Best known as the CEO of Tesla, Elon Musk also wears many other hats with titles of co-founder, owner and CEO pertaining to SpaceX, The Boring Company, Neuralink and social media platform X, formerly known as Twitter. One of the companies co-founded by Musk recently...
United Parcel Service Inc (NYSE:UPS) has lowered its full-year financial outlook and posted weaker-than-anticipated second-quarter revenue, as the logistics firm was hit by labor negotiations and weaker U.S. consumer spending. In July, UPS reached a tentative deal...
JPMorgan economists no longer anticipate a U.S. recession this year. The change in sentiment comes as the U.S. economy continues to expand at a healthy pace. “Given this growth, we doubt the economy will quickly lose enough momentum to slip into a mild contraction as...
The Big Number It’s that time again. The monthly jobs report, set for release at 8:30 a.m. tomorrow, is expected to show the labor market’s still kicking. Economists estimate the US added 200,000 jobs in July, about the same as in June, while the unemployment...
Oil prices rose slightly on Thursday after steep losses in the prior session, with a recovery in the dollar largely offsetting optimism over data showing a substantial drop in U.S. oil inventories over the past week. Increased risk aversion, after ratings agency Fitch...
Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Traders’ immediate...
