US close: Stocks rise on softening producer inflation
Wall Street ended Thursday’s trading session positively, driven largely by a more restrained reading of producer price pressures.
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Wall Street ended Thursday’s trading session positively, driven largely by a more restrained reading of producer price pressures.
Wall Street marked its first positive closing in four sessions on Monday, as market participants turned their eyes to the forthcoming inflation data and girding themselves for earnings season.
DISH Network Corp (NASDAQ: DISH) Chair Charlie Ergen is weighing the merger of the two halves of his telecom empire, Dish and EchoStar Corp (NASDAQ: SATS). The companies have engaged advisors, Reuters cites familiar sources. In 2008, EchoStar Communications, which Ergen founded as a satellite television equipment distributor in 1980, changed its name to Dish Network and spun off its technology arm as a new company named EchoStar. Currently, Ergen is desperate to sell some of Dish's assets, tryin
Reuters TikTok's Entry into Music Streaming Sector Raises Concerns for Spotify's Market Share Spotify Technology S.A. (NYSE: SPOT) could be up for a rough ride as ByteDance Ltd-owned short-video company TikTok shared plans to launch a new music streaming service in Brazil and Indonesia. Previously ByteDance said it would stop its existing music streaming service Resso as of September 5 in both countries and maintain its operations only in India. Last year reports suggested ByteDance was eyeing e
Wall Street saw a slight uptick in its major stock indices on a short-but-sweet Monday, as markets closed early ahead of the July 4th holiday.