Tesla erases $80 billion in valuation after Musk’s sales warning
By Aditya Soni (Reuters) -Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this…
Month: January 2024
PayPal to launch AI-based products as new CEO aims to revive share price
By Hannah Lang (Reuters) -PayPal is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company…
Biden vetoes law blocking EV charging stations’ ‘Buy America’ waiver
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden on Wednesday vetoed legislation aimed at reversing his administration’s waiver of…
Dow forecasts muted demand after fourth-quarter sales drop
By Saikeerthi . (Reuters) -Dow on Thursday forecast sequentially flat sales for the current quarter after reporting a 10.4% drop…
American Airlines forecasts 2024 profit largely above estimates
(Reuters) – American Airlines Group forecast 2024 profit largely above Wall Street expectations on Thursday as the carrier benefits from…
Blackstone’s fourth-quarter earnings rise 4% as asset sales pick up
By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc reported a 4% rise in its fourth-quarter distributable earnings on Thursday,…
Tesla warns of slowing growth before new model launch next year
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla expects to start production of its next-generation electric vehicle at its Texas…
S&P 500 ekes out another record high as Netflix and chipmakers leap
By Noel Randewich and Johann M Cherian (Reuters) -The S&P 500 climbed to its fourth straight record high close on…
IBM forecasts annual revenue growth above estimates on AI adoption rush
By Arsheeya Bajwa (Reuters) -IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its…
Watchdog flags conflict of interest issue in ex-Fed bank presidents’ trading
(This Jan. 22 story has been corrected to clarify that the trading activity was disclosed after the fact, in paragraph…