Breaking News
Dec 22, 2022
-
Initial claims of jobless benefits rose 2,000 to 216,000 in the week ending Dec 17 and continuing claims fell 6,000 to 1.67 million in the week ending Dec 3, the Dept of Labor said Thursday.
-
CarMax said third quarter revenue declined 23.7% to $6.5 billion and net income plunged to $37.6 million from $269.4 million and diluted earnings per share dropped to 24 cents from $1.63 a year ago.
-
CarMax said in the last quarter ending in November retail unit sale of used vehicles declined 20.8% to 180,050 and wholesale unit sales plunged 36.7% to 118,757.
-
Russian Ural oil price drops below $55 a barrel, a new low since 2021, and lower than a $60 a barrel price cap imposed by the European Union, G7 and Australia.
-
The S&P 500 index drops 2.8% and the Nasdaq plunges 3.6% after tech stocks and rate sensitive stocks accelerated declines.
-
Micron Technology plans to trim its workforce by 10% and halt bonuses in 2023 after demand for memory chips sharply weakened in the last few weeks.
-
FTX founder Sam Bankman Fried will be released on $250 million bail after a deal between federal prosecutors and defense attorneys approved by a New York federal judge.
-
Tesla Inc stock plunged 9% after the company offered a $7,500 discount for the U.S. delivery of Model 3 and Model Y with free 10,000 mile supercharging.
-
The U.S. Senate approved a $1.7 trillion bill which includes sharply higher $858 billion in defense spending and $772.5 billion for discretionary programs, later today to be approved by the House.
-
Airlines cancel nearly 2,000 flights as arctic blast is expected to sweep much of the nation during holiday weekend dumping feet of snow, snarling traffic and dropping temperatures to bitter cold.
