Dow Jones finishes with third straight day of losses, S&P 500 books slight gain
U.S. stocks finished mixed on Wednesday as investors weighed remarks...
U.S. stocks finished mixed on Wednesday as investors weighed remarks from Fed Chairman Jerome Powell against strong U.S. economic data that suggests the need for higher-for-longer interest rates.
The Dow Jones Industrial Averagefinished down by 43.10 points, or 0.1%, at 39,127.14 for its third straight session of losses, based on preliminary data. It had been up by as much as 135.52 points earlier in the day.
The S&P 500closed up by 5.68 points, or 0.1%, at 5,211.49 for its first advance in three sessions.
The Nasdaq Compositeended up by 37.01 points, or 0.2%, at 16,277.46.
The amount of gross production tax revenue from Oklahoma’s oil and...
The amount of gross production tax revenue from Oklahoma’s oil and gas production took another hit in March. State Treasurer Todd Russ reports the tax totaled $1.12 billion, down $901.2 million or 44.6% for the same 12-month period. He said total tax receipts for the past year through March came to $16.85 billion, a decline of 4.5% or $787 million.
Compared to February, Oklahoma’s gross receipts totaled $1.34 billion, up $153.33 million or 12.9% from February. While oil and gas gross production tax revenue was down more than 12%, motor vehicle taxes increased by $8.9 million or 11.7%.
The Tropicana closed its doors yesterday, marking an end to the third-oldest hotel-casino in Las Vegas, with ties to the Mafia and celebrities.
Opened in 1957, the Tropicana was operated by an associate of mob boss Frank Costello. Costello was further tied to the resort when he was shot in New York carrying a paper with the resort's earnings. In the 1970s, the Tropicana was one of several hotels named in a mob plot to skim collectively $2M in gambling revenue from casinos.
The Tropicana, also known as the "Tiffany of the Strip," cost $15M to build—the most expensive Las Vegas resort at the time—and was frequented by celebrities including Elizabeth Taylor and Frank Sinatra. Parts of “The Godfather” and the James Bond franchise were filmed at the resort. See photos of the Tropicana here.
Huge earthquake rocks Taiwan. A 7.4 magnitude earthquake,...
Huge earthquake rocks Taiwan. A 7.4 magnitude earthquake, Taiwan’s strongest in 25 years, struck the island early Wednesday, damaging dozens of buildings, roads, and bridges and killing at least seven people. Taiwan Semiconductor Manufacturing, the world’s top producer of advanced chips, evacuated some of its plants, but employees later returned to work. It was the most powerful earthquake to hit Taiwan since 1999, when a 7.7-magnitude quake killed more than 2,000 people.
GE completed its three-way split, breaking its aerospace, energy, and healthcare businesses into three separate companies.
Amazon is giving up on its cashierless “Just Walk Out” technology at its grocery stores.
Germany is redesigning its Adidas national soccer team jerseys after claims that the number “44” resembled Nazi imagery.
Bill to end new drilling by 2030 defeated in Colorado
Colorado's Senate Agriculture...
Colorado's Senate Agriculture and Natural Resources Committee has voted against a proposal to ban new oil and natural gas drilling by 2030, citing concerns about economic repercussions despite acknowledging climate change. The bill faced opposition from the oil and gas industry, as well as local and county governments.