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Tesla has built 3 million vehicles, a third of those in China, Elon Musk says

Tesla Inc. has produced more than 3 million vehicles, and a third of them have been built in China, according to Elon Musk. On Sunday, the Tesla chief executive congratulated the company’s Shanghai “gigafactory” in a tweett: “Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M.” The milestone came just a …

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Inflation surge cools in July. Should stock-market investors still play defense?

The latest surge in stocks helped lift the Nasdaq Composite COMP, +2.09% out of bear-market territory on Wednesday and the Dow Jones Industrial Average DJIA, +1.27% to exit correction territory. But the sharp upswing also prompted debate about if investors should adjust their portfolios, pivoting away from defense plays. For the past month, growth stocks …

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Why bulls looking for a stock-market bottom are obsessed with 4,231 on the S&P 500

The S&P 500 index was on track Friday to finish above a technical level that could deliver a big dose of encouragement to stock-market bulls arguing that the bear-market bottom is in, though chart watchers warned that it might not be a signal to go all in on equities. Through Thursday’s close, the S&P 500 …

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It’s a Tom Jones rally but it may be overbought, say analysts

The latest action in stocks may be a concern for the bulls. The S&P 500’s initial surge on Thursday to fresh three-month highs fizzled as the session wore on. The “peak inflation rally” faded. Futures early on Friday are firmer again, but inevitably there are some observers still wary of the recent bounce. “Obviously, a …

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Three Chinese corporate giants leaving NY stock exchange

Three state-owned Chinese corporate giants announced plans Friday to remove their shares from the New York Stock Exchange, adding to a growing financial separation between the biggest global economies in the midst of a dispute over scrutiny of company audits. PetroChina Ltd. PCCYF, -0.87%, China Life Insurance Ltd LFC, -4.66%. and China Petroleum & Chemical …

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Disney earnings suggest the ‘streaming wars’ are officially over

Walt Disney Co. plans to raise prices on various streaming offerings as it gears up for the Dec. 8 launch of an ad-supported tier, marking the latest sign that the streaming market isn’t what it used to be. Whereas media companies once rushed to launch new services and grab new subscribers with flashy offers, they …

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Are Nasdaq stocks in a bull market? A history of head fakes says slow your roll

Before passing out cigars in celebration of the birth of a baby bull market for the Nasdaq Composite, investors might want to take a look back at history. Sure, the tech-heavy gauge ended Wednesday up 20.8% from its 2022 closing low of 10,646.10 set on June 16. A rise of 20% from a recent low …

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Illumina stock tanks as gene-sequencing company misses expectations and issues bleak outlook

Illumina Inc. shares sank 17% after hours Thursday after the gene-sequencing company swung to a loss in the second quarter, fell short of revenue expectations and revised its full-year outlook downward. Francis deSouza, chief executive of Illumina ILMN, +0.06%, said in a statement that the quarterly results failed to meet the company’s own expectations because …

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