Wall Street’s main indexes were set for a flat open on Monday, with focus on a slew of economic data this week, while Intel shares rose after its CEO retired following its struggles to keep up in the market for AI chips. This week’s centerpiece would be the November nonfarm payrolls report due on Friday,…
While Tesla Inc. is grabbing the headlines, Xpeng Inc. has been the hottest electric vehicle stock over the past few months as investors rapidly warm to its product strategy. The company’s Hong Kong-listed shares have surged 93% from an August low, far outpacing gains in peers from Tesla to fellow Chinese EV maker Nio Inc….
Wall Street experienced a sharp reality check over the week as the post-election rally following Donald Trump’s presidential election victory unraveled. Major indices fell in unison as investors reassessed the economic outlook in light of potential policy shifts. Republicans secured a majority in the House of Representatives, marking a GOP sweep of Washington, D.C., and…
Wall Street’s main indexes edged lower in choppy trading on Thursday after monthly producer prices rose as expected, with investors awaiting Fed Chair Jerome Powell’s comments later in the day for clues on the outlook for interest rates. The producer price index (PPI) for final demand rose 0.2% on a monthly basis in October, in line…
Jamie Lee Curtis and Don Lemon are among the big-name X (formerly Twitter) users leaving the social media site since President-elect Donald Trump announced the platform’s owner, Elon Musk, will have a role in his administration. In a Wednesday Instagram post, “Halloween” actress Curtis shared a screenshot showing her X account’s successful deactivation. In her…
Nov 13 (Reuters) – Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the U.S. Federal Reserve on track to deliver another interest rate cut in December. The consumer price index rose 0.2% in October for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said, and advanced 2.6% on an…
New York – U.S. stocks are drifting near their records Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates. The S&P 500 rose 0.3% in afternoon trading, coming off its first loss since before Election Day last week. The Dow…
One of the ideas I liked the most from Donald Trump on the campaign trail was his proposal to harness the expertise and gift for innovation of billionaire businessman Elon Musk if he were to get elected. It looks like Trump will follow through on his promise to have Musk, who leads Tesla and SpaceX…
New York – U.S. stocks are rising Monday and adding to the gains made during their best week of the year. The S&P 500 was up 0.3% in early trading, coming off a 4.7% spurt last week spurred by Donald Trump’s presidential victory and a cut to interest rates by the Federal Reserve to bolster…
“Saturday Night Live” is looking to get on President-elect Donald Trump’s good side. The sketch comedy show’s post-election episode kicked off with the cast delivering what initially seemed to be a serious message about the Republican nominee’s win. “To many people, including many people watching this show right now, the results were shocking and even…