Wall Street ends week higher as markets eye Fed signals
Stocks rise modestly to cap a fourth straight winning week as investors await next week's inflation reports and Federal Reserve rate decision. The S&P 500 gains 0.1 percent to 4298.86, the Dow adds 43 points, and the Nasdaq climbs 0.2 percent to 13259.14. Analysts warn inflation remains stubborn and a recession could be delayed, not avoided, with Fed policy likely to stay restrictive.
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New York
Wall Street
U.S
Federal Reserve
Fed
Amanda Agati
PNC Asset Management Group
Agati
Paxton scandal figure Nate Paul charged with loan fraud
Nate Paul, real estate developer linked to the impeachment of Texas Attorney General Ken Paxton, was indicted on eight counts of making false statements to mortgage lenders to obtain 172 million in loans. The charges allege overstated assets and understated liabilities in 2017 and 2018, with trials and possible penalties up to 30 years per count.
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Texas
Ken Paxton
Nate Paul
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Gerry Morris
Dan Cogdell
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Senate
Bipartisan FAA bill eyes weaker full airfare rule and pilot training changes
Lawmakers released a 773 page FAA reauthorization proposal that would let airlines advertise base airfare with a link to all in price. The bill also adopts 250 simulator hours toward the 1500 hour requirement, expands wheelchair accessibility provisions, and adds cockpit video recorders amid mixed pilot and consumer reactions.
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Rick Larsen
D-Wash
Senate
William McGee
American Economic Liberties Project
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Air Line Pilots Association
United Airlines
Thompson
Colgan
Larsen
Transportation Committee
Sam Graves
Missouri
Inexpensive Purifier Idea Gains Popularity in the Northeast
Corsi aims to create a low cost purifier for average Americans and now hears from Northeast friends adopting the idea. Syracuse resident Liz Hradil says smoke irritants faded after about 30 minutes using a Corsi Rosenthal box found online, after Lowe's filters and a fan were purchased. She posted a photo online and noted the invention felt genius to her New York friends who had not heard of it.
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Corsi
Northeast
Liz Hradil
Syracuse
New York
Corsi-Rosenthal
Lowe's
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