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Anheuser-Busch orders 40 Tesla trucks

The markets surged during the midday with the Dow soaring 103 points to 24,244. Nasdaq climbed 46 points to 6,823.


Anheuser-Busch ordered 40 electric trucks from Tesla to deliver its products to wholesalers within 150 to 200 miles of its breweries. The maker of Budweiser beers expects to save money on fuel by investing in electric vehicles. The company has the option to buy the vehicles or to lease them.


General Electric will eliminate 12,000 jobs as part of its plan to improve efficiencies and save $1 billion in 2018. All the layoffs will be from the company's global power business. Workers in Britain, Germany and Switzerland will be the most impacted by the job losses.


Bitcoin surged above $15,000 on the Coinbase exchange early Thursday morning and continued its meteoric rise to top $18,000 before retreating back to the $15,000 range. The cryptocurrency began the year below $1,000. A buying frenzy among speculators over the past few months has propelled the digital currency, which has been in existence since 2009, to staggering heights.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 rose 9 points to 2,639. Bitcoin rocketed $1,666 to $15,344.


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