The Year America’s Economic Edge Evaporated

It’s the time of year when investors peek at their accounts to see whether it will be champagne and caviar to celebrate the holidays or beer and chips. The MSCI USA Index’s 16.3% gain would suggest the former is on the menu, and yet, the latter might be more...

Tesla Sales Outlook Darkens Despite Musk’s Self-Driving Euphoria

Tesla Inc. ended last year on a roll, with investors increasingly buying into Elon Musk’s ebullience about autonomous vehicles. Winning over actual car buyers was another story. Shares in the world’s most valuable auto company soared in the second half, largely on the...

US Stocks Slouch Into Year End With No Sign of Santa Claus Rally

The S&P 500 Index fell 0.3% in midday trading, down less than 1% from its record close on Christmas Eve. Nike Inc. was a bright spot, climbing more than 4% after news its CEO bought shares. The Nasdaq 100 Index shed 0.3% and Bloomberg’s Magnificent Seven Index was...

Meta to Buy Manus, an AI Startup With Chinese Roots

Meta Platforms Inc. has agreed to buy Manus, a popular Singapore-based artificial intelligence agent with Chinese roots, in its effort to build a business around its massive AI investment. The deal values Manus at more than $2 billion, according to people familiar...