Finance

The broad-based index and the Nasdaq both closed 0.3% higher as investors await this week’s key inflation data and June interest-rate decision. Southwest Airlines shares surged as an activist built a nearly $2 billion stake in the carrier.

Crowdfunded companies pull in cash through sleek social-media promotions and mentions of Elon Musk.

The move by American Airlines to reverse its direct-distribution strategy shows how some travel agents are here to stay.

Wild trading in stocks such as GameStop has once again captured the imaginations of individual investors, but the frenzy of YOLO trading hasn’t lifted the fortunes of the fund industry.

The activist has built a stake of nearly $2 billion in Southwest Airlines and plans to push for changes aimed at helping to fix the airline’s underperformance.