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 […]
Tag: softens
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Republican Sen. Rick Scott softens his abortion position after Florida Supreme Court ruling
WEST PALM BEACH, Fla. (AP) — Sen. Rick Scott of Florida this week joined the ranks of Republican incumbents scrambling to strike a balance on reproductive rights, saying he opposes a November ballot initiative to strike down his state’s six-week abortion ban but thinks Congress should leave those decisions to the states. Scott, who is […]
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 […]