Finance

U.S. stocks stalled in midday trading Tuesday as investors await updates on oil output at a damaged Saudi Aramco facility and look ahead to a key interest rate decision from the Federal Reserve. Energy companies gave back some of Monday’s gains as the price of oil retreated. U.S. oil dropped 4.7% to $59.93 a barrel, […]

The Federal Reserve had to step into financial markets on Tuesday to keep interest rates from rising above its target, the first time the central bank has had to carry out this type of “market operation” since the global financial crisis. The Federal Reserve Bank of New York had to spring into action to keep

Kraft Heinz Co. shares are sliding after one of the company’s top investors sold 25 million shares. 3G Capital — a Brazilian private equity firm — reduced its stake in the company by 9%. 3G remains the company’s second-largest shareholder. 3G partnered with Berkshire Hathaway Inc. to combine Kraft and Heinz in 2015. But the

WeWork is pushing back its public debut with investor confidence in the office share company once valued at around $47 billion appearing to grow shaky. Wall Street had expected WeWork to begin a road show to market its shares as early as next week. The company said recently that those shares would be listed on

For months, American consumers have kept the economy humming. While businesses pulled back, shoppers continued to spend. But a prolonged surge in gasoline prices after the attacks on oil production facilities in Saudi Arabia could undermine that phenomenon and increase the risk of a recession. “It’s clearly not a positive, and it adds a negative

Shares were mixed in Asia on Tuesday, led by declines in Chinese benchmarks after the credit ratings agency Moody’s downgraded Hong Kong, citing the city’s recent political turmoil. The U.S. and international benchmarks for crude fell back slightly after vaulting more than 14% overnight after an attack on Saudi Arabia’s largest oil processing plant. Japan’s

Small manufacturers and retailers are losing confidence in the national economy yet remain upbeat about their own prospects. That’s the finding of a third quarter survey of 1,000 companies released last week by the U.S. Chamber of Commerce and MetLife. Sixty-three percent of manufacturing companies surveyed were optimistic about the economy, down from 69% in

Talks continued into the night but there was no end to the strike against General Motors. The walkout by upward of 49,000 United Auto Workers members has brought to a standstill more than 50 factories and parts warehouses in the union’s first strike against the No. 1 U.S. automaker in over a decade. Workers left

DETROIT — A decade ago, when General Motors was on the brink of collapse and was ushered into bankruptcy by the federal government, the company’s unionized workers bore a significant portion of the pain to bring the automaker back to financial health. The United Auto Workers agreed to allow General Motors to hire significant numbers

The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower Monday as a spike in oil prices raises fresh worries about the strength of the global economy. The U.S. and international benchmarks for crude oil each rose more than 14% after a weekend attack on oil facilities in Saudi