Elon Musk is again proving doubters wrong as Tesla’s stock saw a 22% climb last Thursday, good enough for the company’s best day in over a decade. With the recent announcement of the long-awaited Robotaxi, a self-driving car from the brand, and a stronger-than-expected third-quarter report, the electric vehicle giant is projecting strength. The Austin-based…
New York – Reddit has turned a profit for the first time as a public company. The social platform claimed a profit of $29.9 million, or 16 cents per share, for the period ending in September, and reported sales of $348.4 million, an amount surpassing the $312.8 million analysts had projected. Reddit also grew its…
New York – Stocks gained ground on Wall Street Friday as companies continued reporting mostly solid earnings. The S&P 500 rose 0.9% in morning trading Friday. The gains have trimmed most of the indexes losses for the week. The Dow Jones Industrial Average rose 193 points, or 0.5%, to 42,544, as of 10:11 a.m. Eastern….
New York – U.S. stocks are drifting around their all-time highs Monday, as momentum for Wall Street’s record-breaking rally cools a bit. The S&P 500 was virtually unchanged in morning trading, coming off its sixth straight winning week, its longest such streak of the year. The Dow Jones Industrial Average was edging back by 106…
New York – U.S. stocks are holding steadier Wednesday following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies. The S&P 500 was 0.2% higher in morning trading, a day after sliding from its all-time high because of tumbling energy and technology stocks. The Dow Jones Industrial Average was up 165 points,…
Washington — There has been a doubling of petitions by workers to have union representation during President Joe Biden’s administration, according to figures released Tuesday by the National Labor Relations Board. There were 3,286 petitions filed with the government in fiscal 2024, up from 1,638 in 2021. This marks the first increase in unionization petitions…
New York – U.S. stocks are rising amid a rush of optimism Friday after a report showed U.S. employers went on a stronger spree of hiring last month. The S&P 500 was 0.3% higher in morning trading after paring a bigger gain from the open of trading. The Dow Jones Industrial Average was up 118…
New York – U.S. stock indexes are drifting around their records Friday as hopes hold that the economy can pull off the rare feat of getting painfully high inflation under control without a recession. The S&P 500 was 0.1% higher in early trading a day after setting an all-time high for the 42nd time this…
New York – U.S. stocks are drifting around their records Wednesday as financial markets around the world take a pause following big recent moves. The S&P 500 was 0.1% higher in early trading, a day after setting an all-time high for the 41st time this year. The Dow Jones Industrial Average was up 5 points,…