Latest Market News
Stocks were trading with small gains after the opening bell Thursday in the final session of a holiday-shortened week, as investors weighed a raft of earnings from big Wall Street banks. The Dow Jones Industrial Average DJIA, -0.33% rose 181 points, or 0.5%, while the S&P 500 SPX, -1.21% was up 0.2%. The Nasdaq Composite […]
Tesla Inc. shares TSLA, -3.66% slid 2.7% Thursday, after its Chief Executive Elon Musk launched an unsolicited bid for Twitter Inc. TWTR, -1.68%, raising concerns he may end up running three companies. Musk is offering $54.20 per each Twitter share he does not already own, valuing the social media platform at more than $43 billion. […]
An earlier version of this report had incorrect sales numbers for 2021 and 2020. It has been corrected. Steinway Musical Instruments Holdings Inc., a company created in 1853 to make pianos, launched its initial public offering on Thursday with plans to list on the New York Stock Exchange, under the ticker ‘STWY.” “We are a […]
Business inventories rose 1.5% in February as companies tried to stock up low levels of products on hand. Sales in the month increased 1%, the government said Thursday. The inventory-to-sales ratio rose to 1.26 form 1.25. The ratio reflects how long it would take a company to sell all the goods sitting on warehouse shelves. […]
The U.S. Consumer Product Safety Commission said about 155,000 GE-brand French-door refrigerators with bottom freezers are being recalled, as the freezer handle can detach, posing a fall hazard. GE Appliances, a company of Louisville-based Haier, said the recall involves six models of the “fingerprint-resistant stainless steel” refrigerators sold from February 2020 through January 2022 for […]
Russia on Thursday warned of possible nuclear deployments if Finland and Sweden were to become NATO members, as the two Nordic neighbors took steps toward joining the alliance. Dmitry Medvedev, the deputy head of Russia’s Security Council, said there could no longer be talk about a nuclear-free status for the Baltic region if those two […]