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U.S. Construction Spending Misses Analyst Forecasts

By Kirk MaltaisU.S. construction spending rose in May, but not by as much as expected by surveyed analysts, according to the latest report from the Census Bureau.In its monthly report published Wednesday, the agency said spending on building projects came in at a seasonally adjusted rate of $2.21 t…

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Economy
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Meta Platforms Shares Rise on Reported Plans to Launch a Cloud Business

By Katherine HamiltonMeta Platforms shares rose on a report from Bloomberg that the technology company is building a cloud infrastructure business.The stock gained 9% to $613.65 on Wednesday morning. Shares are still down 7% this year.Bloomberg reported that Meta is developing plans for a business…

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StocksUS
NEWS dow-jones

Eurozone's Risks to Inflation, Growth Are Now More Balanced, Lagarde Says

By Ed Frankl and Don ForbesRisks to the eurozone's inflation and economic growth are more balanced after the decline in energy prices in the last month, European Central Bank President Christine Lagarde said Wednesday."Risks...that we had to the upside on inflation and to the downside of growth are…

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Economy
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PlayStation to Stop Physical Disc Production January 2028

By Grace YoonSony Interactive Entertainment said it would discontinue its PlayStation physical disc production for all new games released on consoles, effective January 2028.Following this date, new games will be available on PlayStation Store and at retailers in digital format only. The change wil…

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StocksJP
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Talos Energy Shares Rise After Subsidiary Starts $800M Notes Offering

By Chris WackTalos Energy shares rose after the company's production subsidiary began an offering of $800 million second-priority senior secured notes due 2034.The stock was 6.6% higher at $13.76, and is up 25% so far this year.The energy company said it intends to use the proceeds from the offerin…

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corp_bondStocksUS
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Hogs Up Even as Slow Time for Pork Demand Arrives — Market Talk

Most-active lean hog futures on the CME are up 0.4% in early trading. Hog futures have risen the last two sessions. But the upside may be limited due to typical seasonality. "July is a slow time of the year for pork demand," says ADM Investor Services in a note. "Consumers are not putting loins and…

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Futures
NEWS dow-jones

More Homebuyers Coming Out as Asking Prices Drop — Market Talk

1022 ET - Asking prices fell 2.5% year-over-year in June, Realtor.com says, the eighth consecutive month of decreases. Pending sales rose 3.7% year-over-year for the seventh straight month of growth. For the first time in 26 months, homes spent no more time on market than they did a year earlier, a…

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CryptoFuturesStocksUS
dow-jones

More Homebuyers Coming Out as Asking Prices Drop — Market Talk

Asking prices fell 2.5% year-over-year in June, Realtor.com says, the eighth consecutive month of decreases. Pending sales rose 3.7% year-over-year for the seventh straight month of growth. For the first time in 26 months, homes spent no more time on market than they did a year earlier, a further i…

Dow Jones Newswires en
Economy
NEWS dow-jones

More Homebuyers Coming Out as Asking Prices Drop — Market Talk

1022 ET - Asking prices fell 2.5% year-over-year in June, Realtor.com says, the eighth consecutive month of decreases. Pending sales rose 3.7% year-over-year for the seventh straight month of growth. For the first time in 26 months, homes spent no more time on market than they did a year earlier, a…

Dow Jones Newswires en
EconomyForex

Space Stocks Get a Lift from NASA Contracts

By Connor HartShares of Firefly Aerospace, Intuitive Machines and Voyager Technologies rose after NASA awarded new contracts to deliver equipment to the Moon, as the agency works to build a lunar outpost.Firefly Aerospace's stock gained 1.1% on Wednesday to $29.73. Shares of Intuitive Machines tick…

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