Markets / Wall Street

Stories about the financial markets

US warns of punitive actions for Lebanese blocking reforms

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BEIRUT — A senior U.S. official warned Thursday that Lebanese politicians who continue to block reforms in the crisis-hit country could face punitive actions...

Experts cut outlook for German growth amid 3rd pandemic wave

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FRANKFURT, Germany — Leading German economic institutes have slashed their growth forecast for 2021 as a slow vaccination rollout and a more contagious variant...

UnitedHealth ups forecast after strong start to year

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MINNETONKA, Minn. — UnitedHealth profits jumped about 44% in the first quarter and the nation's largest health insurer boosted its outlook for the year....

‘Hillbilly Elegy’ author J.D. Vance quits firm after tweets

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MOREHEAD, Ky. — “Hillbilly Elegy” author J.D. Vance has resigned from the board of a company that uses green technology to mass-produce food in...

Turkish central bank maintains key rate unchanged at 19%

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ANKARA, Turkey — Turkey’s central bank on Thursday kept a key interest rate unchanged at 19%, in its first rate decision since the surprise...

Syria devalues its local currency against the U.S. dollar

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BEIRUT — Syria devalued the official price of its local currency on Thursday two days after the central bank governor was sacked, state media...

A year after stocks soared, CEOs must show it was warranted

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NEW YORK — It's time to show the receipts, CEOs. For...

US urges Lebanese leaders to break political impasse

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BEIRUT — A senior U.S. official on Wednesday berated Lebanese politicians for fighting over the formation of a new government for months while millions...

Kohl’s names 3 new directors in deal with activist investors

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NEW YORK — Kohl’s Corp. says it's adding three independent members to its board of directors as part of an agreement it struck with...

Senate OKs tough former regulator as market watchdog chief

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WASHINGTON — The Senate has approved President Joe Biden’s choice of Gary Gensler to head the Securities and Exchange Commission, signaling an emphasis on...