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Money & Markets

S&P 500 closes out dismal year with worst loss since 2008

Wall Street capped a quiet day of trading with more losses Friday, as it closed the book on the worst year for the S&P 500 since 2008. The benchmark index finished with a loss of 19.4 percent for 2022, or 18.1 percent, including dividends. It’s just its third annual decline since the ...

Biden signs $1.7 trillion bill funding government operations

KINGSHILL, U.S. Virgin Islands — President Joe Biden on Thursday signed a $1.7 trillion spending bill that will keep the federal government operating through the end of the federal budget year in September 2023, and provide tens of billions of dollars in new aid to Ukraine for its fight ...

Rocky ride: Tesla stock on pace for worst year ever

LOS ANGELES — Owning Tesla stock this year has been anything but a smooth ride for investors. Shares in the electric vehicle maker are down nearly 70 percent since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks. By comparison, the ...

States banking big bucks as Fed attempts to fight inflation

JEFFERSON CITY, Mo. — State governments emerging from the coronavirus pandemic built historic cash surpluses as inflation in prices and wages drove up sales and income tax collections. Now many states are reaping another reward: banking millions of dollars off those surpluses as the Federal ...

Wall Street points modestly higher ahead of inflation report

Wall Street pointed slightly higher in premarket trading Friday as investors await the government’s final inflation-related report of the year. Futures for the S&P 500 rose 0.2% and futures for the Dow Jones Industrials were up 0.3%. On tap Friday is the Commerce Department’s ...

Senate passes $1.7 trillion bill to fund gov’t, aid Ukraine

WASHINGTON — The Senate passed a massive $1.7 trillion spending bill Thursday that finances federal agencies through September and provides another large round of aid to Ukraine one day after Ukrainian President Volodymyr Zelenskyy’s dramatic address to a joint meeting of Congress. The ...