How major US stock indexes fared Thursday, 1/25/2024
U.S. stocks closed higher following signals that the economy is growing more powerfully than economists expected
U.S. stocks closed higher following signals that the economy is growing more powerfully than economists expected
NEW YORK — Stocks that traded heavily or had substantial price changes on Thursday: Tesla Inc., down $25.20 to $182.63. The electric vehicle maker reported disappointing fourth-quarter earnings and warned of “notably lower” sales growth this year. International Business Machines Corp., up $16.50 to $190.43. The technology and consulting company beat analysts’ fourth-quarter earnings and…
Netflix on Tuesday blew past Wall Street subscriber estimates in the fourth quarter, driven by a strong slate of shows that included the final season of the long-running royal drama “The Crown” and David Fincher’s original film, “The Killer.” The company reported it added 13.1 million subscribers in the December quarter, its largest fourth-quarter subscriber growth…
ANKARA, Turkey — Turkey’s central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December. The bank brought its benchmark rate to 45%. It’s the eighth interest rate hike since President Recep Tayyip Erdogan has…
NEW YORK — A majority of taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research. Two-thirds of U.S. taxpayers say they…
BOSTON — Hewlett Packard Enterprise disclosed Wednesday that suspected state-backed Russian hackers broke into its cloud-based email system and stole data from cybersecurity and other employees. The provider of information technology products and services said in a Securities and Exchange Commission regulatory filing that it was informed of the intrusion on Jan. 12. It said…
WASHINGTON — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. A year…