Tesla Inc. surprised the market with the news that it’s planning to offer about $2 billion of common stock in an underwritten deal, but an initial negative reaction gave way to hopes it’s the right step considering the recent runup for the stock and the Silicon Valley car maker’s expansion goals. Tesla stock TSLA, +4.73% […]
Stock indexes traded under pressure Thursday afternoon, with the S&P 500 and the Nasdaq struggling to maintain altitude in record territory and the Dow tilting lower after a change in the methodology reported by China resulted in a sharp rise in COVID-19 cases and deaths. What are major indexes doing? The Dow Jones Industrial Average […]
1 / 3 Italy US Arrest This photo provided by the Eaton County Sheriff’s Department and released on April 17, 2109 shows Robert Carabello. Eaton County prosecutors say 35-year-old Caraballo was killed in Charlotte, where he lived, and his remains were found in a metal foot locker that had been set on fire and left […]
WASHINGTON — Legal experts and former federal prosecutors say the Justice Department’s reversal of the sentencing recommendation for President Trump’s former campaign adviser is an extraordinary development that could have a long-term impact on public perception of federal law enforcement’s independence from political interference. Roger Stone, a longtime friend of Trump, was convicted last November […]
Getty Images Joe Biden speaks during the Nevada Democrats’ “First in the West” event at the Bellagio Resort & Casino in Las Vegas last November. The state’s caucuses “can’t come fast enough” for the former vice president, according to one analyst. Democrats’ presidential primary race is turning to Nevada and South Carolina, two states whose […]
Health officials are cautiously optimistic that the slowdown over the last two days in the number of newly confirmed cases of COVID-19, the novel coronavirus that was first identified in late 2019 in Wuhan, China, may indicate that the virus is contained. “The number of newly confirmed cases reported from China has stabilized over the […]
Oil futures finished higher on Wednesday, finding support as a slowdown in the number of new, confirmed cases of COVID-19 in China may translate into a smaller-than-feared hit to crude demand. Prices settled off the session’s best levels, however, as U.S. government showed a third straight weekly rise in crude inventories that was bigger than […]
If Kevin Kruse, a social-media-active history professor at Princeton, has it right, fear featured prominently in this exchange between Trump’s acting budget chief, Russell Vought, and Democratic congressman Albio Sires of New Jersey: Watch this. Administration officials are apparently so terrified of incurring Trump’s wrath they can’t even acknowledge basic facts if they make Obama […]
Micron Technology Inc. shares rallied to lead gains among chip maker stocks Wednesday after another analyst declared the memory-chip glut of 2019 over and boosted his rating on the stock. Micron MU, +3.82% shares rallied 3.9% to $59.50, after touching an intraday high of $61.19, and were on track for their highest close since June […]
WASHINGTON — Fresh from handing President Trump a victory in his impeachment trial, the U.S. Senate has moved to install federal judges who have expressed disdain for the Voting Rights Act, the landmark 1965 law that struck down rules across the South that kept African-Americans from the ballot box. Overturning voting-rights protections tends to benefit […]