By Yifan Wang Chinese electric car maker Xpeng Inc. has cut prices for most of its vehicles by around 10%, joining other auto makers in lowering prices as competition heats Read more
Tag: Content Types
Italy arrests Mafia boss after 30 years on the run
ROME (AP) — Italy’s No. 1 fugitive, convicted Mafia boss Matteo Messina Denaro, was arrested on Monday at a private clinic in Palermo, Sicily, after 30 years on the run, Read more
U.S. stocks could fall 10% as ‘pain trade’ takes hold before bouncing back later in the year
The year ahead is promising not to be an easy one for investors as a recession threat looms, but Bank of America is offering some advice on when things might Read more
‘Poker move’ or wake-up call? Wall Street weighs in on Tesla’s price cuts.
Tesla Inc.’s price cuts in the U.S. and Europe heightened worries on Wall Street about the electric-car maker’s margins and worsening demand at a moment when both aspects of the Read more
Dow turns positive, stocks pare losses as market heads for second weekly gain to kick off 2023
U.S. stocks pared early losses on Friday with the Dow turning mildly positive as investors scrutinized more economic data and Federal Reserve commentary following Thursday’s promising inflation report, as well Read more
New COVID subvariant is now dominant across the U.S., accounting for 43% of all new cases in latest week, CDC says
The XBB.1.5 omicron subvariant that has been dominant in the Northeast for several weeks is now officially dominant across the U.S., according to an update from the Centers for Disease Read more
Tesla is a ‘soft-landing’ stock, says Goldman Sachs. Here are its picks for a gentle economic landing and stocks for a recession.
Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core Read more
Consumer sentiment jumps to 9-month high as inflation ebbs and stocks rebound
The numbers: A survey of consumer sentiment rose to 64.6 in January and hit a nine-month high, reflecting easing worries about inflation and Americans’ greater confidence in their own finances. Read more
Opinion: You can beg forgiveness if you forgot last year’s RMD, but not in the future
Katie St. Ores has a 100% track record of getting her tax clients out of paying the steep penalty for missing a required minimum distribution from their retirement funds. That Read more
U.S. import prices rise for first time in six months
The numbers: The cost of U.S. imported goods rose 0.4% in December to mark the first increase in six months, but there was little sign of intensifying inflationary pressures. Economists Read more