NEW YORK (TheStreet) -- Major U.S. stock markets were slipping Wednesday amid tepid Chinese economic data and a 14.5% drop in new-home sales.
A new report by the Treasury Inspector General for Tax Administration is unlikely to improve the picture. This latest watchdog report covers the payment of performance bonuses to IRS employees as well as various other incentives and award payments.
European shares edged down on Wednesday after three days of gains as signs of a still stuttering Chinese economy and rising worries about Ukraine offset a reassuring set of European economic numbers.
NEW YORK (MarketWatch) - U.S. stocks deepened losses after a pair of disappointing reports on manufacturing and the housing market, putting the S&P 500 and Nasdaq Composite on track to break their six-day winning streaks.
Delta Air Lines reported a net income of $213 million for the January-through-March quarter. Company stock was cleared for takeoff on the news: Shares climbed 4.3% to $36.46 in morning trading.