Tesla Extends Quarterly Profit Streak, Opens Path to S&P 500
Tesla Inc. posted a fourth consecutive quarterly profit, a milestone that could pave the way for the electric car-maker to join the ranks of the blue-chip S&P 500 Index. The … Read More
Category: Markets
Here's what happened to the stock market on Wednesday
The Dow gained 165.44 points, or 0.62% to close at 27,005.84. The S&P 500 climbed 0.57% to 3,276.02. The Nasdaq Composite advanced 0.24% to 10.706.13. Wall Street posted a muted … Read More
U.S. Jobs Picture Worsens With Census Survey Showing July Drop
The U.S. labor market’s rebound is increasingly at risk of being cut short after a survey showed employment dropping sharply this month. The number of employed Americans declined by about … Read More
Former Fed Vice Chair Blinder says cutting government aid during the coronavirus pandemic would be a 'catastrophic mistake'
Former Federal Reserve Vice Chairman Alan Blinder said Wednesday that cutting federal aid during the coronavirus pandemic would be a "catastrophic mistake." The $600 per week federal unemployment insurance benefit — … Read More
Distress Mounts in U.S. Real Estate Market Frozen by Pandemic
The U.S. commercial real estate market is showing ever greater signs of stress, but there are still few deals to be had. Transactions fell 68% in the second quarter across … Read More
Myth vs. reality: What negative interest rates really mean
New York (CNN Business)Former Morgan Stanley financial adviser Michael Carter was charged with fraud Monday for allegedly stealing around $6 million from investors over a period of 12 years. Carter, … Read More
Longer Bonds in India Win Investor Love as Yield Curve Steepens
A steepening yield curve is luring fund managers in India to add longer-tenor sovereign bonds as they bet that the country’s central bank will keep the yields in check. Nippon … Read More
E-brokers TD Ameritrade, Interactive Brokers sustained record retail trading volumes in the second quarter
TD Ameritrade said Tuesday it added a record 661,000 new funded retail accounts in the second quarter, surpassing the 608,000 new accounts during the first quarter. The broker, which is … Read More
Xi’s Radical Stock Market Reforms Shield China Firms From U.S
Sign up for Next China, a weekly email on where the nation stands now and where it’s going next. A plan by President Xi Jinping hatched in late 2018 to … Read More
Tesla could soon join the S&P 500 — but inclusion isn't automatic, even with a full year of profitability
Tesla is scheduled to report second quarter results after the bell on Wednesday. If Elon Musk's electric car maker reports a profit for the quarter, Tesla will meet a major … Read More