NEW YORK (AP) — Wall Street is feeling the downside of high expectations on Thursday, as Microsoft and Meta Platforms drag U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 1.6% in midday trading and on track for its worst day in nearly eight weeks, falling further from its record set earlier this month….
General Motors reported third-quarter earnings that topped estimates. GM’s profits were driven by strong SUV sales, EV growth, cost reductions, and improved China sales. GM’s EVs hold a 9.8% share of the US EV market, behind only Tesla. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
NEW YORK — U.S. stocks closed their latest winning week with more records Friday. The Standard & Poor’s 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones industrial average added 0.1% to its own record set the day before, and the Nasdaq composite gained 0.6%. Netflix helped…
A small business in China has been devastated by the potential loss of 30 million yuan (US$4.2 million) after an employee accidentally labelled some of its washing machines with the wrong prices, triggering a buying spree. Little Swan Dongshan Franchise Shop, which also has a brick-and-mortar outlet in Jixi county, Anhui province in southeast China,…