Recap: Tesla stock surges despite plunging profits as Musk talks robotaxis...
Bank of America says 'results matter, but growth factors may matter more.' Justin Sullivan Bank of America said Tesla's headwinds are well known and are likely fully reflected in the stock price. That will make the company's commentary around the current state of EV demand and its future growth plans all the more important.They think…
Live updates: Tesla profits plunge, but shares rally as company reveals...
Bank of America says 'results matter, but growth factors may matter more.' Justin Sullivan Bank of America said Tesla's headwinds are well known and are likely fully reflected in the stock price. That will make the company's commentary around the current state of EV demand and its future growth plans all the more important.They think…
Live updates: Tesla to report quarterly earnings today after market close
Tesla reports first-quarter earnings on Tuesday.The EV maker has been under pressure after a reported pivot away from a low-cost vehicle model.The company's stock is down more than 40% in 2024. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks…
Home Depot says its $1 billion boost to wages has already...
Home Depot says the $1 billion boost to worker pay that it announced earlier this year is already yielding results. The move has led to better staffing, which has improved customer satisfaction and worker safety, the company told investors. In spite of a gloomy financial forecast, the company says the investment in employees is locked…
Airbnb stock slides 12% as execs warn of a potential booking...
Airbnb shares fell 12 Wednesday after it reported earnings. The company broadly beat Wall Street's expectations but warned of a tougher second quarter. Execs said comparisons would be difficult given last year's build-up of post-COVID demand. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on…
Don’t be fooled by the strong earnings season as a credit...
Don't be fooled by the buoyant trend so far in the current earnings season, according to Wharton professor Jeremy Siegel. That's because the effects of an ongoing credit crunch are yet to show up in companies' earnings data, according to him. Siegel said the Fed should therefore pause its interest-rate hikes, but doesn't think policymakers…
