Tesla Inc.’s stock fell 5% on Thursday on the heels of a report that the electric-vehicle maker will delay its closely watched Robotaxi debut by two months in order to build more prototypes.
S&P 500 fundamentals point to continuing gains.
A few weeks ago, the CPI report would have been a major plus for President Joe Biden’s re-election campaign, but right now inflation isn’t the Democratic incumbent’s biggest problem.
Declines in Tesla, Nvidia and other large tech stocks could mean a $535 billion market-cap wipeout for the grouping.
Gold futures climbed sharply on Thursday, with prices trading close to fresh record highs, as traders viewed a report that showed cooling inflation as “ammo” for the Federal Reserve to use if it cuts interest rates this year.
“With the information we have received today, which includes data on employment, inflation, GDP growth and the outlook for the economy, I see it as likely that some policy adjustments will be warranted,” Daly said Thursday.
The stock market has been in a slow-motion meltup.
The Social Security cost-of-living adjustment for 2025 might be lower than this year’s 3.2% increase as inflation moderates.
The stocks of home builders were rallying across the board on Thursday, after government data showed consumer prices falling for the first time in more than four years, boosting hopes the Federal Reserve may soon start to lower interest rates.
Low-paying checking accounts cost Americans $103 billion in lost interest.
The company recently announced live voice-assistant integrations with carmakers in Europe.
Warnings about a high valuation for the S&P 500 are justified, but one sector has bucked the trend with a significant decline to its forward price-to-earnings ratio.
European investors have been bearish for most of 2024.
If Federal Reserve Chairman Jerome Powell and his fellow board members “proceed with an interest rate cut in September, expect Trump and Republican lawmakers to seek vengeance.”
New research finding toxic metals such as lead and arsenic in tampons underscores longstanding gaps in oversight of the products, some women’s health advocates say.
Oil futures headed lower in Thursday dealings, giving up early gains after the International Energy Agency, in its monthly report, slightly raised its forecast for growth in crude demand in 2024 but lowered its outlook for next year.
If you want to live longer, get a stand-up desk at work—or, even better, a walking desk—and drink three or more cups of coffee a day.
PepsiCo’s stock headed toward a nine-month low in premarket action Thursday after the beverage and food giant reported a rare quarterly revenue miss, citing weakness in snack-food sales and the impacts of product recalls at Quaker Foods.
AMD shares could continue to benefit from upbeat PC-chip trends and more realistic AI-revenue expectations, according to an analyst.
Conagra Brands’ stock slumped Thursday, after the parent of food brands including Healthy Choice, Boomchickapop, Duncan Hines and Birds Eye reported quarterly revenue that fell short of forecasts and provided a downbeat profit outlook.
