A plummet in the company’s valuation and a recent board resignation have raised questions about the future of genetic data collected from millions of customers.
Category: Stocks and Bonds
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Tesla Sales Increase, Suggesting Electric Car Demand Is Rebounding
The automaker reported a gain of 6.4 percent for the latest quarter, its first such increase this year.
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Cerebras Files Prospectus for I.P.O.
The Silicon Valley company would be among the first A.I. companies to go public since the release of ChatGPT nearly two years ago.
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Stocks Tumble in Japan After Party’s Election of New Prime Minister
Stocks dropped after Japan’s governing party chose Shigeru Ishiba, a critic of the country’s longstanding ultralow interest rates, as its leader.
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Why Stellantis, Owner of Chrysler, Jeep and Ram, Is Struggling
The automaker, created by a 2021 merger, is dealing with labor unrest, slumping sales and a revolt from its dealers.
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Acadia Healthcare Says It Faces New Federal Investigations
Shares of the company, one of the largest chains of for-profit psychiatric hospitals, were down 25 percent at one point.
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Nuclear Power Is the New A.I. Trade. What Could Possibly Go Wrong?
Artificial intelligence’s hunger for energy has set off a boom in utility stocks and may lead to the reopening of the Three Mile Island nuclear plant, our columnist says.
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China Stocks Soar in Biggest Single-Week Jump Since 2008
Economic stimulus moves triggered a broad rally in trading in Shanghai and Shenzhen.
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Southwest Airlines Lays Out Changes and New Offerings
The move came after the hedge fund Elliott Management, which has more than 10 percent of the airline’s shares, called for cost containment and better profits.
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Now That Rates Are Falling, Let’s Turn to Other Matters
The Federal Reserve has at last cut interest rates but our columnist points out a host of concerns that could weigh on financial markets.
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Stocks Rally a Day After Fed’s Big Interest Rate Cut
The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve would cut interest rates by half a percentage point. Thursday’s gain put the index in range of a closing record.