Lawmakers Say Infrastructure Deal Within Reach

Bipartisan Senate negotiators are working through transit funding and other issues that have bogged down talks on a $1 trillion infrastructure package.

Nasdaq, Tech Stocks Lead Market Lower

U.S. stocks slipped from records, breaking a five-session winning streak for all three major indexes.

Credit Suisse Expected to Publish Details of Archegos Failures

The report could come as soon as Thursday and is likely to focus on the bank's risk management unit, human errors in judgment and unheeded risk in concentrated positions.

Vaccination Rates Drive Global Economic Growth Prospects, IMF Says

The global economic outlook is diverging based largely on how well countries are rolling out Covid-19 vaccinations, according to new forecasts by the International Monetary Fund.

U.S. Durable-Goods Orders Advanced in June

New orders for products meant to last at least three years increased 0.8% to a seasonally adjusted $257.6 billion in June as compared with May.

Is Tesla the Meme Stock of Yesteryear?

Just as Elon Musk's firm begins to look fundamentally more solid, investors have moved on to other speculative objects.

Australian Inflation Rises, But Jump Likely to Be Temporary

Australian consumer prices rose 0.8% in the second quarter, fanned by rising fuel costs.

U.S. Home-Price Growth Rose to Record in May

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas, rose 16.6%, the highest annual rate of price growth since the index began in 1987.

Commercial-Property Sales Volume Returns to Prepandemic Levels

The recovery has been fueled by historically low interest rates and the belief of many investors that the worst of Covid-19 is over.