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Tesla Accelerates Rollout of More-Affordable EVs as Profit Drops Sharply
The company’s shares rose in after-hours trading following news that the EV maker is looking to bring new models to market sooner than previously planned.The Wall Street Journal - World - Tesla -
Australian Inflation Stays Strong in March Quarter
Australian consumer prices rose 3.6% annually in the latest quarter, illustrating the challenge facing the country’s central bank to bring inflation back within its target band and adding to uncertainty around the timing of interest-rate cuts.The Wall Street Journal - World - Australia -
Trump spends more than a quarter of campaign donations on legal fees
Ex-president’s court cases have drained $76mn from his election coffers since January last yearFinancial Times - World - Donald Trump -
Trump spends more than a quarter of campaign donations on legal fees
Ex-president’s court cases have drained $76mn from his election coffers since January last yearFinancial Times - Business - Donald Trump -
Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.The New York Times - Business - Netflix -
Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.The New York Times - Tech - Netflix -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
UK grocery inflation falls to 30-month low
Grocery price growth eases to 3.2% in four weeks to mid-April as retailers focus on special offersFinancial Times - Business - United Kingdom -
Revolut plans advertising sales push as it waits for banking licence
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenuesFinancial Times - Business -
Apple iPhone sales tumbled in China in first quarter, research firm says
Apple iPhone sales tumbled in China during the first quarter, a research firm said Tuesday.MarketWatch - Business - Apple -
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.The Wall Street Journal - World -
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.The Wall Street Journal - Business -
Tesla shares jump 13% after Musk says company aims to start production of affordable new EV by early 2025
Tesla reported disappointing earnings and revenue, but the stock rose on optimism that a new affordable EV model could enter production sooner than expected.CNBC - Business - Tesla -
Tesla shares rise on plans to accelerate launch of ‘more affordable’ models
Elon Musk-led electric vehicle maker’s stock jumps after-hours despite reporting a fall in quarterly revenueFinancial Times - Business - Tesla -
Tesla reports 9 percent dip in first quarter revenue
Tesla saw a 9 percent year-over-year decline in first-quarter revenue, the electric vehicle (EV) company said Tuesday. The drop in revenue, Tesla’s largest since 2012, comes as the EV firm faces falling sales and growing competition. Tesla ...The Hill - Politics - Tesla -
Jim Cramer ranks first-quarter earnings from 6 major U.S. banks. Our portfolio stocks fared well
Club names Morgan Stanley was No. 1 and Wells Fargo was No. 3, according to Jim Cramer's analysis.CNBC - Business -
NYCB is expected to swing to a first-quarter loss next week after estimates have tumbled
Analysts’ estimates go from profit to loss after bank’s stock plunged on material weakness and stressed loans.MarketWatch - Business -
General Motors raises 2024 guidance after big first-quarter earnings beat
GM's North American operations, driven by truck sales, were largely responsible for the company's first-quarter beat and guidance raise, the automaker said.CNBC - Business -
JetBlue’s stock slides 16%, on pace for biggest decline in 4 years, after first-quarter loss widens
The airline’s first-quarter loss widened significantly from a year ago.MarketWatch - Business -
Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehiclesABC News - Tech - Tesla -
GM lifted its profit outlook for the year as the automaker reported a 24% rise in first-quarter earnings driven by solid U.S. sales of pickup trucks.
GM lifted its profit outlook for the year as the automaker reported a 24% rise in first-quarter earnings driven by solid U.S. sales of pickup trucks.The Wall Street Journal - World