Tesla stock dropped more than 15% over the last few days to close the week at $211.99 after the company posted third-quarter earnings on Wednesday.
Dow closes nearly 300 points lower after 10-year Treasury yield tops 5% for the first time since 2007: Live updates
A runup in Treasury yields rocked the equities market this week, leaving the major averages on pace for weekly losses.
Biden seeks $105 billion for Ukraine, Israel, Taiwan, border security
The bulk of the aid in Biden’s request is for Ukraine, over $61 billion, and he’s seeking another $14.3 billion for Israel.
Ukraine ally Poland is moving to the political center. And that’s bad news for Russia’s Putin
Victory for the Donald Tusk-led opposition “prevents the emergence of a populist Euroskeptic alliance in Central Europe” and will reset Ukraine relations.
Israel-Hamas war live updates: Biden to ask Congress for ‘urgent budget request’ to support Israel and Ukraine
Israeli Prime Minister Benjamin Netanyahu warned Thursday that Israel’s conflict with Palestinian militant group Hamas will not be a short-term engagement.
Asia markets extend losses after Powell’s comments; Japan inflation slows
Japan’s headline inflation came in at 3%, the 18th straight month above the BOJ’s 2% target, while China will release its one-year and five-year loan prime rates later Friday.
Canada pulls 41 diplomats from India as bilateral tensions escalate over Sikh killing
India and Canada are locked in a dispute over Ottawa’s claims that the Indian government orchestrated the extra-judicial slaying of a Sikh separatist in Vancouver.
Big banks are quietly cutting thousands of employees, and more layoffs are coming
Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.
Powell says inflation is still too high and lower economic growth is likely needed to bring it down
Powell hinted the labor market and economic growth may need to slow to ultimately achieve the Fed’s goal.
Europe gives Meta, TikTok six days to share information on response to Israel-Hamas conflict
The EU said it would like Meta and TikTok to hand over information on how they’re tackling misinformation about the Israel-Hamas war.