Gold prices retreat on Thursday, heading for a third straight slide as the precious metal extended a fall from the highest levels since around February on the back of jitters centered on rising inflation.
Whether Tesla did sell any cars for bitcoins remains unclear and the company isn’t saying.
Alibaba Group Holding Ltd. swung to a loss for its March quarter as the company faced an anti-monopoly fine, but the Chinese e-commerce giant topped revenue expectations for the period amid continued momentum for its online marketplaces.
Stock-index futures point to a mixed start for U.S. equities Thursday, a day after hot inflation data sent the Dow Jones Industrial Average to its biggest one-day loss since January.
It has been a bad week for stocks, and it doesn’t look like a turnaround is coming on Thursday.
Shares of XPeng Inc. rallied Thursday, after the China-based electric vehicle maker reported a narrower-than-expected first-quarter loss and revenue that rose sevenfold to beat forecasts, with deliveries expected to rise to another record.
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Global stocks are under pressure, with stocks falling in Asia, Europe and for U.S. equity futures as a spike in U.S. consumer prices rattles across markets.
The cost of airfare rose by a record amount in April, as Americans rushed to book long-awaited trips now that many are vaccinated.