California utilities must immediately apply credits to reduce home heating bills

California utilities must immediately apply credits to reduce home heating bills

After enduring emotional and often scathing public comments, state regulators on Thursday ordered utilities to immediately distribute funds to reduce natural gas bills that have become unaffordable for many Californians this winter. Climate credits, which are typically issued in April, will reduce home heating bills by $43 to $56 for most Californians depending on their … Read more

Rival EV makers will struggle to keep pace

Rival EV makers will struggle to keep pace

Tesla (TSLA) bull Cathie Wood doesn’t see the electric vehicle maker’s recent price cuts as hurting the brand. Instead, they could be more of a problem for automakers trying to close the gap, she argued. “I think traditional automakers will have a hard time keeping up with the price drops that Tesla’s technology allows,” the … Read more

Penn sports betting business posts fourth quarter profit

Penn sports betting business posts fourth quarter profit

In this photo illustration the Penn Entertainment logo seen displayed on a smartphone mobile screen. Raphael Henrique | SOPA Pictures | Light flare | Getty Images Penn Entertainment Thursday became the first US gambling company to post a profit in its sports betting business in the last three months of a year. Usually, it is … Read more

80% of workers who quit in ‘big quit’ regret it: new survey

80% of workers who quit in ‘big quit’ regret it: new survey

‘Big regret’ is the latest workplace trend to sweep the country, with the majority of professionals who left their jobs in the last year wishing they could change their lives, according to a new survey. 2022 was another record year for quits – 4.1 million workers left their jobs in December, bringing the overall total … Read more

Revenues from Apple, Amazon and Alphabet are coming. Here’s what the stock option market is gearing up for.

Revenues from Apple, Amazon and Alphabet are coming.  Here’s what the stock option market is gearing up for.

The options market braced for bigger-than-usual moves in the shares of a trio of trillion-dollar companies the day after quarterly earnings were released. This is because the implied volatility, or how much a stock can be expected to move over a certain period, of shares of Apple Inc. AAPL, +3.45%, Alphabet Inc. GOOGL, +7.03% and … Read more

Stocks moving high noon: META, ALGN, COIN

Stocks moving high noon: META, ALGN, COIN

The Commission challenged Meta’s pairing of Facebook Marketplace with its personal social network. Budrul Chukrut | SOPA Pictures | Light flare | Getty Images Find out which companies are making headlines in the midday business. Meta – Shares of the tech giant jumped 25% midway through the trading day, on track for its strongest day … Read more

Tech stocks extend post-Fed rally, Dow futures lag

Tech stocks extend post-Fed rally, Dow futures lag

U.S. stocks were mixed on Thursday, highlighted by a rise in tech stocks following the Federal Reserve’s latest interest rate hike and ahead of another round of earnings from the biggest players in the tech industry. The tech-heavy Nasdaq Composite (^IXIC) climbed nearly 3% in midday trading. The S&P 500 (^GSPC) gained 1.3%, while the … Read more

US weekly jobless claims fall to nine-month low; productivity speeds up

US weekly jobless claims fall to nine-month low;  productivity speeds up

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs increase at a rate of 1.1% WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month … Read more

ECB raises rates by 0.5 percentage point as Lagarde pledges to ‘stay the course’

ECB raises rates by 0.5 percentage point as Lagarde pledges to ‘stay the course’

The European Central Bank raised interest rates by half a percentage point on Thursday and pledged to do the same in March, as its president Christine Lagarde warned that eurozone inflation remained “far too high.” high”. The ECB decided to continue aggressive tightening after raising the benchmark deposit rate to 2.5%, saying in its post-meeting … Read more