Updated at 8:09 am EST Tesla (TSLA) – Get Tesla Inc Report shares moved lower Friday following a report that suggested CEO Elon Musk is looking to pare around 10% of the carmaker’s global workforce. Musk, who just days ago excoriated Tesla executives who wished to work from home, told employees he has a “super bad…
Here are five things you must know for Friday, June 3: 1. — Stock Futures Edge Lower With Jobs Data In Focus U.S. equity futures edged lower Friday, while the dollar held steady against its global peers, as investors braced for a key reading of the domestic job markets amid increasing concerns over the pace of…
© Reuters. Passersby wearing protective face masks are seen in front of an electronic board showing Japan’s Nikkei share average, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan November 1, 2021. REUTERS/Issei Kato By Kanupriya Kapoor (Reuters) – Asian shares rose broadly on Friday morning after softer-than-expected U.S. employment data raised the possibility of…
As you’re surely aware, stocks have hit the skids this year, with the S&P 500 dropping 14% year to date, thanks to roaring inflation, soaring bond yields and the war in Ukraine. But the jump in yields has drawn individual investors to Treasury bonds. Treasury yields have hit their highest levels since 2018. The 10-year…
The first half of 2022 hasn’t been kind to biotech stocks, but the pain has been especially acute for the smallest drug developers with the earliest-stage pipelines. Although corrected valuations have led many to suggest increased levels of mergers and acquisitions are ahead, that hasn’t happened yet. That means small-cap biotech stocks need to rely…
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Technoprobe founder Giuseppe Crippa. Laila Pozzo/Technoprobe At age 60, Giuseppe Crippa accepted a buyout package and started making devices to test microchips. In February his company Technoprobe, whose clients include Apple and Samsung, finally went public. Giuseppe Crippa was offered a severance package from French-Italian semiconductor manufacturer STMicroelectronics (STM) in 1995. Crippa took it, ending…
© Reuters. FILE PHOTO: A shopper carries bags after the Swiss government relaxed some of its COVID-19 restrictions, as the spread of the coronavirus disease continues, at the Bahnhofstrasse shopping street in Zurich, Switzerland March 1, 2021. REUTERS/Arnd Wiegmann By John Revill ZURICH (Reuters) -Swiss prices increased in May by their highest level in nearly…
Considered by many to be the top airline, Delta Air Lines (DAL) – Get Delta Air Lines, Inc. Report just can’t catch a break. Investors were looking for a potentially significant rotation to take place over last week’s high. Instead what they’re getting is a 5.5% selloff on Wednesday. Shares were higher by more than 3%…
© Reuters. FILE PHOTO: The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Phot By Mike Dolan LONDON (Reuters) – Markets may be missing the mix. As financial…





