: Debt-ceiling meetings ‘productive’ as Biden, leaders set to reconvene next week: White House
The White House on Friday characterized discussions over the U.S. debt ceiling as “productive,” as President Joe Biden and congressional leaders were set to meet...
: Oil futures finished lower for the session, with U.S. prices down nearly 2% for the week
Oil futures declined on Friday, with U.S. prices losing almost 2% for the week. “Besides contending with the prospects of a recession, oil prices were...
Market Extra: Treasury bills, epicenter of market’s debt-ceiling worries, reflect doubts about a resolution
Kazuhiro Nogi/Agence France-Presse/Getty ImagesWorries about whether a U.S. debt-ceiling resolution can be reached were reflected in volatile trading of short-term government bills, with investors and...
: Starboard more than doubles Splunk position, opens new one on Rogers
Hedge fund Starboard Value LP more than doubled its position of cloud-software company Splunk Inc. SPLK, while opening a new position on circuit-materials and ceramics...
: S&P 500 logs first back-to-back weekly losses since February as stocks finish lower
U.S. stocks finished lower on Friday, with both the S&P 500 and Dow Jones Industrial Average cementing their second weekly loss in a row. For...
: Luminar CEO Austin Russell to buy majority stake in Forbes: WSJ
Luminar Technologies Inc. LAZR Chief Executive Austin Russell told The Wall Street Journal on Friday that he is buying an 82% stake in Forbes. The...
: GM to recall nearly 1 million SUVs due to air-bag issue: Reuters
General Motors Co. GM said it would recall nearly 1 million SUVs in the U.S. due to a defect that risked causing the front driver’s...
Elon Musk hires ex-NBCUniversal ad chief Linda Yaccarino to be Twitter’s CEO
Twitter has suffered a rapid decline in advertising revenue since Elon Musk took over the social media platform last year.
Sony’s faith-based streaming service merges with Hallmark rival Great American Media
Sony's faith-based streaming service Pure Flix is merging with Great American Media, the owner of rival networks to the Hallmark Channel.