FINANCE

tesla 2012 ad

Photo Credit:AP

Tesla’s shares sank by nearly 10 percent on Thursday after Chief Executive Elon Musk signalled the electric vehicle maker will keep cutting prices to drive up demand even after taking a big hit to margins.

The stock was trading at $163, dragging down other automakers. At least 15 analysts lowered their price targets on Tesla, whose market value was on track to drop by $50bn to about $517bn, if losses hold. That would put Tesla’s value below that of Meta Platforms for the first time since 2021.

Read more ... Add new comment

1000

Photo Credit: Bebeto Matthews

A software developer twice invested his savings in cryptocurrencies, only to lose it all. But he still promotes it to the Black community and would like to get back in himself.

A recent college graduate and a single mom are dabbling hopefully in bitcoin after attending a crypto workshop sponsored by rapper Jay-Z at the public housing complex where the hip-hop star grew up.

Read more ... Add new comment

1000

Photo Credit: Jeff Chiu

The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring all depositors at the failed institution that they could access all their money quickly, even as another major bank was shut down.

The announcement came amid fears that the factors that caused the Santa Clara, California-based bank to fail could spread. Regulators had worked all weekend to try to find a buyer for the bank, which was the second-largest bank failure in history. Those efforts appeared to have failed Sunday.

Read more ... Add new comment

wirestory wall streets

Photo Credit:AP

Wall Street closed another bumpy week with a mixed performance on Friday amid worries that inflation is not cooling as quickly or as smoothly as hoped.

The S&P fell 0.3% after paring a bigger loss from the morning. The Dow Jones Industrial Average rose 129 points, or 0.4%, after coming back from an early loss of 179 points, while the Nasdaq composite fell 0.6%.

Read more ... Add new comment
Page 3 of 14

REGISTER FOR DAILY NEWSLETTER

Please enable the javascript to submit this form

MEMBER REGISTRATION/LOG IN

RECENT NEWS

AROUND THE CITIES

© 2024 HTopic LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms & Conditions and Privacy Policy