Category: Latest News
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Tesla Q1 2024 deliveries at 386,810
Tesla Inc. (NASDAQ:TSLA) revealed on Tuesday in a press release that its deliveries in the first trimester of 2024 reached 386,810 units, going lower than estimates. The number of vehicles produced in the reported quarter was 433,371 units. The electric carmaker stated that the decrease in quantities “was partially due to the early phase of…
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GM’s US deliveries in Q1 decline 1.5% to 594,233
General Motors Company (NYSE:GM) announced on Tuesday in a press release that its deliveries in the United States in the first trimester of 2024 amounted to 594,233 vehicles, falling 1.5% year over year. Meanwhile, the carmaker noted that its retail sales for the reported period saw an annual growth of 6%. The firm further added…
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Fed’s Daly sees no urgency to adjust funds rate
United States Federal Reserve Bank of San Francisco President Mary Daly underlined on Tuesday that there is “no urgency” to modify the Fed funds rate, stressing the “real risk” of implementing rate cuts prematurely. The Fed official noted that the US economy is “improving” and added that while three rate cuts could be considered “reasonable”…
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Mester rules out rate cuts at Fed’s May meeting
Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that she still expects interest rate cuts this year “if the economy evolves as expected.” However, she ruled out the possibility of any rate cuts during the upcoming policy meeting in May. “I continue to think that the most likely scenario is that inflation…
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US job openings at 8.8 million in February
Job openings in the United States stood at 8.8 million in February, little changed from the previous month, the US Bureau of Labor Statistics reported Tuesday. The job opening rate remained unchanged for the third month in a row at 5.3%. The Job Openings and Labor Turnover Survey (JOLTS) showed that the number and rate…
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US factory orders up 1.4% in February
New orders for manufactured goods in the United States stood at $576.8 billion in February, representing an increase of 1.4% month on month, the US Census Bureau revealed in its report on Tuesday. Shipments were also up 1.4% compared to January and reached $581.6 billion, while unfilled orders remained virtually unchanged at $1.3 trillion. Inventories…
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New Manufactured Goods Orders, Job Openings Reports Due
The Commerce Department is scheduled to release its report on new orders for manufactured goods in the month of February at 10 am ET. Factory orders are expected to increase by 1.0 percent in February after tumbling by 3.6 percent in January. Also at 10 am ET, the Labor Department is due to release its…
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Renewed Interest Rate Uncertainty May Weigh On Wall Street
The major U.S. index futures are currently pointing to early weakness on Tuesday, with stocks likely to see further downside after turning lower over the course of the previous session. Renewed uncertainty about the outlook for interest rates may weigh on the markets as traders digest recent U.S. economic data. Last Friday’s closely watched inflation…
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Dow, S&P 500 Give Back Ground But Nasdaq Inches Higher
After failing to sustain an early move to the upside, stocks moved mostly lower over the course of the trading day on Monday. The Dow and the S&P 500 gave back ground after ending last Thursday’s trading at record closing highs, while the tech-heavy Nasdaq managed to end the day in positive territory. While the…
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ISM: US manufacturing activity expands in March
The manufacturing activity in the United States in March recorded an increase from its previous reading in February, the Institute for Supply Management (ISM) stated in a report on Monday. The manufacturing PMI was registered at 50.3% in March, coming in above market expectations. The figure marked a rise of 2.5 percentage points when compared…