to confirm prices are cooling. but with inflation still stubbornly high, policy makers here as in many other developed countries are not done raising interest rates. let s show you how investors reacted to that latest data which should other than expected data out of the united states. there are hopes and out of the country might avert a recession. you can see all of the main industries during better and banking share is also led wall street to close higher. banking shares also led wall street to close higher on thursday that s after recent health check showed the largest us banks have enough capital to weather a severe economic slump. in other news this morning sporting goods giant nike has reported its latest earnings for the fourth quarter. revenue came in at $12.8 billion dollars slightly higher than expected. this means nike has beaten revenue estimates for seven straight quarters. salesjumped in both its largest market north america and in china, following the easing of
associated with bitcoin and said the cryptocurrency is, quote, primarily a speculative, volatile asset . while investors and crypto watchers awaited the sec s decision, a false tweet was posted on the sec s official account a day earlier, saying the etfs had been approved. the sec said its social media account was compromised and an investigation is ongoing. let s stay in the us and head over to las vegas where the consumer electronics show is under way, it s the biggest consumer tech show in the world our north america technology reporterjames clayton has been trying some of the latest products. there s a lot of weird tech at ces. take this hyundai prototype car that, crab like, moves sideways into parking spaces. or drone soccer, where the goal is to fly a drone through a doughnut shaped goal, which is harder than it looks. now start using the left stick, and start moving. ooh! engines whirr. as you can tell, it takes a little bit of practice to fly. ok, so how would you
trigger a constitutional crisis. president biden is asked for the ceiling to be raised with no strings attached, something the republicans have been unwilling to budge on. time is ticking. secretary yellen has estimated the government could run out of money to pay its bills next month. it money to pay its bills next month. , ., , , money to pay its bills next month. , ., ,, .,, money to pay its bills next month. , ., ,, , month. it is congress was my “ob to month. it is congress was my job to do month. it is congress was my job to do this. month. it is congress was my job to do this. if month. it is congress was my job to do this. if they - month. it is congress was my job to do this. if they fail - month. it is congress was my job to do this. if they fail to l job to do this. if they fail to do it we will have an economic and financial catastrophe that will be of our own making and there is no action that president biden and the us treasury can it take to prevent that
Thats the software that enables vehicles to drive autonomously, with a driver behind the wheel but not operating it. Thats available in north america, both in the us and canada. But on friday, a us report tied its wider range of autonomous Driving Modes to at least 13 crashes, including one death. Despite that, chinese customers are angling to use full self driving software, but its not yet available in their market. Mr musk said it would be rolled out there very soon, but heres the rub all the data from teslas Chinese Fleet is held in shanghai and, under chinese regulations, isnt accessible to teslas us headquarters in texas. And that hampers the learnings that tesla needs to do to deliver a safe and effective product in china. Mr musk needs to navigate that with chinese officials. Ones the premier, li qiang. Now, hes been making very positive noises, saying that chinas market will always be open to foreign funded firms and that beijing would provide a Better Business environment for
The Visit Comesjust a week after mr musk cancelled a trip to india, citing very heavy tesla obligations. Our Business Reporter David Waddell has more. Heres mr musk s challenge. Hes trying to sell teslas full Self Driving Software to more users, to more drivers. Thats the software that enables vehicles to drive autonomously, with a driver behind the wheel but not operating it. Thats available in north america, both in the us and canada. But on friday, a us report tied its wider range of autonomous Driving Modes to at least 13 crashes, including one death. Despite that, chinese customers are angling to use full Self Driving Software, but its not yet available in their market. Mr musk said it would be rolled out there very soon, but heres the rub all the data from teslas Chinese Fleet is held in shanghai and, under chinese regulations, isnt accessible to teslas us headquarters in texas. And that hampers the learnings that tesla needs to do to deliver a safe and effective product in china