Wall Street advanced on Wednesday, notching a partial rebound from a three-day losing streak as investors searched for deals among stocks and sectors that might have been oversold amid recent ‌risk-off moves. All three major U.S. stock indexes gained ground, with the small-cap Russell 2000 outperforming its larger-cap peers, rising 1.1%. On the ‌sector level, airlines, gold and silver miners and regional banks were the frontrunners, while software and services, seen as potent

U.S. officials urged Group of 20 country finance leaders on Monday to push harder for economic growth as the best way to counter concerns over rising global debt levels. The two-day meeting in Asheville, North Carolina, comes as the ​global economy is being buffeted by an energy shock triggered by the Iran war, faces rising tensions over China’s huge goods trade surplus and is braced for how an investment surge ‌in AI will ultimately play out. Global debt levels ‌earlier this

A shipping container is taken off a truck at the Port of Virginia in Norfolk, Va., Aug. 13, 2024. The cost of diesel fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries. (Kristen Zeis/The New York Times) By ARUNI SONI When Randy Madden saw the way diesel prices were rising, he decided to delay purchasing the fuel that powers his 3,000-acre farm in Iowa. Except prices are at around th

The U.S. Securities and Exchange Commission has taken a step toward eliminating its requirements for shareholder proposals at public companies and ​giving new powers to states, a shift that would diminish the influence of investor activists. In a regulatory ‌notice dated Friday, the SEC ‌said it would consider changes to the rule known as 14a-8. It establishes requirements for shareholder proposals in public companies’ annual proxy statements including minimum ownership. Via

By REBECCA F. ELLIOTT, ANATOLY KURMANAEV and EDWARD WONG The Trump administration’s highly unusual deal to develop Venezuela’s vast oil resources would have the U.S. government collaborate with an influential and polarizing Venezuelan businessperson. Under the deal that President Donald Trump announced late Friday, the United States would work with Alejandro Betancourt López, whose family controls Venezuela’s second largest private oil producer, North American Blue Energy Par

Investors were heartened on Friday ⁠by ⁠new Federal Reserve Chair Kevin Warsh’s stated resolve to tame ⁠high inflation, but many on Wall Street remained unclear about how the U.S. central bank will react to economic changes in the months ​ahead. In a highly anticipated speech, Warsh said the central bank will “have work to do” if policymakers are not confident that underlying inflation is returning to its 2% target. He also indicated financial conditions do not appear ‌restri

A focus group of teens in Santa Monica, Calif., Nov. 30, 2015. Meta said it would change how teenagers use Instagram and Facebook as part of a landmark settlement with 47 states, the District of Columbia and U.S. territories. (Jake Michaels/The New York Times) By ELI TAN Meta said this week that it would change how teenagers use Instagram and Facebook as part of a landmark settlement with 47 states, the District of Columbia and U.S. territories over social media addiction cla

A sign at the entrance to Meta’s headquarters in Menlo Park, Calif., Jan. 7, 2025. Meta on Wednesday reached a landmark settlement with 47 states, the District of Columbia and U.S. territories, agreeing to pay up to $17.1 billion in penalties and make major changes to its products over claims it endangered children with addictive social media platforms. (Jason Henry/The New York Times) By EMMY MARTIN The headline figure for Meta on Wednesday was $17.1 billion in penalties. Th

The New York Stock Exchange has opened a new regional headquarters in Dallas, joining Wall Street’s expedition to the financial ​boomtown known as Y’all Street. A number of large companies are relocating their headquarters to Texas, drawn ‌by lower taxes, business-friendly regulations ‌and a growing talent pool. The NYSE said on Thursday that Texas Governor Greg Abbott was scheduled to ring the NYSE Texas closing bell at the offices on ​a live broadcast. “The establishment

The Open Call PR initiative is aimed at helping local entrepreneurs, including agricultural producers, grow their businesses while expanding the availability of Puerto Rican products in Walmart stores. By THE STAR STAFF Walmart Puerto Rico is launching a new edition of its Open Call PR program as part of an effort to increase its annual investment in products made, processed, distributed or harvested on the island. The initiative is aimed at helping local entrepreneurs grow