Tesla’s objectives are similar whether Elon Musk’s company is playing for the short run or the long run, and that’s a key advantage for its stock.
Economic Report: U.S. builder confidence rises for second consecutive month, to highest level since September 2022
U.S. home builder sentiment rose for the second month in a row in February, the National Association of Home Builders said.
Key Words: Sales at Balenciaga continue to suffer after child marketing scandal
Kering had a not-so-great fourth quarter. Spanish fashion label Balenciaga takes at least part of the blame.
Economic Report: U.S. industrial output flat in January, continuing a weak trend
U.S. industrial output was unchanged in January, the Federal Reserve said Wednesday.
Metals Stocks: Gold taps its lowest price in more than 5 weeks as U.S. dollar rises
Gold prices touched the lowest intraday level since early January, as the U.S. dollar strengthened following the release of Tuesday’s U.S. CPI report
Futures Movers: Oil futures settle lower as U.S. crude supplies post a weekly climb of more than 16 million barrels
Oil futures settle lower on Wednesday after official U.S. data reveal a more than 16 million-barrel weekly climb in crude inventories.
: Turkish stocks soar 10% as bourse reopens following devastating earthquake
BIST 100 jumps nearly 10% after government looks to support equities
Dow Jones Newswires: Lufthansa warns of cancellations due to IT outage
German airline said an IT outage due to construction work caused flight delays and cancellations, with operations expected to stabilize in the early evening.
Economic Report: Mortgage rates rise across the board, breaking a five-week downward streak
Mortgage applications fell 7.7% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.39%.
Peter Morici: How to fix the Child Tax Credit and reduce the U.S. budget deficit too
Restructure eligibility requirements so that full benefits are given for full-time work.