Amid a wave of Big Tech layoffs, the U.S. economy added more than half a million new jobs in January, the Labor Department said Friday. How did that happen? Read More...
Why Tesla Stock Keeps Driving Higher
For the third day in a row, Tesla (NASDAQ: TSLA) stock is riding higher — up 4.3% as of 10:10 a.m. ET. The Federal Reserve’s decision to raise interest rates only 25 basis points yesterday is probably part of the reason for that — indeed, growth stocks in general seem happy to run today, with the entire Nasdaq up nearly 2%. Tesla’s plan to cut the prices of its electric cars, you see — not just in the U.S., but in China as well — is having its intended effect of stoking consumer demand.