Salesforce, UiPath, Best Buy, Kohl’s, Foot Locker, HP Inc., C3.ai, Nutanix, and More Stock Market Movers
Stocks fell Thursday as Salesforce issued a weak outlook and rising bond yields weighed on sentiment. Salesforce reported first-quarter adjusted earnings that topped Wall Street predictions but shares of the business-software company were falling 18% after revenue of $9.13 billion…
Supercar EV Sales Whimper as Buyers Still Want an Engine Roar
The auto industry is fully committed to electrification, including supercar manufacturers such as Ferrari, Maserati, Aston Martin, Lamborghini, and Bugatti. But that doesn’t mean the road to full EV is not going to be full of bumps. Early EV supercars…
BYD and VW Turn Up the Heat on Tesla With Better Plug-in Hybrids and Cheaper EVs
Global auto makers are unveiling better cars and technologies in what is becoming an industry that has become more complicated and competitive every day. On Tuesday, Chinese electric-vehicle maker BYD unveiled the fifth generation of its plug-in hybrid technology that…
Retail sales surge 0.7% in March with Americans seemingly unfazed by higher prices
Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges By ANNE D’INNOCENZIO AP Business Writer April 15, 2024, 8:44 AM ET •…
The Stock Market Is Starting to Sink. Earnings Could Fuel a Turnaround.
This past week was a difficult one for markets, as investors digested March’s higher-than-hoped-for inflation data, which further delayed any anticipated interest rate cuts. Yet earnings results could help lift stocks out of their funk. The S&P 500 fell 1.6%…