U.S. stocks ended lower on Wednesday ahead of a House vote on the federal debt-ceiling deal Wednesday evening to prevent a potential default, but comments from two Federal Reserve officials suggesting the central bank skip an interest-rate rise at their June meeting helped the indices to finish off session lows.
Dow Jones Newswires: China’s official manufacturing PMI slides further into contraction in May
The official gauge of China’s manufacturing activity fell deeper into contraction in May, signaling further cooling of momentum in the post-pandemic recovery.
: House committee advances debt-ceiling bill, sending it over to full House for vote
The House Rules Committee on Tuesday voted 7-6 in favor of advancing a crucial debt-ceiling bill, in a move that paves the way for action by the full House on Wednesday.
Earnings Results: Box’s earnings and forecast beat across the board
Box’s earnings and forecasts beat expectations across the board, and shares looked to recapture value lost after a disappointing forecast 3 months ago.
: Warren Buffett’s Berkshire Hathaway boosts stake in Occidental Petroleum to about 25%
Berkshire bought 4.66 million shares of Occidental between May 25 and May 30, paying roughly $275 million in all.
TaxWatch: IRS funding may be slashed in debt-ceiling deal. Is that good news for taxpayers worried about audits?
The IRS was initially poised to receive $80 billion over a decade — then came the debt-ceiling agreement.
Jeff Reeves’s Strength in Numbers: Why Alphabet is a better bet than Meta Platforms if you’re investing in AI
Meta shares have soared, but a closer look reveals Alphabet may be the stock that really hits its stride this summer.
: Debt-ceiling deal: Here’s what’s next as Senate prepares to vote
President Joe Biden and House Speaker Kevin McCarthy struck a debt-ceiling deal over Memorial Day weekend, and the House passed the bill on Wednesday.
Earnings Results: Ambarella stock drops nearly 14% on weak outlook
Ambarella shares fell after hours Tuesday after the video component maker’s outlook fell short of expectations despite a better-than-feared quarterly loss.
Personal Finance Daily: How many working Americans need food stamps? The answer may surprise you and with debt-ceiling deal, student-loan borrowers will start resuming payments in 3 months — here’s how to prepare
Tuesday’s top personal finance stories.
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