Blog – Left Sidebar

Shares of Vroom Inc. rallied more than 12% in after-hours trading Wednesday after the online used-car retailer reported a narrower-than-expected first-quarter loss and sales that came above forecast, saying demand for its online car-buying model remains strong.

The Senate’s top Republican on Wednesday says there is a desire in both parties to make a deal on infrastructure, but stresses after a meeting with President Joe Biden that the GOP will reject tax increases to pay for it.

U.S. stock indexes closed sharply lower Wednesday, after a reading on inflation for the year to April climbed 4.2%, the highest rate in about 13 years, reigniting fears that the Federal Reserve may need to dial back its easy-money policies earlier than expected.