% decline in orders, following a revised 0.8% increase in ...

Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ...

The December FOMC Statement and "dot plot" signaled that the Fed is pivoting from focusing on unemployment back to controlling inflation. The signals point to the Fed pausing after two more rate cuts ...