U.S. stocks have risen sharply in 2023, with a small number of technology companies driving an ever-increasing share of the stock-market gains. While the 11.7% year-to-date gains for the large-cap benchmark S&P…
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Jets-Chiefs TV ratings soar, thanks to Taylor Swift and 2 million more female fans
Taylor Swift continues to boost the NFL’s profile. NBC’s Sunday Night Football game between the New York Jets and the Kansas City Chiefs averaged 27 million viewers, making it the most-watched TV…
Gold appears headed for a ‘death cross’ just 5 months after teasing record highs
Gold has reached its lowest settlement since March, moving further away from the record-high levels that were within reach just five months ago, with prices headed toward a so-called “death cross” that…
GameStop’s stock on pace for lowest close in two-and-a-half-years
Shares of GameStop Corp. fell 6.9% Monday and are trading at $15.33, putting the stock on pace for its lowest close since Feb. 23, 2021, when it closed at $11.24, FactSet data…
Dow edges lower as bond yields extend rise on averted government shutdown
U.S. stocks were putting in a mixed performance Monday afternoon as Treasury yields resumed their march higher and lawmakers averted a shutdown of the federal government over the weekend. What’s happening The…
Microsoft CEO Testifies on Limits of AI at Google Trial
Satya Nadella said Monday at the antitrust trial against Google that there might be limits to how much artificial intelligence can reshape the internet search market. Source link
Rivian delivers 15,564 EVs in Q3, more than double that of a year ago
Rivian Automotive Inc. said Monday that it delivered more than 15,000 vehicles in the third quarter, which was more than double what it delivered a year ago. Although the California-based electric vehicle…
For Tesla's Cybertruck, Another Sales Launch Date Comes and Goes
The EV maker, known for ambitious goals, is betting customers will stick around for the long-awaited electric pickup. Source link
Fisker closes $170 million convertible note offering, can now offer up to additional $623.3 million
Fisker Inc. said Monday it has closed a $170 million additional offering of 0% convertible notes due 2025 to an institutional investor with the notes offering an original issue discount of about…
PG&E's $6 Billion Plan to Prevent Wildfires Is in Peril
California regulators are likely to significantly restrict the number of power lines the company can bury in the coming years in favor of other ways to reduce fire risk. Source link