‘Capping the maximum credit-card interest rate is fair, common-sense and gives the working class a chance,’ said Sen. Josh Hawley, a Republican from Missouri.
: Google spent billions to build an illegal monopoly, Justice Department says as trial gets under way
Federal prosecutors opened a landmark antitrust trial against Alphabet Inc.’s Google on Tuesday with charges the search-engine giant for years intentionally snuffed competition through exclusive contracts with wireless carriers and phone makers.
: Nio’s stock hit by EU investigation into China’s EV makers, while Tesla’s stock rises
Nio’s stock fell Wednesday amid concerns about the European Union’s investigation into government subsidies that China-based electric vehicle makers receive.
Futures Movers: Oil prices settle lower as prospects for weaker demand outweigh supply deficit concerns
Oil prices end lower on Wednesday, shaking off earlier gains fueled by expectations for a deficit in global supplies, as a stronger-than-expected reading on U.S. inflation raised worries about weaker energy demand.
Metals Stocks: Gold edges higher, sticks to tight range, as U.S. inflation reading shows biggest monthly climb in over a year
Gold prices trade higher on Wednesday, sticking to a tight trading range as investors digest the latest reading on U.S. inflation, which revealed the largest monthly climb in more than a year.
: Orthofix’s stock has worst day in nearly 30 years after 3 top executives are fired for ‘offensive conduct’
Orthofix Medical investors suffered their worst day in 28 years on Tuesday after the spine and orthopedics company fired three top executives “for cause.”
Need to Know: Stay upbeat on U.S. stocks, says SocGen, which just boosted its S&P 500 target
Société Générale’s top U.S. equity strategist has lifted his S&P 500 target for 2023, saying investors want to buy growth and industrials. But a “shock” is coming in 2024.
Economic Report: Mortgage demand remains at multidecade lows as few homeowners refinance
Mortgage applications fell 0.8% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.27%.
: Moderna aims to prove it’s ‘more than a COVID company’
As COVID vaccine sales fall, Moderna releases positive results from mRNA flu vaccine, adds new development programs
The View From Unretirement: 7 ways to be a great first-time grandparent
Experts’ advice on long-distance grandparenting and repairing strained family ties, plus tips for the forgotten grandpas
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