Tesla fired hundreds of employees in past week

(Reuters) – Luxury electric vehicle maker Tesla Inc (TSLA.O) fired about 400 employees this week, including associates, team leaders and supervisors, a former employee told Reuters on Friday. The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without confirming the number of employees leaving the More...

by admin | Published 1 week ago
By admin On Saturday, October 14th, 2017

Wall St. ends up after economic data; S&P up for a fifth week

NEW YORK (Reuters) – U.S. stocks rose on Friday following upbeat economic data and gains in technology shares, pushing the Dow and the S&P 500 to a fifth straight week of gains. Data showed U.S. retail More...

By admin On Friday, October 13th, 2017

Dollar stays low as stocks cheer latest record streak

LONDON (Reuters) – World stocks rose for a fourth straight day on Friday on expectations of broad-based global growth, while the dollar headed for its worst week in five as investors awaited U.S. inflation More...

By admin On Thursday, October 12th, 2017

Bond trading slump clouds JPMorgan earnings beat

(Reuters) – JPMorgan Chase & Co’s (JPM.N) quarterly profit and revenue easily trumped Wall Street’s expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest More...

By admin On Wednesday, October 11th, 2017

Delta refuses to pay tariffs on Bombardier CSeries jets

NEW YORK (Reuters) – Delta Air Lines Inc on Wednesday said the carrier would not foot the bill of a 300 percent tariff that the U.S. Commerce Department wants to impose on Canadian-built Bombardier CSeries, More...

By admin On Tuesday, October 10th, 2017

Wal-Mart helps Wall Street to new records, but techs curb gains

(Reuters) – Wall Street hit fresh record intraday highs on Tuesday, helped by a jump in Wal-Mart and energy stocks, but the gains were limited by declines in Amazon and technology stocks. Wal-Mart (WMT.N) More...

By admin On Monday, October 9th, 2017

Wall Street recedes from highs as quarterly reports loom

(Reuters) – Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset a drop in General Electric and a slide in healthcare stocks. The S&P healthcare More...

By admin On Sunday, October 8th, 2017

Exclusive: Honeywell prepares to spin off businesses -sources

(Reuters) – Honeywell International Inc (HON.N) plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, More...

By admin On Saturday, October 7th, 2017

Fed must hike rates in face of hot U.S. labor market: Rosengren

MONTREAL (Reuters) – The Federal Reserve must respond to “very tight” U.S. labor markets by gradually raising interest rates or risk halting the economic recovery, a hawkish Fed official said on Saturday. More...

By admin On Saturday, October 7th, 2017

S&P 500 breaks record run on jobs data, drug chain drop

NEW YORK (Reuters) – The S&P 500 eased on Friday, ending a six-day run of record highs as the first monthly decline in U.S. nonfarm jobs in seven years dampened sentiment and pharmacy shares fell on Amazon More...