Investors went for a wild ride Nov. 20 as the U.S. stock market dramatically fluctuated throughout the day. Nvidia reported strong earnings Nov. 19, offering investors a boost of confidence and temporarily calming concerns of an AI bubble. However, according to CNN Business, the relief was short lived, with stocks taking a dive in the…
U.S. stocks whipsawed, with the blue-chip Dow swinging through 1,000 points, before closing lower. Bolstered by strong earnings from artificial intelligence chip giant Nvidia and discount retailer Walmart, stocks opened higher and the Dow climbed 700 points. However, stocks slowly started losing ground after the delayed September jobs report appeared to dash hopes for another…
Stellantis NV traded more blows with BYD Co., saying its Chinese partner Leapmotor is selling more electric vehicles in Europe’s biggest EV market. Zhejiang Leapmotor Technology Co.’s shipments have surged in the region this year after Stellantis dealerships added models such as the electric T03 city car. The Chinese company outsold BYD on EVs in…
New York – The U.S. stock market is holding steadier on Monday following two weeks of sharp swings, but it’s churning underneath the surface ahead of big-time reports coming later in the week. The S&P 500 was virtually unchanged and remained only a bit below its all-time high set late last month. The Dow Jones…
The spark came from CoreWeave, the AI cloud infrastructure firm whose third-quarter results missed expectations. Government reopening also left investors with questions about economic data. After the longest shutdown on record, the U.S. government has reopened and federal agencies are rushing to publish a backlog of delayed economic data. Yet the administration warned that key…
Rogue Ales & Spirits closed its operations in Newport and all its restaurants — including the recently opened Rogue Salem Public House — suddenly on Nov. 14. The Lincoln Chronicle reported that the 37-year-old business owed $545,000 in back rent to the Port of Newport and up to $30,000 in taxes to Lincoln County. The…
The ongoing Google/Disney standoff could lead YouTube TV subscribers with a $20 credit by Sunday. The Athletic’s Andrew Marchand reported that the two sides are negotiating on Saturday to broker a deal to return Disney channels, like ABC and ESPN, to the television platform. However, Marchand also confirmed that YouTube TV customers will receiver a…
Tesla CEO Elon Musk scored a resounding victory on Thursday, Nov. 6 as shareholders approved a pay package of as much as $878 billion over the next decade, endorsing his vision of morphing the EV maker into an AI and robotics juggernaut. Shares of Tesla rose about 1% in after-hours trading. The proposal was approved with over 75% support. Musk took to…
Damian J. Troise New York – Stocks are slipping in morning trading Thursday as investors pore over another batch of earnings reports from U.S. companies. The S&P 500 slipped 0.7%. The Dow Jones Industrial Average fell 310 points, or 0.7%, as of 10:03 a.m. Eastern time. The Nasdaq composite fell 1.1%. Corporate earnings and forecasts…
Some Kirkland’s Home locations are set to shutter by the end of the year, but they will not be converted to Bed Bath & Beyond locations. The Brand House Collective CEO and Director Amy Sullivan said during an analyst call on Sept. 16. that the company would close 25 locations by January due to lease expirations and…