Tesla’s shares jumped 22 percent on Thursday — one of its best days in years — after it reported a big increase in profit for the third quarter. The company said it expected sales of cars to grow as much as 30 percent next year when it plans to introduce …
Read More »Rare Copy of U.S. Constitution Sells for More Than $11 Million
A rare copy of the United States Constitution that was printed shortly after the Constitutional Convention in 1787 and played a role in the document’s adoption by the original 13 states sold for more than $11 million during a live auction on Thursday evening. The high bid, from a buyer …
Read More »The Powerful Companies Driving Local Drugstores Out of Business
The small-town drugstore closed for the last time on a clear and chilly afternoon in February. Jon Jacobs, who owned Yough Valley Pharmacy, hugged his employees goodbye. He cleared the shelves and packed pill bottles into plastic bins. Mr. Jacobs, a 70-year-old pharmacist, had spent more than half his life …
Read More »Electric Vehicles May Be Struggling. G.M.’s Leader Is Still a Believer.
Electric vehicles have had a hard year. Sales have been disappointing. Former President Donald J. Trump has regularly disparaged them. And even many environmentally conscious car buyers have been choosing hybrids instead. Yet the chief executive of General Motors, Mary T. Barra, says the company is still committed to doing …
Read More »Russian Oil Flows Through Western ‘Price Cap’ as Shadow Fleet Grows
A plan hatched by wealthy Western nations to deprive Russia of oil revenue is largely faltering, a new report found, with the majority of the Kremlin’s seaborne oil exports evading restrictions that were supposed to limit the price of Russian crude. Almost two years since an oil “price cap” was …
Read More »China’s Stock Markets Rebound on Promises to Help Businesses
Stock prices rose in China on Monday, as investors welcomed government signals of renewed attempts to counter weakness in the economy by borrowing more and easing oversight of the private sector. The CSI 300, an index of large companies traded in Shanghai and Shenzhen, rose 1.9 percent. The increase came …
Read More »Opinion | Food Is What We Have In Common. Why Don’t We Hear More From the Candidates About It?
In a surprising turn of events, the presidential candidates have been talking about food. Food can be a winning topic, but we need to hear much more. Donald Trump (seemingly influenced by his new ally, Robert F. Kennedy Jr.), is talking about making “America Healthy Again.” How? “We’re going to …
Read More »Wall St. Profits Surge Despite Questions About the Economy
What corporate earnings say about the economy Earnings season is underway, with Wall Street giants flying out of the gate this on Friday. JPMorgan Chase, Wells Fargo and BlackRock have each reported results that soundly beat analysts estimates, lifting shares in premarket trading. Quarterly financial reports in general should deliver …
Read More »Is a $910 Fleece Actually Worth It?
This month Jonah Weiner made a purchase that was a cry for help. Or at least a new financial adviser. He spent $910 on a fleece pullover. “My wallet wept,” Mr. Weiner said. But, as Mr. Weiner, 43, the co-writer of the ur-cool guy fashion newsletter Blackbird Spyplane, pleaded, this …
Read More »On Drug Prices, Harris Pushes for Deeper Cuts While Trump Offers Few Specifics
Insulin for $35 a month. A limit of $2,000 a year in out-of-pocket drug costs for older Americans. Billions of dollars in savings for Medicare resulting from drug negotiations. Whether these policies expand or, in the case of the negotiations, survive at all may be determined by the election in …
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