Justice Department and EPA have filed a complaint against Norfolk Southern Corp. for unlawful discharge of pollutants and hazardous substances in the Feb. 3 derailment in East Palestine, Ohio.
Banking: Bank stocks end tough quarter with gains as sector stabilizes despite outflows from savings accounts
U.S. regional-bank stocks finished out the last day of the first quarter with gains but sustained double-digit year-to-date losses on liquidity concerns.
Futures Movers: Oil futures settle higher, but U.S. prices register a 5th straight monthly decline
Oil futures settle at their highest in about three weeks on Friday, but register losses for the month and quarter.
: How the FDIC has set a ‘baseline’ for troubled commercial real estate
Also, moving money for interest, stocks, AI and an income tax problem.
: Prescription-drug middlemen face mounting pressure from federal government, states
‘Heat wave’ for pharmacy benefit managers as lawmakers, regulators scrutinize impact on drug prices
Market Extra: Investors have poured $508 billion into cash in the first quarter, the most since the pandemic – Bank of America
The “dash for cash” continues for investors who are looking for safer places to park their money, says Bank of America.
: Biden declines to comment on Trump indictment as he heads to Mississippi town hit by tornado
President Joe Biden, traveling Friday to Rolling Fork, Miss., which was devastated by a tornado last week, did not weigh in on his predecessor’s indictment.
Economic Report: Chicago business activity index remains in contractionary territory for seventh straight month in March
The Chicago Business Barometer, also known as the Chicago PMI, inched up 0.2 index points to 43.8 in March. It was the first increase since December.
Economic Report: Consumer spending slows again in sign of more stress on the economy
Consumer spending rose by a scant 0.2% in February, a big slowdown from prior month that suggests households may have gotten more cautious.
Economic Report: Inflation softens in February, PCE finds, and gives more ammo for Fed rate-hike pause
The cost of U.S. goods and services rose by a milder 0.3% in February, perhaps a sign the Fed’s fight against high inflation is starting to show more progress.
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