Pacific Gas & Electric is reporting substantial losses for the third quarter driven by catastrophic wildfires. The company anticipates those costs could escalate to as much as $6.3 billion.
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Tesla posted a surprising profit of $143 million in its latest quarter, raising hopes the electric car pioneer may finally be turning the corner after posting mostly losses during its first decade as a publicly held company.
Tesla suffered a loss of $408 million during its latest quarter as the company continues to struggle to prove it can make money while producing electric cars at prices that a mass market can afford.
President Donald Trump has told steel and aluminum executives that he'll impose import tariffs 'next week' in a bid to boost U.S. manufacturers.
The stock market closed sharply lower, extending a weeklong slide, as the Dow Jones industrial average plunged more than 600 points.
Stocks are opening higher on Wall Street as investors return from a long holiday weekend and size up the latest company earnings and deal news.
The Dow Jones industrial average traded above 25,000 points for the first time, blasting through another 1,000-point milestone.
Stocks powered to new highs on Wall Street, giving the Dow Jones industrials their biggest gain since March and putting them past 24,000 points for the first time.
The Dow Jones industrial average closed above 22,000 points for the first time, driven by a big gain in Apple on an otherwise mixed day for the market.
Banks and other financial companies led U.S. stocks sharply higher, pushing the Dow Jones industrial average above 21,000 points for the first time.