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The Gazette in Medina, Ohio

28 Oct 2023

Page 16

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The Gazette October 28, 2023 Page 16 old newspaper archives

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Articles on This Page

This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Oct 28, 2023

Page

16

Stocks fall as S&P 500 slides into correction

The S&P 500 drops 0.5 percent to 4117.37, 10.3 percent below its July peak, marking the index's 10th loss in 12 days. Dow falls 366.71 points while Nasdaq rises on big tech results. Amazon up 6.8 percent, Alphabet Meta Tesla slide. Intel up 9.3 percent supports market. Exxon and Chevron miss profits targets amid broader declines.

MENTIONED IN THIS ARTICLE

New York Wall Street Federal Reserve Treasury Middle East Amazon Alphabet Meta Tesla Intel Exxon Mobil Chevron AES Corp McDalds Agnc Inc At&t Inc Microsoft MultiAuters NY Cityb Amazon We Newell Br Améairlines Apollomes NewmatCp Apple Inc NiSource AvaloTh Nikola NokiaCp Avantor Northropg BcoBrad Nu Hidg BkofAm Nvidia BarrickGld BitBro Ltd Rs Nxu Inc A BrMySq OwensCorn Canop Inc Palantir CanopyGr Carnival PayPal Cedarf PepsiCo ChrgePt Petrobras Pfizer Cisco PlugPowrh Citigroup CocaCola RaytTch Comcast RiotBlok Cracker B RiviaAu A Enphase Sanofi ExxonMbl SeaStarMdn FirstEngy Shrwin Fordm GenElec Smucker GenMotors Snapinc A SoFiTech Grabhia HomeDp Target HuntBnesh ImmunBio IBM Transoen Uber Tch Jpmorgch UndrArm Kenvuen Vale SA KeurDrPep Keycorp VerizonCm Kohls WalMart LincNat WellsFargo LucidGrp Wendys Co MarathDig
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Inflation stays elevated as consumer spending stays brisk

A Commerce Department reading shows September prices up 0.4 percent from August, tying August's pace and leaving annual inflation at 3.4 percent. Consumers rely on savings as income growth lags, yet spending rises 0.4 percent month over month, fueling growth while inflation remains stubborn.

MENTIONED IN THIS ARTICLE

Washington Federal Reserve Commerce Department Michael Pearce U.S Oxford Economics Fed
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Musk turns Twitter into X amid mass layoffs and policy shifts

One year after Elon Musk took over Twitter in San Francisco he fired leadership and rebranded the site as X. Core features vanished as trust safety and moderation weakened while a leaner workforce struggled to support the platform, eroding its role as a news hub and advertiser appeal.

MENTIONED IN THIS ARTICLE

San Francisco Elon Musk Twitter Musk Jasmine Enberg
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Bankman-Fried testifies denies fraud in Manhattan trial

FTX founder Sam Bankman-Fried, 31, portrays himself as a novice who knew little about crypto and marketing while claiming he did not defraud investors. He acknowledges mistakes as prosecutors seek to show billions missing and a costly celebrity driven campaign. Cross examines to continue into Tuesday with jury possibly delayed.

MENTIONED IN THIS ARTICLE

New York Sam Bankman-Fried FTX Manhattan Golden Boy Bankman-Fried Mark Cohen Larry David Tom Brady Alameda Cohen California Bahamas Alameda Research
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