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Posts published in “Finance”

Nasdaq drops 2% as disappointing Tesla and Alphabet earnings send tech lower: Live updates

Nasdaq drops 2% as disappointing Tesla and Alphabet earnings send tech lower: Live updates  CNBCNasdaq tracks for worst day since 2022 after Alphabet and Tesla fail to impress Wall Street  CNNStock market news today: US stocks sink as Tesla, Alphabet provide gloomy kickoff to Big Tech earnings  Yahoo FinanceStock Market Today: Dow Slides Lower...

June 2024 jobs report: What labor market data says about the economy

The Summary The Labor Department's June jobs report showed employers added 206,000 roles last month, down from 218,000 in May. Unemployment ticked up to 4.1%, inching above 4% for the first time since November 2021 while remaining historically low. The labor market has defied long-running forecasts of a sharper pullback in hiring, though conditions are

Stock market today: Stocks wobble as S&P 500, Nasdaq try to build on records

US stocks gained on Monday to start a consequential week that could provide key signals for the near-term path of interest rates. The S&P 500 (^GSPC) rose 0.1% and the tech-heavy Nasdaq Composite (^IXIC) climbed 0.3%, with each index managing to notch fresh records. The Dow Jones Industrial Average (^DJI) erased earlier session gains to

Tesla exceeds expectations as its EV sales start to rebound

Tesla had a better-than-expected second quarter for car sales. The company Tuesday said it delivered about 444,000 vehicles to customers in the second quarter, down about 5 percent year-over-year but a 15 percent increase from the first quarter — and more than forecast by Wall Street analysts, who generally expected less than 440,000. Tesla shares

Tesla Soars on Tentative Approval for Driving System in China

Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because

Nasdaq futures rise after benchmark’s worst day since April: Live updates

SolarEdge tanks after customer that owes millions files for bankruptcy A Solarpro employee installs a SolarEdge Technologies inverter at a residential property in Sydney, Australia, on May 17, 2021. Brendon Thorne | Bloomberg | Getty Images SolarEdge fell more than 20% on Tuesday after disclosing that a customer that owes the company $11.4 million has