Latest Business News

How major US stock indexes fared Wednesday, 4/17/2024

Apr. 17, 2024 16:23 PM EDT

Sinking technology stocks sent Wall Street lower again, and the S&P 500 fell to its fourth straight loss. The index dipped 0.6% Wednesday for its longest losing streak since early January. The Dow Jones Industrial Average edged down by 0.1%, and the Nasdaq composite fell 1.1%....

Las Vegas Sands: Q1 Earnings Snapshot

Apr. 17, 2024 16:23 PM EDT

LAS VEGAS (AP) — LAS VEGAS (AP) — Las Vegas Sands Corp. (LVS) on Wednesday reported first-quarter net income of $494 million. On a per-share basis, the Las Vegas-based company said it had net income of 66 cents. Earnings, adjusted for non-recurring costs, came to 75 cents per...

Kinder Morgan: Q1 Earnings Snapshot

Apr. 17, 2024 16:22 PM EDT

HOUSTON (AP) — HOUSTON (AP) — Kinder Morgan Inc. (KMI) on Wednesday reported first-quarter earnings of $746 million. On a per-share basis, the Houston-based company said it had net income of 33 cents. Earnings, adjusted for non-recurring costs, came to 34 cents per share. ...

Brandywine Realty Trust: Q1 Earnings Snapshot

Apr. 17, 2024 16:21 PM EDT

PHILADELPHIA (AP) — PHILADELPHIA (AP) — Brandywine Realty Trust (BDN) on Wednesday reported a key measure of profitability in its first quarter. The results met Wall Street expectations. The Philadelphia-based real estate investment trust said it had funds from operations of...

Equifax: Q1 Earnings Snapshot

Apr. 17, 2024 16:20 PM EDT

ATLANTA (AP) — ATLANTA (AP) — Equifax Inc. (EFX) on Wednesday reported first-quarter earnings of $124.9 million. On a per-share basis, the Atlanta-based company said it had net income of $1. Earnings, adjusted for one-time gains and costs, were $1.50 per share. The...

Triumph Financial: Q1 Earnings Snapshot

Apr. 17, 2024 16:20 PM EDT

DALLAS (AP) — DALLAS (AP) — Triumph Financial, Inc. (TFIN) on Wednesday reported first-quarter profit of $4.2 million. On a per-share basis, the Dallas-based company said it had net income of 14 cents. The results did not meet Wall Street expectations. The average...

Alcoa: Q1 Earnings Snapshot

Apr. 17, 2024 16:19 PM EDT

PITTSBURGH (AP) — PITTSBURGH (AP) — Alcoa Corp. (AA) on Wednesday reported a loss of $252 million in its first quarter. On a per-share basis, the Pittsburgh-based company said it had a loss of $1.41. Losses, adjusted for one-time gains and costs, were 81 cents per share. ...

Biden vows to block US Steel acquisition by a Japanese company and promises tariffs on Chinese steel

Apr. 17, 2024 16:15 PM EDT

PITTSBURGH (AP) — President Joe Biden promised cheering unionized steelworkers on Wednesday that his administration would block the acquisition of U.S. Steel by a Japanese company and he called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over working-class votes...

United Airlines, Eli Lilly rise; JB Hunt, Travelers fall, Wednesday, 4/17/2024

Apr. 17, 2024 16:15 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday: ASML Holding NV, down $69.31 to $907.61. The semiconductor equipment supplier gave investors a disappointing revenue forecast for the current quarter. U.S....

CSX: Q1 Earnings Snapshot

Apr. 17, 2024 16:14 PM EDT

JACKSONVILLE, Fla. (AP) — JACKSONVILLE, Fla. (AP) — CSX Corp. (CSX) on Wednesday reported first-quarter profit of $893 million. The Jacksonville, Florida-based company said it had profit of 46 cents per share. The results exceeded Wall Street expectations. The...