NewsWatch: Stocks shed gains as sharp swings persists; major indexes poised for big weekly drops


U.S. stocks struggle to retain gains on Friday, retreating from opening highs in the latest example of choppy intraday action as investors adjust to an economic environment marked by the possibility of both higher inflation and borrowing costs. See full story.

Amazon to launch delivery service that competes with FedEx, UPS

Amazon is preparing to launch a delivery service for businesses to compete directly with UPS and FedEx. See full story.

Congress votes to approve 2-year budget deal and end government shutdown

The House of Representatives voted early Friday for a two-year budget deal that raises both defense and domestic spending by hundreds of billions of dollars, approving a package that would also reopen the federal government after it shut down just past midnight Thursday.

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