When government leaders and virtue-signaling billionaires make poor decisions, they never seem to suffer consequences. Only the victims of their arrogance and greed have to pay the price. In a news release Wednesday, the Amazon-backed electric-vehicle manufacturer Rivian announced poor fourth-quarter 2023 financial results and dismal 2024 expectations, which led to a 17 percent decline […]
China’s troubled property market continues to get a lot of the headlines but China’s stock market is also in terrible shape right now. The total losses since 2021 are roughly $7 trillion dollars. While U.S. stocks have been soaring, Chinese shares have been on a seemingly interminable downward slide. China’s benchmark CSI 300 index is […]
SAN FRANCISCO — Apple snapped out of a yearlong sales funk during its holiday-season quarter, propelled by solid demand for the latest model of its iPhone and still-robust growth in a services division facing legal threats that could undermine its prospects. The modest revenue growth announced Thursday as part of Apple’s October-December results ended four […]
Volvo stock was doing well Thursday, but it wasn’t because of a new product launch or something that the Swedish car manufacturer was building. On the contrary — the stock was up on the news that the company was going to stop doing something. Shares in Volvo were up 26 percent Thursday after it announced that […]
UPS slid before the opening bell Tuesday as the package delivery company announced that it’s eliminating approximately 12,000 jobs and looking at strategic options for its Coyote truck load brokerage business. Last year union members at UPS voted to approve a tentative contract agreement, putting a final seal on contentious labor negotiations that threatened to […]
Look out, Google: YouTube’s free speech-centric competitor just scored a major partnership, and the market is noticing in a big way. On Monday, Rumble — the less-restrictive alternative video platform backed by Silicon Valley billionaire Peter Thiel, which aims to “create technologies that are immune to cancel culture” — announced a partnership with Barstool Sports, […]
For those of you who pay attention to China’s stock market, you may have noticed that it’s getting battered as of late — with $6.3 trillion U.S. in losses and indices hitting five-year lows. If stock-watchers in Beijing think this is bad, however, they ought to be warned: It could be just a taste of […]
Welcome, Login to your account.
Welcome, Create your new account
A password will be e-mailed to you.