Markets / Wall Street

Stories about the financial markets

Longtime Southwest CEO will step down next year

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DALLAS — Southwest Airlines said Wednesday that longtime CEO Gary Kelly will step down in February and be succeeded by another veteran at the...

Supreme Court: Mortgage overseer structure unconstitutional

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WASHINGTON — The Supreme Court on Wednesday ruled that the structure of the agency that oversees mortgage giants Fannie Mae and Freddie Mac violates...

Yellen: Failure to raise debt limit would be ‘catastrophic’

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WASHINGTON — Treasury Secretary Janet Yellen told a congressional panel Wednesday that failing to raise the federal debt ceiling would have “catastrophic consequences” that...

Biden nominates Cindy McCain to UN food and agriculture post

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President Joe Biden is nominating Cindy McCain to be the U.S. representative to the United Nations Agencies for Food and Agriculture, one of 17...

GameStop raises almost $1.13B in latest stock offering

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GameStop raised more than $1 billion in its latest stock sale, capitalizing on a newly arrived and fervent army of online investors. ...

Moderna’s president talks COVID-19 and vaccine technology

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Soon after a new coronavirus began spreading around the world, little-known vaccine developer Moderna began working with the U.S. National Institutes of Health to...

In times of crises, Lebanon’s old must fend for themselves

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BEIRUT — Tiny and bowed by age, Marie Orfali makes the trip five times a week from her Beirut apartment to the local church,...

Lebanon raises price of bread amid crippling economic crisis

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BEIRUT — Lebanon’s economy ministry on Tuesday raised the price of subsidized bread for the fifth time in a year amid the tiny country’s...

France’s showdown against Portugal at Euro 2020 lacks punch

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BUDAPEST, Hungary — France advanced without kicking a ball, and Portugal can move on as well even with a loss on Wednesday. ...

Europol: Extremists sought to use pandemic to spread hate

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THE HAGUE, Netherlands — Extremists sought to use the global pandemic to “spread hate propaganda and exacerbate mistrust in public institutions” in 2020, the...