The sight of a cockroach is enough to send a chill through most people. They have earned a reputation as dirty creatures that carry diseases. The fact that they have been around for millions of years doesn’t help. There are actually over 4,000 species of these cold-blooded insects in the …
Read More »Tesla stock falls after third-quarter deliveries keep demand concerns alive
Tesla Inc. stock fell more than 5% Friday after the Silicon Valley car maker reported quarterly sales that were above Wall Street consensus and hit a record but failed to dispel concerns about the company’s longer-term goals. Tesla TSLA, -7.37% earlier Friday said it delivered 139,300 vehicles in the third …
Read More »Market Snapshot: Dow ends 170 points lower, snaps 3 days of gains, as coronavirus concerns drag indexes lower
U.S. stocks slumped in the final hour of trade Wednesday to end three days of gains, as investors monitored signs of a revival of the coronavirus pandemic in some U.S. states and China, while still hoping for a quick economic recovery as business activity resumes. Investors also parsed the second …
Read More »Capitol Report: McConnell, Rubio support House bill changing Paycheck Protection Program, but other Senate Republicans raise concerns
Some key Senate Republicans are throwing their support behind a bipartisan House bill that would give small businesses more time to use Paycheck Protection Program loans and let borrowers spend less of their loan proceeds on payroll, but other GOP senators have concerns about the measure, potentially preventing swift action …
Read More »Futures Movers: Oil futures fall as concerns about storage capacity prevail despite a smaller-than-expected rise in U.S. crude supplies
Crude futures traded lower on Wednesday, with the U.S. benchmark contract at risk of snapping a five-session streak, pressured by concerns over tightening oil-storage capacity even as weekly crude inventories rose less than expected and domestic production declined. The build in weekly U.S. crude inventories reported by the Energy Information …
Read More »CityWatch: Sunny weekend in New York City raises social-distancing enforcement concerns
New Yorkers flocked to parks and outdoor spaces this past weekend as the mercury topped 70 degrees Fahrenheit in the city, but the crowds raise serious questions about how officials will enforce stay-at-home orders for weeks to come. On Monday morning, Mayor Bill de Blasio took the opportunity to remind …
Read More »No fans for March Madness: Sporting events are being canceled or will be held in empty arenas amid coronavirus concerns
The games go on, but where and in front of how many? The NCAA’s decision not to allow fans to its annual March Madness tournaments for men and women is the most jarring example yet. NCAA President Mark Emmert made the announcement late Wednesday. “Only essential staff and limited family …
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