After a rough two days of selling, investors may be looking for an optimist. Our call of the day from strategists at Citi, say while clouds are gathering over the global economy, it’s not time to sell in this market yet. See full story.
Jobless claims climb to one-month high of 219,000 amid GM auto strike
The number of people who applied for jobless benefits at the end of September rose to a one-month high of 219,000, partly reflecting a three-week-old strike at General Motors that has idled tens of thousands of workers. There was still little evidence of rising layoffs more broadly, however. See full story.
Tesla stock falls after company misses third-quarter delivery expectations
Tesla Inc. says it had delivered about 97,000 vehicles in the third quarter, including 79,600 Model 3 sedans. See full story.
Costco earnings: Texas and Florida alone could get dozens more warehouses and it wouldn’t be enough
Costco is expected to report solid earnings, analysts say, and investors have questions about even more geographic growth. See full story.
The downside to Charles Schwab and TD Ameritrade eliminating trading fees (yes, really)
Financial advisers discuss the real cost of free stock trades. See full story.
The IRS did Tate George’s taxes for him and he didn’t like the outcome. See full story.