Articles

Congress could take TikTok off your phone. But here’s why it may take a while.

The U.S. House of Representatives is poised to vote Wednesday in favor of a bill that would ban TikTok nationwide if the popular app continues to be controlled by a Chinese parent company.

U.S. budget deficit swells to $296 billion in February

Economists are growing concerned about the size of the deficit.

Tesla’s stock chart sends warning to bears that momentum may have bottomed

Tesla Inc. bears beware: The electric-vehicle giant’s stock has bounced sharply off a 10-month low at a time the charts have been warning that momentum may have already bottomed.

Running-shoe maker On’s stock slides 14% after surprise loss and revenue miss

Swiss running-shoe company On Holding AG’s stock fell 14% Tuesday to put it on track for its biggest one-day selloff in almost two years, after the company posted an unexpected loss for the fourth quarter and revenue that fell short of estimates.

Tesla’s Autopilot, other driver-assistance systems get poor ratings from auto-insurance group

The Insurance Institute for Highway Safety found that there was “little evidence” driver-assistance systems are making driving any safer.

Apple’s iPhone business has been sluggish, but here’s the good news

Apple likely saw declining iPhone unit shipments over the last three years, but a BofA Securities analyst sees some silver linings.

‘Mood matters’: Why the spring forward into daylight-saving time sets stocks back

The U.S. stock market tends to fall on the Monday after the clock loses an hour.

No more free lunches: How laid-off tech workers are surviving a tight job market

Being a tech employee, especially in Silicon Valley, has rarely been more perilous.

Porsche’s stock climbs as luxury brand touts dividend hike, model launches

Porsche is planning four new model launches for 2024, but cautioned they will come at a cost.

Deutsche Bank’s stock rises as CEO says fixed-income unit is winning market share

Deutsche Bank shares rose as much as 5% after the bank’s chief executive said its fixed-income division will see revenue growth this quarter.

3M names new CEO, and the stock is having its best day in 5 months

3M Chief Executive Mike Roman will step down from the role he’s held for past six years — a period marked by a steep drop in the company’s share price.

Leave things alone: The Fed shouldn’t cut rates until recession is an actual threat

The U.S. central bank should stay the course and avoid prematurely celebrating the end of inflation above 2%.
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