Author: News Room
© Reuters. FILE PHOTO: Tesla electric vehicles (EVs) fast-charge using Tesla Superchargers at a Buc-ee’s travel center and gas station in Baytown, Texas, U.S., March 18, 2023. REUTERS/Bing Guan By Akriti Sharma and Abhirup Roy (Reuters) -Tesla cut prices in the United States between 2% and nearly 6%, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability. The fifth such cut in Tesla (NASDAQ:)’s largest market since the start of the year comes as the United States prepares to adopt tougher standards this month that are expected…
My mother is 80, unmarried, and owns two homes on one lot in Berkeley, Calif. The property consists of one single-family home and one cottage. She lives in one and rents the other. She has never really worked and has no savings. She rents one of the houses and lives in the other, getting by with the rental income and nominal Social Security of approximately $1,500 a month. Due to expensive repairs needed during the last year, she now has no cash reserves, and she’d like to fix that. She would ideally like to tap into some of the equity in…
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly!INVESTING NEWS & TRENDSHow your vote for Democrats or Republicans affects your stock market returns Consider hiring a financial adviser who belongs to a different political party from yours, writes Mark Hulbert. Read More The S&P 500 has hit a wall, but powerful market forces are shaping up to push it through The S&P 500 chart won’t turn bullish unless the index can break out over at least 4200 and probably 4300, writes Lawrence McMillan. Read MoreBanks managed…
U.S. stocks are poised for a mixed open on Monday, ahead of the beginning of first-quarter earnings season. At 6:24 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures gained 52 points, or 0.1%, while the S&P 500 futures gained 0.2%, and Nasdaq Composite futures rose 0.1%. Crude oil futures (West Texas Intermediate, the U.S. standard) gained 0.3% to $80.94 a barrel. Brent crude, the international standard, gained 0.3% to $85.42 a barrel. This week’s notable earnings include: Tilray on Monday; Albertsons and CarMax on Tuesday; Rent the Runway on Wednesday; Delta Air Lines and Fastenal on Thursday; and…
Highly classified Pentagon documents leaked online in recent weeks have provided a rare window into how the US spies on allies and foes alike, deeply rattling US officials, who fear the revelations could jeopardize sensitive sources and compromise important foreign relationships. Some of the documents, which US officials say are authentic, expose the extent of US eavesdropping on key allies, including South Korea, Israel and Ukraine. Others reveal the degree to which the US has penetrated the Russian Ministry of Defense and the Russian mercenary organization Wagner Group, largely through intercepted communications and human sources, which could now be cut…
A Saudi Arabian delegation has arrived in Yemen to negotiate an end to the long-running war that has pitted the kingdom and its allies against the Iran-backed Houthi militia group.The delegation, and a team from Oman which had mediated negotiations, are due to meet a top rebel leader in the Houthi capital Sana’a in the coming days, in order to “lift the siege and end the aggression”, a Houthi news agency said on Sunday.Diplomats had said in recent weeks that there was progress in talks, and the visit comes after Saudi Arabia agreed to normalise relations with Iran, which had…
With one of the most valuable natural gas pipeline systems in the country in Transco and an attractive valuation, Williams Companies (NYSE:WMB) look like an attractive stock at current levels. Company Profile WMB is a diversified midstream operator. It owns interstate natural gas pipelines; gathering, processing and treating assets; NGL marketing services, and crude oil transportation and production handling assets. The company operates in four segments. Its Transmission & Gulf of Mexico segment includes its large interstate natural gas pipelines Transco, Northwest Pipeline, and MountainWest, as well as related natural gas storage facilities. The segment also includes natural gas gathering…
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The most well-known cryptocurrencies, Bitcoin and Ethereum, are ending the week on a bearish note, with both coins continuing to lose value. Bitcoin recently fell below $28,000, while Ethereum has fallen to $1,800. Although Bitcoin reached $28,500 earlier this week, the rally was short-lived, as the price quickly fell. Similarly, Ethereum failed to reach $1,800 on Sunday morning, causing investors to be concerned.However, the reason for the latest decline can be traced back to the news that Binance, a leading crypto exchange, is facing crypto regulations in the US and Dubai. The Virtual Assets Regulatory Authority (VARA) in Dubai has told Binance,…
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