Markets

The House will vote Friday on the Strategic Production Response Act, which would boost U.S. oil and gas production in response to drawdowns of the Strategic Petroleum Reserve.

Customs and Border Protection is scrutinizing imports from China's Xinjiang region under the Uyghur Forced Labor Prevention Act. Solar panels are the most commonly flagged product.

Xerox CEO Steven Bandrowczak discussed the company's plans for growth and how AI paired with augmented reality will help customers become more successful.

SAP will be slashing its headcount by roughly 2.5%, the Germany-based software company announced as it posted its fourth-quarter earnings on Thursday. 

Bed Bath & Beyond has filed with the SEC stating they do not have available resources to pay outstanding debt and will consider a variety of strategic alternatives including further cost reductions and bankruptcy.

Sam's Club announced Thursday that it will deepen its physical footprint by opening up more than 30 new clubs across the nation and new distribution and fulfillment centers.

The latest GDP report from the Bureau of Economic Analysis tells us that the U.S. economy is slowing down. While the Biden White House wants to spin the numbers, they are not good.

Northrop Grumman CEO Kathy Warden highlighted the recently revealed B-21 Raider stealth bomber during the company’s fourth-quarter earnings call on Thursday.

Security concerns from the war in Ukraine to China's aggression in the Far East has prompted U.S. arms sales to surge by nearly 50 percent during the 2022 fiscal year.

Gov. Ron DeSantis hopes to solve the insurance crisis that has plagued Florida. Louisiana had more than 20 companies collapse or leave because of devastating storms.

While China’s luxury shoppers are free to travel to other countries, many are buying locally instead at Hainan, a tax-free island with a shopping center is dedicated to duty-free stores.

Tech sector layoffs continue, as SAP announced they plan to cut about 3,000 employees on Thursday, a day after IBM announced they will lay off nearly 3,900 workers.

Fast-casual restaurant chain Chipotle announced plans to hire 15,000 employees before its busiest season. The company is continuing its accelerated expansion plans.

December purchases of new homes rose 2.3% as mortgage rates began to normalize, offering hope the housing market is recovering from the Fed rate hikes.

Mortgage rates continue cooling off as optimism reigns that the Federal Reserve will loosen its fight on inflation. Home buyers optimistically return to the market.