Tag: softens

Record-setting rally stalls as Nvidia slides and economic data softens

Stocks were mixed on Thursday as a multi-day rally to record highs stalled. Momo Takahashi/BI US stocks closed mostly lower Thursday, ending a long streak of gains for the S&P 500 and the Nasdaq. Nvidia dropped after soaring to records earlier in the day. Traders were also assessing weak housing-market data and elevated weekly jobless […]

BYD Misses Earnings Estimates as Global EV Demand Softens

(Bloomberg) — BYD Co.’s earnings fell short of analyst expectations as demand for battery-powered cars softened late last year. Most Read from Bloomberg Preliminary 2023 net income rose at least 75% from the previous year to between 29 billion yuan ($4 billion) and 31 billion yuan, the company said Monday in a filing with the […]

Adams softens budget cuts amid better-than-expected revenue

NEW YORK — New York City Mayor Eric Adams is set to release a $109.4 billion budget that contains far less doom and gloom than he had originally warned of, according to several people familiar with the blueprint the mayor is unveiling Tuesday afternoon. In short: Higher revenue projections, less money spent on migrants and […]