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  • Business Highlights

    ___ Tesla shares fall as CEO admits job stress is getting to him DETROIT (AP) — Shares of Electric car maker Tesla Inc. tumbled about 9 percent Friday after CEO Elon Musk conceded in a newspaper interview that job stress may be getting the best of him. Tesla shares closed at $305.50, their lowest level […]
  • How major US stock indexes fared Friday

    U.S. stocks rose late in the day Friday as investors hoped the U.S. and China are making more progress in trade talks. The Wall Street Journal reported that the countries hope to resolve their dispute by November. On Friday: The S&P 500 index rose 9.44 points, or 0.3 percent, at 2,850.13. The Dow Jones Industrial […]
  • Zoe’s and Nordstrom rise while Tesla and Nvidia skid

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Nvidia Corp., down $12.62 to $244.82 The chipmaker’s profit forecast fell short of Wall Street forecasts. Applied Materials Inc., down $3.66 to $43.77 The chipmaking equipment company’s quarterly profit and revenue estimates were lower than analysts expected. Tesla Inc., down $29.95 to $305.50 […]
  • US rig count remains at 1,057; Texas gains 3 rigs

    HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. held steady at 1,057 this week. At this time a year ago there were 946 active rigs. Houston oilfield services company Baker Hughes reported Friday that 869 rigs drilled for oil this week and 186 for gas. Two were […]
  • Stocks jump as hopes rise for progress on China trade talks

    NEW YORK (AP) — Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November. Industrial, health care and basic materials companies made some of the biggest gains. […]
  • Markets Right Now: Stocks shake off wobbly start, end higher

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The stock market shook off a wobbly start and ended broadly higher on hopes that China and the U.S. were making progress on resolving their trade dispute. Industrial and health care companies posted some of the biggest gains Friday. […]
  • The Latest: Tesla shares drop 9 percent after Musk interview

    NEW YORK (AP) — The Latest on Tesla CEO Elon Musk (all times local): 4:00 p.m. Tesla shares are closing with a loss of $29.95, about 9 percent, at $305.50 after CEO Elon Musk told the New York Times that the stress of the job is getting to him. The company lost $5.5 billion in […]
  • Trump asks SEC to consider ending required quarterly reports

    WASHINGTON (AP) — President Donald Trump is calling on federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense. In a tweet early Friday, Trump said that after speaking with several top business leaders, he’s asking the Securities and […]
  • Global markets lose steam in European trading

    TOKYO (AP) — World stock markets turned lower during European trading hours Friday as investors worried again about Turkey’s financial trouble, after Asian stocks rose on news China is preparing to resume trade discussions with the U.S. KEEPING SCORE: Britain’s FTSE 100 fell 0.3 percent to 7,537 and the CAC 40 in France shed 0.3 […]
  • As Musk admits to job stress, Tesla’s board may have to act

    Elon Musk’s erratic behavior was front and center again this week as the CEO of Tesla conceded that he’s overwhelmed by job stress, pushing his electric car company’s stock down and bringing pressure on its board to take action. Musk’s revelation, in a Thursday interview with The New York Times, came as government regulators are […]