Stocks slide into the weekend after sentiment, inflation data: Stock market news today

Stocks were sliding on Friday with all three major indexes set to log gains both for the session and the week. Near 1:15 p.m. ET, the S&P 500 (^GSPC) was off more than 0.5%, the Dow Jones Industrial

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US Urges Recall of 67 Million Air Bag Parts in Safety Mess

US regulators are urging a recall of 67 million air bag inflators they say could explode in a crash, a major escalation of a safety issue that has plagued the auto industry for years.

Elon Musk announces Linda Yaccarino as new Twitter CEO

Ex-NBCUniversal advertising executive Linda Yaccarino will take over as CEO of Twitter, Elon Musk said on Friday. Musk, who runs Tesla and Space X, said a day prior that he plans to transition to a

Dow Jones Today: Index Drops on Consumer Concern

The Dow was the worst-performing index of the week, falling about 1.5%. Data indicating inflation, poor consumer sentiment helped stoke investor worries. Nike was the worst-performing Dow stock, with

Goolsbee Sees Signs Fed Can Avoid Sparking a Recession With Rate Hikes

The Federal Reserve sees signs that it can avoid triggering a recession in the US even as it has raised interest rates aggressively to put the brakes on inflation, Chicago Fed President Austan

Nasdaq in line for fresh 9-month high amid hopes Fed rate hikes are at an end

Wall Street was looking to extend its latest gains, with the tech-heavy Nasdaq Composite in line for a fresh nine-month high.

Regulators find ‘unacceptable’ flaws in audit papers for Chinese companies listed on U.S. exchanges

U.S. regulators have released inspection reports of Chinese auditors. They found "unacceptable rates" of deficiencies in the audit process.

PacWest Tumbles As Bank Reports $1.8 Billion Deposit Flight; Regional Bank Stocks Slide

"News headlines increased our customers fears of the safety of their deposits," PacWest said in an SEC filing.

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