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Marketplace All-in-One

Wall Street opens lower

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 15 March 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

Stocks have bounced around this week as traders reacted to mixed economic news; the Energy Department plans to loan more than $2 billion to a Canadian mining company; Honda and Nissan consider joining forces to develop electric vehicles; Adobe shares tumble when its predictions for second quarter earnings come in lower than expected.

Transcript

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0:00.0

Wall Street opens lower.

0:02.8

I'm Nancy Marshall Genser with the Marketplace Minute.

0:05.8

All three major index is slid at the open.

0:08.5

Stocks have bounced around this week as traders reacted to mixed economic news.

0:13.3

Yesterday we got higher than expected wholesale inflation numbers

0:16.8

while retail sales picked up.

0:19.3

The Energy Department is planning to loan more than $2 billion to a Canadian mining company.

0:24.8

The money would help finance construction of a new lithium processing plant in Nevada.

0:29.6

The department says a proposed mine at the site would produce enough lithium for batteries to power as

0:34.8

many as 800,000 electric vehicles per year.

0:38.9

Honda and Nissan announced today they're thinking about joining forces to develop electric vehicles

0:44.4

and AI software for cars. They're doing a feasibility study. And Adobe shares

0:49.5

tumbled when its predictions for second quarter earnings came in lower than expected,

0:54.0

Adobe makes Photoshop, audition, and acrobat editing software.

0:58.0

I'm Nancy Marshall Genser with the marketplace minute.

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