Tesla’s stock dropped 8% in extended trading after the electric vehicle (EV) maker’s net earnings in the second quarter fell short of Wall Street expectations and announced its lowest profit margin in more than five years. Tesla shares fell 7.7% to $227.23 after hours. Tesla’s Q2 net income fell to $1.48 billion from $2.70 billion…
FOREX-Dollar: The dollar held steady while sterling crosses lost ground on Thursday in holiday-thinned trade ahead of the year’s final major data release, U.S. inflation figures on Friday. Sterling GBP=D3 fell sharply against the dollar on Wednesday after British inflation fell short of expectations to 3.9% year on year in October, a two-year low. The…
Tuesday’s closing price increase for US stocks put an eighth weekly victory within reach as investors continued to be bullish about the possibility of interest rate cuts despite cautions that such expectations are exaggerated. For the fifth consecutive record close, the Dow Jones Industrial Average (^DJI) increased by about 0.7%, or more than 250 points….
U.S. jobs data for further Fed indications see unchanged gold prices. As investors refrained from placing large wagers ahead of this week’s pivotal U.S. payrolls data, which may provide additional hints regarding the Federal Reserve’s interest rate trajectory, gold prices remained unchanged on Thursday. By 0516 GMT, spot gold remained steady at $2,025.69 an ounce….
Wall Street: With gains for four straight sessions, the S&P 500 recorded its largest one-day percentage gain since April. The three primary stock indexes on Wall Street surged almost 2 percent on Thursday, bolstered by positive quarterly financial reports and expectations that the U.S. Federal Reserve may have completed its rate-hiking campaign. The Fed held…
Amazon: Thrasio has been advised in recent years by New York-based consulting firm AlixPartners, and their retail turnaround professional Holly Etlin is currently working with the company, according to the report, which cited people familiar with the matter. The Wall Street Journal reported on Thursday that Thrasio Holdings, which acquires third-party sellers on Amazon (AMZN.O),…
Target’s (TGT.N) stock rose 17.8%, marking the largest percentage gain in a single day since August 2019, following the retailer’s forecast of a fourth-quarter profit that was significantly higher than anticipated due to lower supply-chain costs. – Wall Street While retail stocks were bolstered by an optimistic forecast from Target (TGT.N), U.S. stocks closed marginally…
Nasdaq: Notably, Tesla and Lucid Group were among the most severely affected, while Align Technology witnessed a surprising 25% plunge on Thursday. Amidst a market correction, the company Composite Index has shown signs of instability. Specifically, within its Nasdaq-100 subset, it’s been observed that 20 of the listed stocks saw declines of 10% or more…
On Tuesday, Bank of America reported third-quarter profit above projections thanks to higher-than-anticipated interest income. What the business reported is as follows: The Charlotte, North Carolina-based bank reported a 10% increase in profit to $7.8 billion, or 90 cents per share, from $7.1 billion, or 81 cents a share, a year earlier. The amount of…
In the midst of the banking sector sell-off, investors may be keeping an eye on American Express AXP, Visa V, and Mastercard MA to see if better opportunities to purchase stock in these leaders in credit cards and transaction services arise. With today’s significant decline in bank stock prices and the XLF Financial Select Sector…
