U.S. main stock indexes opened lower on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit well below estimates. The Dow Jones Industrial Average fell 28.34 points, or 0.08 percent, at the open to 33,671.54. The S&P 500 opened lower…
Global Shares Fall, Eyes on Inflation, Earnings, Growth
February 10, 2023
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TOKYO—Global shares were mostly lower on Friday after Wall Street retreated for a second day as market watchers considered earnings reports and various indicators about whether inflation is waning in the U.S. and elsewhere. France’s CAC 40 lost 0.3 percent in early trading to 7,169.30, while Germany’s DAX shed 0.4 percent to 15,455.07. Britain’s FTSE…
Wall Street Sinks as Early Rally Fizzles Amid Higher Yields
NEW YORK—Stocks dropped Thursday following another mixed set of profit reports from companies, as rising expectations for interest rates keep up the pressure on Wall Street. The S&P 500 fell 0.9 percent, while the Dow Jones Industrial Average lost 249 points, or 0.7 percent, and the Nasdaq composite sank 1 percent. All three indexes had…
Toyota’s 3rd-Quarter Profit Jumps 22 Percent, Buoyed by Weak Yen and Higher Sales
TOKYO—Japan’s Toyota Motor Corp. posted a surprise 22 percent rise in third-quarter operating profit on Thursday, as a weaker yen and higher sales volumes helped the world’s top automaker overcome a jolt from the soaring costs of raw materials. Global car makers have been squeezed by both the semiconductor shortage and rising costs, adding to…
PepsiCo Says No More Price Hikes After Better-Than-Expected Quarterly Results
PepsiCo Inc. said on Thursday it will not further raise prices of its sodas and snacks after multiple rounds of price hikes last year that helped the beverage giant post fourth-quarter profit and revenue ahead of analysts’ estimates. A near duopoly in the carbonated drinks market with Coca-Cola Co. helped PepsiCo raise prices over the…
Oil Prices Steady After US Stockpile Swell
February 9, 2023
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LONDON—Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could keep raising interest rates. Brent crude futures gained 30 cents to $85.39 a barrel by 0856 GMT, while U.S. West Texas Intermediate (WTI) crude futures…
Oil Prices Steady After US Stockpiles Swell
February 9, 2023
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LONDON—Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could keep raising interest rates. Brent crude futures dipped 12 cents to $84.97 a barrel by 1227 GMT, while U.S. West Texas Intermediate (WTI) crude futures…
World Shares Mixed After Wall Street Falls on Rate Hike Worries
February 9, 2023
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BANGKOK—Shares advanced in Europe after a mixed session Thursday in Asia as uncertainty persists over interest rates and inflation. Benchmarks rose in Paris, London, Shanghai, and Hong Kong but fell in Tokyo, Seoul, and Sydney. U.S. futures gained while oil prices also were higher. Germany’s DAX added 1.4 percent to 15,621.11 and the CAC 40…
Stocks Fall on Wall Street, Giving Back Some Recent Gains
NEW YORK—Stocks fell on Wall Street Wednesday, giving back some of their recent gains as uncertainty about interest rates and inflation continues to reign. Investors also reviewed another set of mixed earnings reports from big companies. The latest round of financial results and forecasts could help give Wall Street a clearer picture of how inflation…
‘Do Anything Now’ Frees ChatGPT From Political Straitjacket—but Accuracy Is a Concern
February 8, 2023
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Conservatives, libertarians, and others worry that the new ChatGPT AI chatbot is designed to make people conform to elite liberal opinion–yet creative Internet users have already learned how to trick the system into shedding that bias, though sometimes at the expense of the truth. ‘Do Anything Now,’ or DAN, is an approach for jailbreaking ChatGPT….
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