The Nasdaq and the S&P 500 fell on Thursday as rising yields weighed on megacap growth stocks, while a slew of Wall Street lenders reported mixed earnings on the last day of a holiday-shortened week.
What happened
As an abbreviated trading week winds down today, Tesla (NASDAQ: TSLA) stock is taking it on the chin with a 3% decline through 10:30 a.m. ET Thursday.
Next week will be relatively quiet in terms of economic data. The beginning of the week will feature housing and building data, with jobless claim updates and the purchasing managers' indexes (PMI) due out later on in the week. Wall Street, instead, will have its attention square
If it wasn't obvious before, Elon Musk was never going to be a "passive" shareholder in Twitter (TWTR, $45.85). The Tesla (TSLA) CEO and world's richest person offered to buy the social media platform for $54.20 per share in cash, according to filings with the Securities and
NEW YORK (Reuters Breakingviews) - There are offers that are too good to refuse. Elon Musk’s $41 billion bid for Twitter is not one of them. The world’s richest man says he will pay $54.20 a share for the social network, but may sell
The Nasdaq and the S&P 500 fell on Thursday as rising yields weighed on megacap growth stocks, while a slew of Wall Street lenders reported mixed earnings on the last day of a holiday-shortened week.
With shares of Amazon and Alphabet trading well above $2,000 and Tesla stock priced just under $1,000, it's easy to conclude that buying even just a few shares of a great growth stock is going to be a pricey undertaking.
Amazon.com Inc Chief Executive Officer Andy Jassy said the e-commerce giant is not close to adding cryptocurrency as a payment option to its retail business, in an interview with CNBC on Thursday.
The S&P 500 and the Nasdaq were set to open lower on Thursday, following mixed earnings from a slew of Wall Street lenders on the last day of a holiday-shortened week, while Twitter shares jumped after billionaire Elon Musk's takeover offer.
Two highly anticipated earnings reports are due next week: streaming-TV specialist Netflix (NASDAQ: NFLX) and electric-car company Tesla (NASDAQ: TSLA). Netflix will release its fourth-quarter results on Tuesday, April 19, and Tesla will post its earnings for the same period the
For nearly 126 years, the Dow Jones Industrial Average (DJINDICES: ^DJI) has been a closely followed index that investors have used to evaluate the health of the stock market. Initially comprised of just 12 stocks during its May 1896 debut, the Dow Jones is now home to 30 highly
Rising prices for raw materials, including nickel and copper, accelerated by Russia's invasion of Ukraine were having a "big" impact on Panasonic Corp, with the Japanese industrial giant only able to pass on some of those increases to its customers, the CEO said.
AGL Energy on Thursday signed a deal with France's Neoen SA that will help Australia's largest power producer virtually charge and discharge a part of the 100MW/200 megawatt-hour (MWh) Capital Battery to support consistent electricity supply.
A federal judge on Wednesday said Tesla Inc was liable to a Black elevator operator who said the electric car company ignored racial abuse at the factory where he worked, but reduced a nearly $137 million jury award to $15 million.
A federal judge on Wednesday said a $137 million jury award, one of the largest of its kind, to a Black former factory worker who sued Tesla Inc for racial discrimination was excessive and should be reduced to $15 million.
The way shares of Nio (NYSE: NIO) were falling over the past week or so, today's rally may have come as a surprise to many. In the five trading days through yesterday alone, the electric vehicle (EV) stock had shed nearly 13% in value. This morning too, Nio opened in the red befo
Tesla (TSLA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results comp
What happened
After sharp declines over the past couple of days, shares of Nio (NYSE: NIO) surged this morning and were up as much as 5.3% at 11:10 a.m. ET.
Allison Transmission Holdings Inc. ALSN recently announced plans to expand its tracked defense service network for better access to service and support for end users Outside North America (“ONA”).Allison’s ONA defense network will offer service and support for its cross-d
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