Restaurant chain slashes dividend as it reports fewer diners, says it had to close stores this quarter

Vanguard is moving closer to BlackRock’s top ranking in U.S. exchange-traded-fund assets.

The Dow Jones Industrial Average trades above 40,000 for first time ever on Thursday, but fails to finish above the milestone.

Momentum has taken over the moment.

The chip-equipment company’s revenue outlook exceeded expectations at the midpoint.

The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on inflation.