Manufacturing activity in New York state held steady in July after an uptick last month, data from the Federal Reserve Bank of New York showed Monday. The New York Fed said its general business conditions index fell to 1.1 in July after surging to 6.6 in June, although a positive reading still indicates growth. Economists had expected the index to drop to zero. The index for future business conditions fell to 14.3 in July from...

Tesla's first quarter earnings triggered a near 10% sell-off Thursday, investors concerned about margins as the company continues to cut prices.
But that did not faze Ark Invest's Cathie Wood. She expected Tesla to hit $2000 a share by 2027 and bought over 256,000 shares of Tesla at an estimated valuation of over $41.7 million based on Thursday's closing price.
Tesla's prospective robotaxi business line is a key driver, contrib...

Have you bought your mid-autumn mooncakes this year?
With less than a week left until the Mid-Autumn Festival, the mooncake markets across the country are already warming up early.
With the loosening of Covid-19 restriction measures, businesses surveyed reported a two-year high in mooncake sales this year, with an increase of about 20%. With more employees returning to their workplaces, a number of...