Austin Business News
Ed Yardeni expects a fourth quarter ‘Santa Claus rally’ for stocks that will send the S&P above 4600
Investor enthusiasm over AI’s potential to boost productivity and usher in a new era of growth helped the stock market rebound from 2022’s brutal drop throughout the first half of this year. Even as the Federal Reserve hiked interest rates to fight inflation,...
Lithia & Driveway raises bid for Pendragon's UK motor divisions
Lithia & Driveway (NYSE:LAD) on Monday said it has upped its offer to buy British auto dealer Pendragon's UK motor division and vehicle management division. Under the revised terms, Lithia Motors has increased the total cash consideration by 42% to £397...
10,000 migrants reach US border daily, highlighting need to address root causes, Mexico says
© Reuters. Migrants, who were stranded a day earlier near Villa Ahumada, and who are seeking asylum in the United States, cross the Rio Bravo river, as seen from Ciudad Juarez , Mexico September 30, 2023. REUTERS/Jose Luis Gonzalez MONTERREY, Mexico (Reuters) -...
NASA wants to build houses on the moon by 2040 and it's partnering with an Austin company to make it happen
NASA’s not stopping with sending people back to the moon. It wants to give them the opportunity to live there as well. The space agency plans to build houses on the moon by 2040, according to a report in The New York Times which interviewed several NASA...
Dow S&P, and Nasdaq are mixed as yields resume march higher
Carl Court Major market averages are mixed on Monday morning with the bond selloff continuing as Congress avoided a shutdown for now. Early on and the Dow (DJI) was -0.2%, the S&P 500 (SP500) was near flat, and the Nasdaq Composite (COMP.IND) was +0.5%....