Goldman Sachs Group Inc. GS, +1.10% stock is down about 1.7% in premarket trades after the investment bank reported sharply lower fourth-quarter earnings that missed analyst expectations, after a blockbuster Read more
Tag: Corporate/Industrial News
Chinese EV Maker Xpeng Cuts Prices by Around 10%
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
‘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
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
Ford stock falls, set to snap record win streak in wake of Tesla price cuts
Shares of Ford Motor Co. F, +1.59% dropped 3.5% in premarket trading Friday, putting them on track for their first loss in 11 sessions, to snap a record-long win streak. Read more
Genesis, Winklevoss twins’ Gemini crypto venture charged by U.S. securities regulators
U.S. securities regulators on Thursday charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities to retail investors through the companies’ Gemini Read more