The trial pitted Tesla investors represented in a class-action lawsuit against Musk, who is CEO of both the electric automaker and the Twitter service he bought for for $44 billion a few months ago. The verdict by the nine jurors was reached after less that two hours of deliberation following a three-week trial. SAN FRANCISO (AP) - A jury has decided Elon Musk didn’t deceive investors with tweets in 2018. Jury: Musk didn’t deceive investors with 2018 Tesla tweets The Nasdaq gave back 1.6% and the Dow lost 0.4%. Tech stocks also weighed on the market following profit reports that were weaker than expected. The bond market was more decisive in thinking the strong jobs data could push the Federal Reserve to stay firm on high interest rates, which hurt the economy and markets. The S&P 500 fell 1% Friday for its first drop in four days, though it took an up-and-down route to get there. NEW YORK (AP) - Wall Street’s rally hit a wall after a surprisingly strong jobs report fueled worries about inflation and higher interest rates. Wall Street rally hits wall of hot jobs, cold earnings data Instead, economists were astonished when the government reported Friday that employers added an explosive 517,000 jobs last month. The past year’s consistently robust hiring gains have defied the fastest increase in the Fed’s benchmark interest rate in four decades - an aggressive effort by the central bank to cool hiring, economic growth and spiking prices. And it followed an easing of numerous inflation measures in recent months. But January’s blowout job growth coincided with an actual slowdown in wage growth. WASHINGTON (AP) - Does the Federal Reserve have it wrong? For months, the Fed has been warily watching the economy’s robust job gains out of concern that employers, desperate to hire, will keep boosting pay and, in turn, keep inflation elevated. The job gain was so large it left economists scratching their heads and wondering why the Fed’s aggressive interest rate hikes haven’t slowed hiring at a time when many foresee a recession nearing.Īn unexpected job surge confounds the Fed’s economic models Consider what happened in January: The government reported Friday that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969. Original and community content has helped HoH grow despite COVID-19 disruptions, with the brand’s flagship Instagram account recently adding its 20 millionth follower.WASHINGTON (AP) - For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades. The brand has placed an emphasis on original content in the last two years, and Gilbert said it could host as many as five similar events in 2021. In line with The Match’s charity element, House of Highlights will donate to Bennett College and Spelman College as part of its exhibition.Īnd while the Showdown is tied to a larger Turner Sports initiative (its talent will stick around to appear on B/R’s stream of the main event), the first event created by House of Highlights probably won’t be the last.Īcquired by Bleacher Report in 2015, House of Highlights was initially all about basketball-related clips, though it has since expanded, growing beyond Instagram and focusing on other sports as well. Just as younger fans are less likely to identify with specific teams, they’re also less likely to limit themselves to certain sports, House of Highlights GM Doug Bernstein said: “They follow personalities.” If that sounds odd to you, you probably were not among the 37 million viewers who watched an influencer Rock Paper Scissors Tournament earlier this year.
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