YouTube Chief Executive and one of the first Google employees, Susan Wojcicki, is stepping down from her role at the tech giant that started in her garage nearly 25 years ago, she said in a personal update on the video-sharing platform on Thursday. Wojcicki, 54, will be replaced by her deputy Neal Mohan, a senior…
YouTube CEO Wojcicki, One of the First Google Employees, Steps Down
Business Chart of the Day: Bearish Pattern in Tesla’s Stock
A classic “descending triangle” pattern has formed on the chart of Tesla, Inc. It has bearish implications and suggests shares may trade lower. Over the past month, buyers of Tesla stock have been complacent. They’ve held their ground and patiently waited around $1,000. This turned it into a support level. At the same time, the…
Dollar Looks Set to End Week Down, Yen Nears a 3-Year Low
October 15, 2021
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LONDON—The dollar headed for its first weekly decline versus major peers since the start of last month on Friday as global risk appetite rebounded, while the Japanese yen headed for a three-year low and the price of bitcoin hit nearly $60,000. The dollar index slipped 0.1 percent to 93.9 and was down 0.2 percent for…
Nasdaq Short Interest Down 0.07 Percent in Mid-September
September 25, 2021
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Short interest on the Nasdaq fell 0.07 percent in the first two weeks of September, the exchange said on Friday. As of Sept. 15, short interest fell to about 11.014 billion shares, from 11.023 billion shares as of Aug. 31. Investors who sell securities “short” borrow shares and then sell them, on expectations the stock…
Japan Factory Output Seen Down Again in August on Supply Chain Disruption: Poll
September 24, 2021
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TOKYO—Japan’s factory output likely fell again in August as the country’s manufacturing sector faced supply chain disruptions driven by a global chip shortage and the spread of the Delta coronavirus variant in Southeast Asia. Retail sales also likely eased in August after a sharp rise in July, according to the poll, underscoring the fragility of…
US Jobless Claims Down 24,000 to 400,000 as Economy Recovers
WASHINGTON—The number of Americans collecting unemployment benefits slid last week, another sign that the job market continues to recover rapidly from the coronavirus recession. Jobless claims dropped by 24,000 to 400,000 last week, the Labor Department reported Thursday. The weekly applications have fallen more or less steadily this year—from a peak of 904,000 in early…
Bitcoin Down Almost 50 Percent From Year’s High
Bitcoin fell 13 percent on Sunday after the world’s biggest and best-known cryptocurrency suffered another sell-off that left it down nearly 50 percent from the year’s high. Bitcoin fell to $32,601 at 1800 GMT (2 p.m. ET), losing $4,899.54 from its previous close. It hit a high for the year of $64,895.22 on April 14. Ether,…
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