Matthew Kazin

Stocks reversed earlier gains and closed lower on Wednesday, a day after Wall Street snapped its three-day losing streak.

Stocks bounced back on Tuesday morning following a prior session that saw the Dow Jones Industrial Average fall more than 1,000 points in its worst day since 2022.

U.S. stock futures tumbled on Monday as U.S. recession fears caused turmoil throughout the global markets. Japan's Nikkei 225 had its worst day since 1987.

Boeing named aerospace industry veteran Robert "Kelly" Ortberg as its new CEO as the airplane manufacturer seeks to rebuild trust with regulators and the public.

McDonald’s will begin selling Krispy Kreme Doughnuts nationwide by the end of 2026, both chains announced on Tuesday. Three flavors of Krispy Kreme Doughnuts will be delivered to McDonald’s restaurants daily as part of the expanded partnership – the original glazed, chocolate iced with sprinkles and chocolate iced “kreme” filled – and will be available individually or in boxes of six. The sweet treats will be sold from breakfast and last throughout the day, while supplies last, the companies sai…

European regulators hit Apple with a nearly $2 billion antitrust fine on Monday for “abusive” App Store rules related to music streaming providers. The European Commission said it found that Apple banned music streaming app developers from fully informing iOS users about alternate and cheaper music subscription services. “For a decade, Apple abused its dominant position in the market for the distribution of music streaming apps through the App Store,” EU antitrust chief Margrethe Vestager said i…

Tony Spring, the current chairman and CEO of Bloomingdale’s, will replace 61-year-old Jeff Gennette as chief executive of Macy’s in February of next year.

The number of Americans filing for unemployment benefits fell last week.

ByteDance, the Chinese parent company of TikTok, has chosen Oracle to be its U.S. technology partner in the U.S. after Microsoft announced the Chinese company would not sell its American operations of the social video app to the American tech giant. Oracle, on Monday, confirmed its bid was submitted with ByteDance to the Treasury Department. Oracle shares jumped on the news, Microsoft shares also traded higher. TRUMP SAYS THERE WILL BE NO EXTENSION OF TIKTOK DEADLINE “ByteDance let us know toda…

It marks the 18th week in a row that initial claims came in above 1 million.