Stocks rallied on Friday to finish the week strong after briefly losing the momentum of the January rally. The Dow Jones Industrial Average added 329.81 points, or 1%, to close at 33,374.37, while the S&P 500 advanced 1.89% to 3,972.61. Both indexes snapped a three-day losing streak. Meanwhile, the Nasdaq Composite rose 2.66%, with help …
Stocks close higher Friday, Nasdaq notches third straight week of wins Read More »
Procter & Gamble falls after commodity cost pressure warning Netflix down ahead of quarterly results Dow down 0.36%, S&P 500 down 0.35%, Nasdaq down 0.55% NEW YORK, Jan 19 (Reuters) – US stock indexes declined on Thursday after data pointing to a tight labor market fueled concerns the Federal Reserve will maintain its aggressive path …
Wall St dips as tight labor market fuels Fed worry Read More »
New York CNN — Party City filed for bankruptcy protection Tuesday, weighed down by competition and years of financial losses. The largest party goods and Halloween specialty retail chain in the United States said in a regulatory filing that it reached an agreement with debtholders to cut its $1.7 billion debt load. The company said …
The entertainment company on Tuesday fired back against activist investor Nelson Peltz, offering shareholders a 16-page slide deck that defends its Chief Executive Robert Iger against a monthslong campaign by Mr. Peltz to “challenge Mr. Iger’s legacy.” “Nelson Peltz does not understand Disney’s business,” the company said. Mr. Peltz and his hedge fund Trian Fund …
Disney Defends Board, CEO Robert Iger Against Nelson Peltz’s Criticisms Read More »
Dow Jones futures edged lower Monday afternoon, along with S&P 500 futures and Nasdaq futures. US stock and bond markets are closed for the Martin Luther King Jr. holiday. X The stock market rally picked up steam in the past week, with strong gains, clearing key levels. The S&P 500 briefly faced resistance at the …
Dow Jones Futures: US Markets Closed For MLK Holiday; Tesla’s Big Transition Read More »
Both Meta and Microsoft have embraced remote work. (Representational) California: Facebook parent Meta and Microsoft are separately vacating office buildings in Seattle and Bellevue in Washington -in the latest sign of change in the tech sector and softness in the office market here – according to the Seattle Times. Facebook confirmed on Friday plans to …
Meta, Microsoft Vacate Offices In US Over WFH, Massive Layoffs: Report Read More »
NEW YORK (WABC) — A single ticket-holder in Maine will be celebrating a very happy new year after that ticket is the only one to match all six numbers drawn in Friday night’s Mega Millions drawing. The prize is an estimated $1.35 billion ($724.6 million cash), which is the second-largest jackpot in the history of …
Mega Millions numbers: 1 winning ticket for the 1.35B jackpot Read More »
Tesla cuts prices in US, Europe by up to 20% Stable cost inflation behind German cuts -spokesperson Shares fall in pre-market US trade Move follows price cuts across Asia last week Some models now qualify for US credits, French subsidy Jan 13 (Reuters) – Tesla (TSLA.O) has slashed prices on its electric vehicles in the …
Tesla ramps up pressure on rivals with US, Europe price cuts Read More »
Dow Jones futures rose slightly early Thursday, along with S&P 500 futures and Nasdaq futures, ahead of Thursday’s CPI inflation report. X The stock market rally on Wednesday extended recent gains. Investors are betting on tame inflation data, raising the stakes for the Fed-critical report. Amazon.com (AMZN) and Tesla stock led a megacap rally Wednesday, …
Dow Jones Futures: Stock Market Rallies Into CPI Inflation Report; What To Look For Read More »
European countries have been scrambling to find alternative sources of oil and gas following Russia’s full-scale invasion of Ukraine in Feb. 2021. Bloomberg | Bloomberg | Getty Images Russia’s revenues from fossil fuel exports collapsed in December, according to a new report, significantly harming President Vladimir Putin’s ability to finance the war in Ukraine. The …
