Tesla’s rating was downgraded to sell at UBS, after the broker said the stock assigns too big a premium to the automaker’s growth initiatives.
Japan’s Finance Minister Shunichi Suzuki on Friday voiced concerns over the yen’s weakness but declined to comment on whether the government intervened to prop up the yen on Thursday.
Dollar-store chain Dollar General Corp. has agreed to pay $12 million and take more steps to make its workplaces safer, following longstanding complaints over working conditions, the Department of Labor said Thursday.
President Joe Biden spoke Thursday at a much-anticipated press conference as he faces calls to end his re-election campaign following a poor debate performance.
Wall Street’s blistering stock rally has everyday investors eager to amplify their bets on some of the most popular names including Nvidia Corp. and Tesla Inc., even it sounds a lot like gambling.
Peacock, which will stream every Olympics event live, will raise prices by $2 a month starting July 18.
History suggests the unloved group of stocks could outperform once the Fed cuts interest rates, which now looks increasingly likely.
Chicago Fed President Austan Goolsbee on Thursday said the details of the June consumer inflation report helped build his confidence that the price level is going back toward a 2% annual rate of inflation.
PepsiCo said it would look to cut prices on some of its snack foods in an effort to increase sales.
The consumer-price index data released on Thursday, which showed a slowing pace of inflation in the U.S., could provide an ideal setup for a turnaround for bitcoin after the crypto’s lackluster recent performance.
The Biden administration is spending over $244 million to improve and expand the Registered Apprenticeship system, which the White House calls “the gold standard earn-and-learn training pathway.”
“Crash-proof” your portfolio and ride the bumps.
“It’s been a rocket ship,” Ivy Zelman, the chief executive of Zelman & Associates, a research firm focused on the housing industry, said Wednesday.
Shares of exchange-traded funds that invest in bonds were rising Thursday, as investors parsed details from a fresh report on U.S. inflation that indicated more signs of cooling.
Some shoppers may take a shop-more-to-save-more approach to rationalize the rising expense of Costco’s membership, even if this often winds up leading to bigger bills.
The solar sector has been in a slump amid lower demand thanks to high interest rates, regulatory changes in California relating to rooftop incentives and rising inventories.
The seminal rap group said it has never allowed its music to be used in product advertising and asked a judge to block the use of its hit song in an online ad campaign.
For investors, the question is whether Thursday’s rotation marks the start of a broadening out of a rally that’s taken the S&P 500 and Nasdaq Composite to a series of records in 2024.
The first decline in consumer prices in four years is encouraging, but St. Louis Federal Reserve Bank President Alberto Musalem wants to see more evidence inflation is slowing before he will back a reduction in interest rates.
Wall Street’s most reliable recession gauge now also looks like a Nov. 5 election barometer.
