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Tesla slump ends after it recrods biggest gain

Bloomberg Investors rushed back into Tesla Inc. shares, putting a screeching halt to a five-day slump, and pushing the stock to its biggest gain in more than a year. A steady stream of positive news — including an upgrade from a Wall Street analyst, a rally in the cryptocurrency Bitcoin and a broader turn in sentiment toward high-multiple technology stocks ...

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UK shop sales accelerate as end of lockdown nears

Bloomberg UK retail sales growth accelerated in February as government’s roadmap to end coronavirus lockdown spurred purchases of back-to-school items, an industry survey showed. The increase of 1% last month compared with a gain of 0.1% a year ago and average growth of 0.6% for the past three months, according to the report by the British Retail Consortium and KPMG. ...

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US economy ready to surge with big stimulus, fast vaccines

Bloomberg As the House is poised to send the $1.9 trillion Covid-19 relief plan to President Joe Biden for his signature, providing an economic boost that will last long after $1,400 stimulus checks start arriving in Americans’ accounts this month, the US economic outlook is much sunnier than it looked in early January. The latest Bloomberg monthly survey of economists ...

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