Business

Rival EV makers will ‘have trouble keeping up’

Tesla (TSLA) bull Cathie Wood doesn’t see the EV maker’s recent price cuts as damaging the brand. Instead, they may be more of a problem for automakers trying to close the gap, she contended. “I think traditional auto manufacturers are going to have trouble keeping up with the price declines that Tesla’s technology is enabling,” …

Rival EV makers will ‘have trouble keeping up’ Read More »

Stocks and bonds rally as investors bet rates are close to peak levels

Investors piled into stocks and bonds on Thursday as they seized on signs that interest rates are close to peaking on both sides of the Atlantic. Stocks on Wall Street shot to their highest level since August, while government bonds in Europe staged their biggest one-day rally in years. In the US, the broad S&P …

Stocks and bonds rally as investors bet rates are close to peak levels Read More »

Meta Shares Soar Most Since 2013 on Zuckerberg’s Vision

(Bloomberg) — Meta Platforms Inc. is headed for its biggest single-day gain in almost a decade after Chief Executive Officer Mark Zuckerberg laid out plans to make the social media giant leaner, more efficient and more decisive. Most Read from Bloomberg Zuckerberg, who has spent the past year promising a faraway future in a digital …

Meta Shares Soar Most Since 2013 on Zuckerberg’s Vision Read More »

US weekly jobless claims drop to nine-month low; productivity gains speed

Weekly jobless claims drop 3,000 to 183,000 Continuing claims decreased by 11,000 to 1,655 million Productivity accelerates at a 3.0% rate in the fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as …

US weekly jobless claims drop to nine-month low; productivity gains speed Read More »

Slowing ad sales, an antitrust suit, and ChatGPT on deck

Google parent Alphabet (GOOG, GOOGL) will report its Q4 earnings after the bell on Wednesday as investors and analysts look for signs that the broader digital advertising market has hit its bottom. Here’s what Wall Street expects from the company, as compiled by Bloomberg, compared to how the company performed in the same period last …

Slowing ad sales, an antitrust suit, and ChatGPT on deck Read More »

Apple Stock Typically Gains After Earnings. That Could Change This Time.

Text size Apple reports earnings after the markets close on Thursday. Getty Images Apple reports earnings after the markets close Thursday, and after a quarter of problems for the tech company, investors may be concerned that the stock won’t perform as well as it has in the past. On average since 2007, the year the …

Apple Stock Typically Gains After Earnings. That Could Change This Time. Read More »

ECB and Bank of England hike interest rates again in fight with inflation

London CNN — Europe’s two largest central banks raised interest rates sharply on Thursday, opting for a bigger rise than the US Federal Reserve as inflation in the region remains near historically high levels. The European Central Bank (ECB) and the Bank of England both raised rates by another half a percentage point. Benchmark interest …

ECB and Bank of England hike interest rates again in fight with inflation Read More »

State Farm declares 105 Kia and Hyundai models ‘ineligible’ for new coverage in La.

State Farm insurance agents in Louisiana are no longer doing new business with owners of 105 blacklisted Kia and Hyundai models that are vulnerable to theft. NEW ORLEANS — Beginning January 25th, State Farm insurance agents in Louisiana are no longer doing new business with owners of 105 blacklisted Kia and Hyundai models that are …

State Farm declares 105 Kia and Hyundai models ‘ineligible’ for new coverage in La. Read More »

Tesla slashed its prices. We’re now seeing the consequences: NPR

A Tesla car is displayed at a showroom and service center for the auto maker in Amsterdam on Oct. 23, 2019. Tesla recently cut prices across the board, a move with big potential ramifications for the automaker as well as for the industry. John Thys/AFP via Getty Images hide caption toggle caption John Thys/AFP via …

Tesla slashed its prices. We’re now seeing the consequences: NPR Read More »