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Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o

From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim

Consumers in China focus on factors such as the price and driving range the most while buying an electric car, according to areport by CNBC.What Happened: As per the CNBC report, which is based on conversations from around China and not on qualitative research, some consumers prefer to buy local electric cars due to their cheaper prices, customer care service and the driving range on a single battery charge.While Tesla Inc. TSLA is the market leader for high-end vehicles in China, the world’s la

- Wall Street ended lower on Tuesday, pulled down by Apple and Tesla, while materials stocks climbed as investors waited for the U.S. Congress to approve another stimulus package.Following strong gains in the prior session, technology shares dipped in the resumption of a rotation by investors out of stocks that outperformed due to the coronavirus pandemic and into others viewed as likely to do well as the economy recovers. The S&P 500 materials and consumer staples sector indexes rose.“Part of

Positive earnings from a Chinese EV peer hasn't helped stocks in the sector today.Many stocks in the electric-vehicle sector are sinking today, and Chinese EV maker NIO is no exception. With its fourth-quarter and full-year 2020 earnings looming, shares dropped as much as 10% Thursday.Fellow ChineseEV maker Li Auto reported its fourth-quarter earnings today, but the results shouldn't be scaring investors in the sector. Li Auto reported a surprise profit for its fourth quarter, which could bode

Apple’s search for an auto maker to join the tech giant’s project to build autonomous vehicles continues, following reports that discussions have dissolved withNissan.The back story.There has been speculation over Apple’s vehicle ambitions since 2015, when The Wall Street Journalreported that it was gearing up to take on Tesla. The iPhone maker has been highly secretive about its plans for “Project Titan,” confirmed in 2016, which has evolved to encompass self-driving, or autonomous, electric ve

KEY POINTS Shares of the bricks-and-mortar video game retailer surged 1,625% in January and 400% ju

KEY POINTSThe sharp move higher builds off gains for silver and silver-related equities late last we