Stocks close day, week higherA Friday rally on the back of new economic data left stocks positive on the both the day and week when markets closed.The Dow ended up 2.1% on the day and 1.5% on the week.Meanwhile, the S&P 500 gained 2.3% Friday and 1.5% in the week.The Nasdaq posted the biggest daily…
Posts published in “Finance”
Tesla electric cars in Germany on March 21, 2022.Sean Gallup | Getty Images News | Getty ImagesTesla just published its fourth-quarter vehicle production and delivery report for 2022.Here are the key numbers.Total deliveries Q4 2022: 405,278Total production Q4 2022: 439,701Total annual deliveries 2022: 1.31 millionTotal annual production 2022: 1.37 millionDeliveries are the closest approximation of…
Beijing CNN — For much of the pandemic, images of overflowing hospitals and busy funeral homes from the United States have featured heavily on China’s state-controlled television, where the deaths of over a million Americans from Covid is depicted as a gross failing of Western democracy. Now, as an unprecedented wave of infections rips through…
Dec 17 (Reuters) - Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire's plane.The reinstatements came after the unprecedented suspensions evoked stinging criticism from government officials, advocacy groups and journalism organizations from several parts of the globe on Friday,…
Stocks close out sharply lower Stocks closed out sharply lower Thursday as investors feared the Federal Reserve's relentless interest rate hikes are tipping the economy into a recession.The Dow Jones Industrial Average fell 764 points, or 2.25%, in its worst day since September as hopes for a year-end rally diminished. The S&P 500 dropped 2.49%,…
Xi says summit with Gulf, Arab League is 'milestone'U.S. wary of growing Chinese influence in Arab worldArabs defy U.S. pressure to limit China ties, cut off RussiaSummits showcase Saudi Crown Prince Mohammed as key leaderRIYADH, Dec 9 (Reuters) - President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil…
House Financial Services Committee Chairwoman Maxine Waters said in a tweet on Wednesday that a subpoena for FTX CEO Sam Bankman-Fried to testify "is definitely on the table" at a Dec. 13 hearing about the dive bomb his crypto exchanged experienced last month, despite reports indicating she had no plans to subpoena him. Still, the…
Image source, Getty ImagesImage caption, Sunny Balwani was convicted on 12 counts of wire fraud and conspiracy to commit wire fraud in JulyBy Madeline HalpertBBC News, WashingtonRamesh "Sunny" Balwani, the business partner of disgraced Theranos founder Elizabeth Holmes, has been sentenced to nearly 13 years in prison. Balwani was convicted in July of 12 counts…
Indexes close higher following afternoon rallyAll three indexes ended higher Wednesday, coming off a rally on the back of Fed Chair Jerome Powell's comments.The Dow closed up 737.24 points, or 2.18%, to 34,589.77. Meanwhile, the Nasdaq Composite jumped 4.41% to 11,468.00. The S&P 500 added 3.09% to 4,080.11.That marked a reversal from earlier in the…
Medtronic falls to lowest level since March 2020One more stock hit a fresh 52-week low in addition to the open. Shares of Medtronic were trading at lows not seen since March 2020. Meanwhile, two new stocks were trading at new 52-week highs after the open. Shares of Ross Stores traded at levels not seen since…