Investors press pause with stocks largely steady as Federal Reserve decision looms
Miners fall as China aims to cool soaring commodity prices. European stocks inched up on Wednesday, while U.S. equity futures traded flat as investors waited for the outcome of a Federal Reserve policy meeting due later. Miners were lower as China took aim at soaring commodity prices.The Stoxx Europe 600 index rose 0.1% , the German DAX was down 0.3%, the French CAC 40 was up 0.1% and the FTSE 100 index was up 0.1%.U.S. equity futures held steady a day after the S&P 500 and Nasdaq Composite back
Tesla posts record net income of $438 million, revenue surges by 74%
Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be deliv