Updated at 12:32 pm EST U.S. stocks pared earlier gains Friday, with investors hedging bets on an end-of-week rebound following a mixed October employment report and a four-day losing streak on Wall Street. The U.S. economy added 261,000 new jobs last month, the Labor Department said, with the September total revised 56,000 higher to 319,000. The…
Mark Cuban is sad. And the reason for this sadness can be found in something that may come back into fashion with the hardening of the economic slowdown looming. It’s about philanthropy. The covid-19 pandemic has contributed to the widening of socio-economic inequalities. The gap between the haves and have-nots has grown enormously during the…
While the S&P 500 index surged 8% in October, sentiment toward stocks dipped, as measured by Bank of America’s Sell Side Indicator (SSI). The Indicator tracks Wall Street strategists’ recommended equity allocation. The SSI slid to 52.8% in October, the lowest level since early 2017, from 53.58% in September. But the dip is actually good…
Ford (F) says it and repeats it. Its main rival is Tesla (TSLA) . The legacy carmaker, which is on a major offensive in the electric vehicle market, is determined to compete head-on with the sector leader in terms of profitability, market value, production and sales. The brand with the blue oval intends to battle…
Mark Cuban is a very busy man these days. The NBA season has just started. The owner of the Dallas Mavericks, like other owners, has big ambitions for this season, after his franchise lost last May to the eventual champion, the Golden State Warriors. Cuban is currently also in the 14th season of the hit TV…
Last June, the U.S. Department of Transportation announced that as part of its efforts to improve road safety while still emboldening innovation, the National Highway Traffic Safety Administration (NHTSA) had released its initial round of data regarding car crashes involving vehicles with automated driving systems. It turned out that one extremely popular electric vehicle with…
Microsoft (MSFT) and Alphabet (GOOGL) confirm fears that the economy is not doing well. The two tech giants kicked off the big tech earnings season on Oct. 25 by sending red flags about the current downturn. Their warnings can be summed up in one sentence: the health of the economy is not good and it…
The suspense remains intact even if everything suggests that Elon Musk, the richest man in the world will become the owner of the social network Twitter (TWTR) before Halloween. But it’s possible there will be a final twist in this saga, which has lasted for 6 months. Delaware Chancellor Kathaleen McCormick has given the billionaire until…
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This is a crucial week for Wall Street. Four of the five largest companies in the world, in terms of market value, publish their results for the third quarter. Apple (AAPL) , Microsoft (MSFT) , Amazon (AMZN) and Alphabet (GOOGL) together represent $6.71 trillion in market value. They are joined by a company with one…
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