Articles

Tesla shares fall amid reports that Supercharger unit slashed

Tesla Inc. shares dropped Tuesday after the electric-vehicle maker reportedly cut hundreds of more jobs, including its entire Supercharger unit.

401(k) plans lack one benefit that would make a big difference in retirement

While the U.S. retirement system relies on employer-provided 401(k) plans to help most workers save and invest for their golden years, few of these plans help retirees avoid outliving their old-age savings.

Using debt to finance government spending is not a free lunch

Government debt can be a valuable tool — but it has consequences.

Mario Gabelli reveals his market-beating secrets and offers some favorite stock picks

The veteran investor’s recipe: Find a good business with good management, buy the stock at a reasonable price and hold long-term.

How interest in electric vehicles has stalled over the last 3 years, in one chart

The promised American switch to electric vehicles from gas-engine cars is hitting speed bumps, and a new survey offers fresh indications of that slowdown.

AMD’s gaming-chip sales drop nearly 50%, and stock falls 3%

AMD posted earnings that largely met expectations, but revenue from chips used in gaming dropped nearly 50%.

New Series I bond rate drops to 4.28%, but your rate could be much less if you bought at the peak

The fixed rate holds at 1.3% on new purchases for the next six months, but the inflation-adjusted rate is slightly lower than six months ago.

Starbucks’ stock sinks 8% following ‘highly challenged’ quarter

Starbucks reported fiscal second-quarter earnings late Tuesday that were wide off the mark.

Lumen’s stock gains after beat on free cash flow

Lumen’s CEO cited “expected headwinds” in the latest quarter’s results but the company maintained its full-year outlook.

Pinterest’s stock soars 23% on big revenue and profit beat, 500 million monthly active users

Pinterest Inc.’s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates.

Eight of 11 S&P 500 sectors are headed for their worst month in 2024. Here’s what comes next.

U.S. stocks were on track to close out their worst month of 2024, with eight out of the S&P 500 index’s 11 sectors headed for their biggest monthly percentage decline this year.

Binance founder CZ sentenced to four months in federal prison

Binance founder and ex-CEO Changpeng Zhao was sentenced to four months in federal prison Tuesday for violations of anti-money-laundering laws during his time running the world’s largest cryptocurrency exchange.
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