October 3, 2022
“…The Dow Jones Industrial Average jumped 681 points higher, or 2.3%. At one point it advanced as much as about 700 points. The S&P 500 rose 2.1%, after falling Friday to its lowest level since November 2020, and the Nasdaq… Continue Reading…
October 3, 2022
“DETROIT – General Motors’ third-quarter vehicle sales increased 24% compared to a year ago, when supply chain issues weighed more heavily on the company’s output. The Detroit automaker on Monday said it sold 555,580 vehicles from July through September, up from 447,000 a… Continue Reading…
October 3, 2022
“Shares of Tesla slid about 7% early Monday after the electric vehicle maker released third-quarter production and delivery numbers on Sunday that fell short of analysts’ estimates. Tesla reported 343,000 total deliveries and 365,000 vehicles produced during the quarter, which missed analysts’ expectations of… Continue Reading…
September 29, 2022
“Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers… Bed Bath reiterated its full-year outlook, saying it anticipates comparable sales to decline by about 20%… Continue Reading…
September 29, 2022
“Nintendo carried out its previously announced 10-for-1 stock split on Thursday aimed at reducing the price of one individual share to attract new investors to the more than century old Japanese gaming giant. Prices for Nintendo’s stock reflected the split on the Japanese… Continue Reading…
September 29, 2022
“SoftBank is planning to cut at least 30% of staff at its ambitious investment arm, the Vision Fund, a source confirmed to CNBC. At least 150 out of 500 Vision Fund workers will be impacted by the cuts, according to Bloomberg,… Continue Reading…
September 27, 2022
“EDITOR’S NOTE: The Federal Reserve has made it clear that reining-in inflation is its number one priority. One likely consequence is that corporate hiring will freeze, layoffs will commence, and jobs will be lost. As unemployment rises, the distribution of… Continue Reading…
September 27, 2022
“…In general, the insurance premium for new energy cars — which includes electric — is about 20% higher than it would be for comparable traditional fuel-powered cars, said Wenwen Chen, director at S&P Global Ratings, who leads the firm’s research… Continue Reading…
September 26, 2022
“…According to a recent survey conducted by Bankrate, two out of five (40%) survey respondents said inflation will change the way they shop for the holidays this year. Recent results from the U.S. Bureau of Labor Statistics’ Consumer Price Index Summary also showed… Continue Reading…
September 26, 2022
“…Dow Jones Industrial Average futures fell 78 points, or 0.3%, off the lows of the morning. S&P 500 futures shed 0.3%. Nasdaq 100 futures lost 0.1%. The British pound dropped to a record low on Monday against the U.S. dollar. Sterling at… Continue Reading…
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