A known Tesla bull acted on valuation and the likelihood that the EV maker will continue on a path of lower prices amid increased competition.
Crypto Update: Bitcoin tops $30,000 for first time since April. Here’s why it’s shaking off a regulatory crackdown.
Bitcoin was undaunted by a U.S. regulatory crackdown on the crypto industry, briefly rising Thursday above the $30,000 threshold for the first time since April.
Market Extra: San Francisco landlords borrowed $9 billion from Wall Street. Now they want big tax relief from a struggling city.
Requests for property tax relief are climbing in San Francisco as commercial property values drop in a city facing a ballooning budget shortfall, according to Barclays.
Earnings Results: KB Home’s stock falls from 16-year high despite blowout earnings and bright outlook
KB Home’s strong results and upbeat outlook pleased Wall Street analysts, but the home builder’s stock pulled back from a 16-year high.
Banking: FDIC studying plan to include smaller U.S. banks in Basel III capital requirements after failures in early 2023
FDIC Chairman Martin Gruenberg pushes back on claims that new capital requirements will cause U.S. banks to tighten lending activities.
: iRobot’s stock slides 9% amid concerns Amazon’s takeover will be stymied by FTC
iRobot’s stock slides in heavy volume after the FTC files suit against Amazon for abusing Prime customers.
Futures Movers: U.S. oil price ends below $70 a barrel on global rate hikes, rise in product inventories
Oil futures pull back, with traders unable to shake worries about global economic growth as central banks tighten monetary policy.
: Boeing’s stock drops as supplier Spirit AeroSystems shuts down factory operations due to strike
Boeing Co.’s stock fell 3% on Thursday after major supplier Spirit AeroSystems suspended operations following a strike vote. Shares of Spirit dropped 11%.
The Fed: Powell says he sees path where inflation cools without significant job losses
Federal Reserve Chair Jerome Powell on Thursday said it is possible that inflation can fall without significant job losses
Retire Better: Call it the baby-boomer effect: America is getting older faster than ever. What does that mean for the country?
The aging of the U.S. population will have profound implications for economic development, national security, Social Security, Medicare and Medicaid.
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