Stocks close mixed; inventories higher than this time last year; rent growth outpaced wage growth since 2019; Uber, Lyft bookings rise.

Wholesale inventories tick down

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Markets end mixed; Core PCE inflation cools; Gap shares pop; Anchor Brewing finds buyer.

Feds preferred gauge of inflation cools

PCE inflation was at an annual rate of 2.7%; Cconsumer spending slowed in April to a 0.2% annual gain; eurozone inflation climbs to 2.6%; Saudi monarchy to sell $12 billion in shares of oil giant Aramco.

The Fed’s preferred inflation gauge holds steady

Markets fell; GDP revision shows slower economy; Boeing meets with FAA on safety plan; Salesforce loses fifth of value.

Markets retreat as GDP shows slowing economy

GDP grew 1.3%, as consumer spending on services held up; wholesale inventories advance 0.2%; Dollar Tree to reopen 99 Cents Only stores; initial jobless claims remain low.

Economic growth revised down for first three months of the year

Oil merger mania continues; American Airlines sees a dismal summer; Pee-Wee’s house is for sale.

Wholesale inventories tick down

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