Here are some of the bigger stock movers Thursday: Stock gainers: Tesla Inc. TSLA shares climbed 1.5%, reversing an earlier intraday loss of as much as 4.3%. The initial selloff followed a downgrade to equal weight from overweight at Morgan Stanley, which cited concerns over valuation and the expectation that…
The $9.5 billion profit posted by First Citizens Bancshares Inc. from a one-time gain on its acquisition of Silicon Valley Bank stands out as the second-largest profit among all banks in the second quarter and is much higher than in any previous quarter for the company.In an eventful period for…
Intel Corp.’s stock fell for a second consecutive session Wednesday, and was again the worst performer in the Dow Jones Industrial Average, after the chip maker laid out plans to compete against third-party fab giant Taiwan Semiconductor Manufacturing Co. Intel’s INTC, -0.58% shares, which had been down about 2% before…
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Shares of Tesla Inc. ended more than 5% lower Wednesday in the wake of a downgrade by Barclays. The electric-vehicle maker’s TSLA, +1.98% stock notched its worst one-day percentage drop since April 20, when it fell 9.75%. Earlier Wednesday, analyst Dan Levy at Barclays said that for all that Tesla…
Here we go again. Christie’s ideas include means-testing Social Security benefits for the very wealthy, and raising the retirement age for those in their 30s or 40s. Neither idea is totally crazy. Neither even need be draconian — at least in principle. But the devil, as usual, will be in…
[]The numbers: The number of Americans who applied for unemployment benefits last week was flat at 264,000, leaving it at a nearly two-year high and possibly signaling some decay in the U.S. labor market. []New jobless claims from two weeks ago were revised slightly to 264,000 from an original 262,000,…
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The summer haze settling over stocks doesn’t look ready to budge Thursday, with the S&P 500 index SPX in the throes of its longest losing streak since May. On the bright side, the index is looking at a 6% gain for the June quarter, whose end is just a few…
A war of words between tech billionaires Elon Musk and Mark Zuckerberg has led to the two men challenging each other to a cage fight. The dispute has broken out after Facebook parent Meta Platforms Inc. META, -0.95% hinted it was planning to launch a social media platform that would…