Tag Archives: begins

Tech leads stocks higher as big earnings week begins

Tech leads stocks higher as big earnings week begins

U.S. stocks gained Monday as investors braced for a jam-packed week of corporate earnings and contemplated the Federal Reserve’s next rate move before officials meet later this month. The S&P 500 (^GSPC) advanced 1.2%, while the Dow Jones Industrial Average (^DJI) jumped about 250 points, or 0.8%. The technology-heavy Nasdaq Composite (^IXIC) again led the way higher, rallying 2%. The moves Monday come after the S&P 500 and Nasdaq rallied toward a winning week on Friday, regaining their… Source link

Read More »

U.S. officially hits debt limit, begins ‘extraordinary measures’ to pay bills

U.S. officially hits debt limit, begins ‘extraordinary measures’ to pay bills

The U.S. government hit its borrowing limit Thursday, causing the Treasury to activate “extraordinary measures” to keep paying the government’s bills. Treasury Secretary Janet Yellen sent a letter Thursday morning to House Speaker Kevin McCarthy, noting that a “debt issuance suspension period” will begin on Thursday, Jan. 19 and last through Monday, June 5. As part of that, the government will not funnel new investments into the Civil Service Retirement and Disability Fund, as well as suspend… Source link

Read More »

U.S. officially hits debt limit, begins ‘extraordinary measures’ to pay bills

U.S. officially hits debt limit, begins ‘extraordinary measures’ to pay bills

The U.S. government hit its borrowing limit Thursday, causing the Treasury to activate “extraordinary measures” to keep paying the government’s bills. Treasury Secretary Janet Yellen sent a letter Thursday morning to House Speaker Kevin McCarthy, noting that a “debt issuance suspension period” will begin on Thursday, Jan. 19 and last through Monday, June 5. As part of that, the government will not funnel new investments into the Civil Service Retirement and Disability Fund, as well as suspend… Source link

Read More »

Prospective jurors sound off on Elon Musk as jury selection begins in Tesla tweet trial

Prospective jurors sound off on Elon Musk as jury selection begins in Tesla tweet trial

The jury selection process in the trial to determine if one of Elon Musk’s infamous tweets violated U.S. securities laws kicked off on Tuesday. The trial comes after Tesla’s shareholders sued Musk and Tesla’s board of directors in 2018, alleging that Musk illegally posted on Twitter that funding had been secured to privatize the electric vehicle company. Musk’s post, the shareholders say, artificially manipulated Tesla’s stock price. “Am considering taking Tesla private at $420…. Source link

Read More »

GE HealthCare begins trading as spin-off heralds shift to corporate streamlining

GE HealthCare begins trading as spin-off heralds shift to corporate streamlining

A longstanding medical tech maker is now set to make its own moves. GE HealthCare made its market debut on Wednesday under the ticker symbol GEHC, finalizing a spin-off from General Electric (GE), which is shifting its focus exclusively to aviation. “It’s enabled us to kind of simplify how we run the company,” Peter Arduini, CEO and president of GE HealthCare, said in an interview with Yahoo Finance (video above). “And ultimately, it’s about capital allocation over the long run.” GE… Source link

Read More »

Musk begins his Twitter ownership with firings, declares the ‘bird is freed’

Musk begins his Twitter ownership with firings, declares the ‘bird is freed’

By Sheila Dang and Greg Roumeliotis (Reuters) – Elon Musk has taken ownership of Twitter Inc with brutal efficiency, firing top executives immediately but providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. “The bird is freed,” he tweeted after he completed his $44 billion acquisition on Thursday, referencing Twitter’s bird logo in an apparent nod to his desire to see the company have fewer limits on content that can… Source link

Read More »

Musk begins his Twitter ownership with firings, declares the ‘bird is freed’

Musk begins his Twitter ownership with firings, declares the ‘bird is freed’

By Sheila Dang and Greg Roumeliotis NEW YORK (Reuters) -Elon Musk has taken ownership of Twitter Inc with brutal efficiency, firing top executives but providing little clarity over how he will achieve the ambitions he has outlined for the influential social media platform. “The bird is freed,” he tweeted after he completed his $44 billion acquisition on Thursday, referencing Twitter’s bird logo in an apparent nod to his desire to see the company have fewer limits on content that can be… Source link

Read More »

Google begins rolling out its iOS 16 Lock Screen widgets • TechCrunch

Google begins rolling out its iOS 16 Lock Screen widgets • TechCrunch

Google’s anticipated iOS 16 Lock Screen widgets have now begun to arrive. Alongside the launch of Apple’s new mobile operating system, iOS 16, the search giant last month had teased its plans to support the iPhone’s newest feature that allows users to place widgets directly on their phone’s lock screen, offering information and easy access to favorite apps. Google said it would soon release widgets for a number of its top apps including Search, Maps, Gmail and others. Google’s… Source link

Read More »