Markets slip after early rally as earnings loom
Stocks closed lower on Monday with the S&P 500 down 0.8 percent, the Dow off 0.7 percent, and the Nasdaq falling 0.8 percent as markets weighed earnings season and rising rates. Goldman Sachs rose on better than expected spring profit. investors eyed guidance amid inflation risks and Fed rate expectations.
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GM chief reaffirms Detroit RenCen as HQ home
GM CEO Mary Barra told The Associated Press the automaker will keep its headquarters in Detroit at the Renaissance Center. She noted future changes could occur as hybrid work models evolve and emphasized maintaining office collaboration to preserve corporate culture.
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Berlin Hints Turbine Installations Tie to Nord Stream 1 Flow
Germany says a turbine at the Nord Stream 1 center was only to be installed in September, stressing no technical barrier to gas. Gazprom cites force majeure for past shortages, a claim rejected by Germany's largest Russian gas importer. Analysts see uncertain future deliveries as Gazprom cut supplies by 60 percent, blaming Siemens Energy equipment overhaul and sanctions.
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the Market IN Review
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