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A strong profit report from SpaceX helps lift tech stocks and Wall Street
NEW YORK (AP) — The U.S. stock market rose Wednesday following strong profit reports from SpaceX, Capital One Financial and other big companies.The S&P 500 added 0.6% and pulled within 0.8% of its all-time high set earlier this month. The Dow Jones Industrial Average gained 360 points, or 0.7%, and the Nasdaq composite climbed 1.1%.
SpaceX helped lead the market and climbed 7.8% after reporting a stronger profit for the summer than analysts expected. Elon Musk, who runs the company that makes money from artificial-intelligence technology, rockets and other... Read More
Tesla's Q3 profit drops as it prepares for possible merger with Musk's other public company, SpaceX
NEW YORK (AP) — Tesla reported a decline in profit for the latest quarter as it prepares for a possible merger with Elon Musk’s other big business, SpaceX.The electric vehicle maker reported third-quarter net income of $787 million, or 22 cents per share, down 44% from the year-earlier period. Excluding certain items, though, earnings per share of 48 cents beat Wall Street analyst expectations by 3 cents.
Revenue was basically flat at $28 billion, falling slightly short of analysts’ forecast.
In a SpaceX conference call Tuesday, Musk said a... Read More
Russia frees American Stephen Hubbard after over 4 years behind bars
Russia on Wednesday freed an American who had been jailed for more than four years on charges of fighting as a mercenary in Ukraine, a deal completed during a visit by a top U.S. envoy and at a time when President Donald Trump has taken a series of actions meant to benefit Moscow.Trump told reporters at the White House that he had asked Russian President Vladimir Putin during a recent call to free Stephen Hubbard and that, unlike previous releases, the U.S. did not have to give up anyone in return.
“He is the happiest man around," Trump said of Hubbard, describing... Read More
Steinbrenner blames Yankees players for lack of World Series title, defends Boone and Cashman
Yankees owner Hal Steinbrenner blamed New York's players for the team's failure to win the World Series and defended manager Aaron Boone and general manager Brian Cashman, who is getting a new contract as he enters his 30th season in charge of baseball operations.“I thought Boone managed a good season, especially with the pitching staff," Steinbrenner said Wednesday. "The bottom line is the players didn’t live up to their end of the bargain in the playoffs.”
New York has gone 17 seasons without a World Series title. That matches the Yankees' longest drought since... Read More
Pope Leoâs doctors say tests show he needs no further treatment for lung cancer
VATICAN CITY (AP) — Pope Leo XIV got good news from his doctors: The pontiff will need no further treatment for lung cancer after follow-up tests confirmed the disease was localized, the Vatican said in a statement Wednesday.Leo, 71, had the lower lobe of his right lung removed last week in the first major health event of his 17-month pontificate. The surgery confirmed he had adenocarcinoma, the most common type of lung cancer. Leo was discharged from Rome’s Gemelli Polyclinic on Saturday, four days after surgery, and said he would gradually resume his activities.
Top Stories
- New Mexico attorney general accuses Epstein attorney, accountant of abuse cover-up at ranch
- Russia frees American Stephen Hubbard after over 4 years behind bars
- Pope Leoâs doctors say tests show he needs no further treatment for lung cancer
- Russia agrees to resume three-way talks on Ukraine war with Kyiv and Washington, Kremlin says
- NFL welcomes a review of how Eagles handled Jalen Hurts' blood clots, Roger Goodell says
- Trump administration asks Supreme Court to lift halt on Big Bend border wall
- A strong profit report from SpaceX helps lift AI stocks and Wall Street
- Chemical tank leak in Ohio forces evacuations as city allows plume to vent
- Meta ordered to pay New Mexico $25 billion for deceiving users about privacy on Facebook
- Vance says heâs âdisgustedâ by GOP pushback to Ramaswamy ad featuring Amy Acton's estranged mother
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Stocks
Entertainment
- Taiwan prosecutors indict 5 suspects in alleged paid plot to injure anti-CCP comedian
- Tom Cruise to receive life achievement award from the American Film Institute
- Vladimir Kara-Murza memoir 'One Day Free' to be released May 18
- Netflix posts higher Q3 profit but revenue growth worries pull shares lower
Sports
- Steinbrenner blames Yankees players for lack of World Series title, defends Boone and Cashman
- NFL welcomes a review of how Eagles handled Jalen Hurts' blood clots, Roger Goodell says
- Jordan Elliott was released by Titans after pulling out gun in parking lot, coach Robert Saleh says
- Man United's crisis deepens with 4-1 loss at Champions League newcomer Como