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Tesla shares suffer New Year’s hangover on demand worries, delivery issues

The stock is the first loser in the S&P 500 on the first trading day of 2023 Selloff removes $50 billion from market capitalization Tesla misses fourth-quarter vehicle delivery estimate The electric vehicle company is still the world’s most valuable automaker Jan 3 (Reuters) – Tesla Inc. (TSLA.O) Stocks kicked off 2023 with a thud, …

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Tesla reports record quarterly deliveries but misses estimates

Rare for Tesla to deliver less than it produces Tesla stock in 2022 had its worst year since its IPO Jan 2 (Reuters) – Tesla Inc. (TSLA.O) Monday reported record fourth-quarter electric vehicle production and shipments but missed Wall Street estimates, dogged by logistical issues, slowing demand, rising interest rates and fears of recession. The …

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U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government review Indices down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Major Wall Street indexes weakened on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, a rise in COVID cases in China …

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Facebook parent Meta to settle Cambridge Analytica case for $725 million

Dec 23 (Reuters) – Meta Platforms Inc, owner of Facebook (META.O) agreed to pay $725 million to resolve a class action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in a filing in court late Thursday would resolve a …

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Wall Street ends up with help from Nike, FedEx and consumer sentiment

Consumer confidence rebounds in December Data shows lower home sales in November Nike jumps on strong second-quarter results FedEx soars on cost-cutting plans Indices up: Dow 1.60%, S&P 1.49%, Nasdaq 1.54% Dec 21 (Reuters) – All three major Wall Street stock indexes closed higher on Wednesday for their biggest daily gains so far in December …

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Core Scientific files for bankruptcy as crypto winter bites

Dec 21 (Reuters) – Core Scientific Inc (CORZ.O)one of the largest publicly traded cryptocurrency mining companies in the United States, said on Wednesday that it had filed for Chapter 11 bankruptcy, the latest in a series of failures to hit the area. Core Scientific, based in Austin, Texas, attributed its bankruptcy to falling bitcoin prices, …

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Musk to step down as Twitter CEO once he finds ‘someone foolish’ enough as successor

Dec 20 (Reuters) – Billionaire Elon Musk said on Tuesday he would step down as chief executive of Twitter Inc once he finds a replacement, but will still lead some key divisions of the platform. social media. “I’ll step down as CEO as soon as I find someone dumb enough to take the job! After …

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Wall St closes slightly higher after four-day sell off

BOJ policy change rattles global sentiment Tesla drops 8% after brokers cut PT Energy stocks lead gains on crude support Indices up: Dow 0.28%, S&P 0.10%, Nasdaq 0.01% Dec 20 (Reuters) – Wall Street closed slightly higher on Tuesday after four sessions of declines, but investors worried about weak holiday buying and rising bond yields …

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Wall Street falls fourth straight day as recession worries nag

Dec 19 (Reuters) – Wall Street stocks closed lower on Monday for a fourth straight session, with the Nasdaq leading the declines as investors shun riskier bets amid fears the Federal Reserve’s tightening campaign could take a dive the US economy in a recession. The three major U.S. stock indexes have been under pressure since …

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