Shares of Alibaba (BABA) were down just over 0.5% through early afternoon trading hours Thursday–the final trading period before the Chinese e-commerce giant is scheduled to release its latest quarterly earnings report. …read more […]
Over a million more people moved out of California from 2006 to 2016 than moved in, according to a new report, due mainly to the high cost of housing that hits lower-income people the hardest. “A strong economy can also be dysfunctional,” noted the report, a project of Next 10 and Beacon Economics. Housing costs are much higher in California than in other states, yet wages for workers in the lower income brackets aren’t. …read more […]
WILMINGTON, Del. (Reuters) – Broadway producer Howard Kagan said he has raised his last-minute bid for the Weinstein Company in another push to acquire the TV and film producer, which filed for bankruptcy in the wake of harassment claims against co-founder Harvey Weinstein.
NEW YORK (Reuters) – U.S. stocks were mixed on Thursday, seesawing between positive and negative territory during the session as strong economic data offset disappointing earnings reports from several companies.
NEW YORK (Reuters) – Short-sellers who had targeted Tesla Inc logged a $700 million paper profit on Thursday after the stock fell nearly 9 percent a day after Chief Executive Elon Musk stunned analysts by dodging “boring” questions about the electric car maker’s financial outlook.
White House Press Secretary Sarah Huckabee Sanders takes questions from the media. …read more […]
(Reuters) – Tesla Inc chief Elon Musk’s refusal to answer “boring” Wall Street questions about finances sent the electric vehicle maker’s shares down as much as 7 percent on Thursday, jarring investors and raising concerns about its ability to raise money in the future.
(Reuters) – American International Group Inc executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more than 6 percent.
(Reuters) – U.S. stock indexes were down on Thursday, but off their session lows on what some traders said was due to technical buying amid worries of the outcome of U.S.-China trade talks, rising interest rates and disappointing earnings reports.
(Reuters) – Major U.S. indexes fell more than 1 percent in a broad slump on Thursday as investors remained wary about the outcome of U.S.-China trade talks and potential for rising interest rates, while a slew of disappointing earnings reports also weighed.
BEIJING (Reuters) – U.S. President Donald Trump on Thursday praised his relationship with Chinese President Xi Jinping as officials from the world’s two largest economies began trade talks in Beijing, while state media said China would stand up to U.S. bullying.
Hundreds of thousands of dollars billowed out of the back of a Brinks armored truck on Interstate 70 in Indianapolis on Thursday. Drivers on Interstate 70 in Indianapolis, Indiana, were unexpectedly showered with hundreds of thousands of dollars after the back of a Brinks armored truck blew open on the interstate. “Bags of money were falling out of the back onto the interstate,” Indiana State Police Corporal Brock McCooe told Fox 8. …read more […]
President Donald Trump’s explanation for why he fired FBI Director James Comey has shifted again. Rudy Giuliani, Trump’s new attorney, said in an interview on Fox News that Trump fired Comey last year because Comey would not state “that he wasn’t a target” of the special counsel’s Russia investigation. “He fired Comey because Comey would not, among other things, say that he wasn’t a target of the investigation,” Giuliani said. …read more […]
(Reuters) – American International Group Inc executives on Thursday defended their strategy for transforming the company, saying some key improvements would take hold by year-end, but failed to convince investors as shares slid more than 8 percent.
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading into the second quarter.
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