Tesla reported earnings after the bell, and the results sent the stock up slightly after hours. Earnings per share (EPS): $2.27 (adjusted) vs $1.81 expected, according to Refinitiv Revenue: $16.93 billion, vs. $17.1 billion expected, according to Refinitiv Automotive gross margin came in at 27.9%, down from 32.9% last quarter and 28.4% a year ago, … Read more
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Twitter stock has fallen less than other social media stocks this year. David Paul Morris/Bloomberg Text size Now that Elon Musk has decided he would rather not own Twitter , Wall Street is scrambling to think through what happens from here, and what the company might be worth on a stand-alone basis. Twitter shares plunged … Read more
Text size Telsa shares have tended to rise as the Twitter deal looked less likely and fall as it looked more probable. Justin Sullivan/Getty Images Telsa stock traded lower Monday, even after Chief Executive Officer Elon Musk pulled the plug on his purchase of social media site Twitter . That wasn’t what was supposed to … Read more
TORONTO — Rogers Communications Inc. said Saturday it has restored mobile and internet service for “the vast majority” of customers after an outage that lasted more than 15 hours. The disruption, which the Toronto-based telecommunications company offered no explanation for, started Friday morning. It left many customers without mobile and internet service and caused trouble … Read more
SAN JOSE, Calif. — In the latest chapter of the Theranos saga, Ramesh “Sunny” Balwani, the company’s former chief operating officer and ex-boyfriend of founder Elizabeth Holmes, was found guilty on all 12 criminal fraud charges. Balwani had no reaction as the verdict was read at the U.S. District Court in San Jose, California, and … Read more
What Amazon and Grubhub Get From a Partnership Source link
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric-vehicle startup Rivian Automotive said it produced more than 4,000 vehicles in the second quarter and that it remains on track to build 25,000 vehicles in 2022. Shares of Rivian opened sharply higher … Read more
GameStop Corp. announced a four-for-one stock split in the form of a dividend, becoming one of the latest companies to do so as the practice has gained in popularity. Share splits had almost disappeared from U.S. stock markets before Apple Inc. and Tesla Inc. revived the practice after splitting their stocks in 2020. Amazon.com Inc. … Read more
The ‘Halo’ That Saved F1’s Zhou Guanyu Was Once Reviled Source link