Wall Street slips on fears about downside of strong economy
Wall Street was slipping after a report Tuesday morning raised worries that the Federal Reserve may feel pressure to keep interest rates high.
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Wall Street was slipping after a report Tuesday morning raised worries that the Federal Reserve may feel pressure to keep interest rates high.
Wall Street is drifting following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking. The S&P 500 was 0.2% higher Tuesday
Choice Hotels has announced a bid to acquire rival Wyndham Hotels & Resorts for $7.8 billion. But it's far from a done deal.
Choice is confident it can sell its offer to Wyndham shareholders without the opinion of Wyndham executives.
Wyndham says its board is unanimously rejecting Choice Hotels' unsolicited buyout offer worth nearly $8 billion.