Closing BellThese are grim times for the S&P 500. The benchmark index is now more than 10% off its high for the year, joining the Nasdaq in correction territory, and it's on its way to a third consecutive month in the red, which it hasn't done since 2020. Whether things can turn around will depend a lot on some major developments this week.
Mary Barra, Chair and CEO of the General Motors Company , speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.– to a deal with the United Auto Workers that would end a six-week targeted strike. Instead, surprising many, it wasin achieving a tentative agreement with the union. Instead, the UAW expanded its targeted strikes at GM to an assembly plant in Spring Hill, Tennessee. We'll see if that will push things over the finish line for the company.
at different times and locations across the country. It could affect hundreds of stores, one of the organizers told CNBC's Annika Kim Constantino. Representatives for both Walgreens and CVS said they are working to support their staffers and address their concerns.President Joe Biden on Monday issued an executive order directed at artificial intelligence, as his administration aims to take on a sweeping array of issues with the rapidly developing and increasingly popular technology.