Activision Blizzard to start ‘good faith’ talks with QA employees who chose to unionize
Activision Blizzard Inc. Chief Executive Bobby Kotick sent a letter to employees Friday, after a majority of quality assurance (QA) employees at subsidiary Raven Software...
Dow drops almost 600 points as U.S. stocks fall sharply Friday morning on surging inflation
All three major stock benchmarks were trading sharply lower Friday morning after government data showed inflation surged more than expected in May to the highest...
All 30 Dow stocks fall, with Goldman and Home Depot stocks the biggest drags
All 30 components of the Dow Jones Industrial Average are falling Friday, as data showing inflation continued to surge fueled another broad-market selloff. The Dow's...
Economists at Barclays now expect Fed to surprise markets with 75-basis-point hike next week
Economists at Barclays said they now expect the central bank to deliver a 75-basis-point rate increase at the monetary-policy meeting on June 14-15. They said...
Garmin raises dividend to boost yield to nearly 3%
Garmin Ltd. said Friday that is shareholders have approved an annual dividend of $2.92 a share, up 9% from the previous dividend of $2.68 a...
SPAC Freestone Acquisition drops plan for an IPO a year after initial filing
Freestone Acquisition, a special purpose acquisition company (SPAC), has filed Friday to withdraw its registration for an initial public offering, about a year after initially...
Jefferies economists also call for 75 basis point Fed rate hike next week
Economists at Jefferies, like those at Barclays, now expect the Federal Reserve to hike by 75 basis points at the June 14-15 policy meeting "as...
Gold books best day in a week Friday, as hot inflation data rattles Wall Street
Gold prices soared on Friday after May inflation data came in hot, shattering hopes that high costs of living in the U.S. might be buckling...
Dow skids nearly 900 points Friday, stocks book sharp weekly losses after hot inflation reading
Major U.S. stock indexes finished sharply lower Friday, after a May reading of inflation showed no signs of a slowdown in high costs of living....