Week to date, shares of Tesla (NASDAQ: TSLA) were down 11% through Thursday's close, according to data provided by S&P Global Market Intelligence. The stock has been under pressure in recent months over worries about demand trends for electric vehicle amid a weak economy. Earlier this week, reports surfaced that the electric vehicle (EV) maker was cutting production of the Model Y at its Shanghai Gigafactory in China.
IBM (IBM) reported first quarter operating earnings of $1.68 compared to estimates of $1.59. Revenue of $14.46 billion was about in line with expectations of $14.25 billion. The tech giant also announced it was buying HashiCorp (HCP) for $35 per share, or about $6.4 billion, in a bid to boost its cloud-based offerings. Yahoo Finance's Julie Hyman and Josh Lipton break down the results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
SAN JOSE, Calif. (AP) — The San Jose Sharks fired coach David Quinn on Wednesday following two rough seasons as part of a massive rebuilding project. General manager Mike Grier called it a hard decision to fire Quinn after he experienced two seasons under “difficult circumstances” but said he decided it was the best move for the franchise's future after spending the past few days meeting with coaches, players, front office staff and owner Hasso Plattner. “After going through our process, and dig
WASHINGTON (AP) — U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is sure to be challenged in court. The Federal Trade Commission voted Tuesday 3-2 to ban measures known as noncompete agreements, which bar workers from jumping to or starting competing companies for a prescribed period of time. According to the FTC, 30 million people — roughly one in five workers — are now subject to such
Shares of solar tech maker Enphase Energy (ENPH) are moving lower Wednesday after the company posted its first-quarter report, with its earnings of $0.35 per share missing expectations of $0.42. Despite the miss, the company claims that the worst is behind it and the demand for solar rooftops will bounce back. Similarly, SunPower's stock (SPWR) is also moving lower as the company announces layoffs, reducing efforts into residential direct sales. Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest developments for these solar companies and what it could mean for them moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Stocks in Toronto found their gains of the previous day were hard to hold onto Wednesday, as investors ...
CHICAGO (AP) — The Chicago Bears unveiled a nearly $5 billion proposal Wednesday for an enclosed stadium next door to their current home at Soldier Field as part of a major project that would transform the city's lakefront, and they are asking for public funding to help make it happen. The plan calls for $3.2 billion for the new stadium plus an additional $1.5 billion in infrastructure. The team and the city said the project would add green and open space while improving access to the city's Mus
April’s full moon, known as the Pink Moon, was spotted rising off the coast of northeast Florida on the evening of Tuesday, April 23.X user @annatheenigma captured this footage of the moon rising above the horizon.According to NASA, the Pink Moon is named after a wildflower rather than the actual hue of the celestial body. The flower, known as moss pink or creeping phlox, is native to the eastern US and is one of the earliest widespread signifiers of spring. Credit: @annatheenigma via Storyful
Tesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
The actress and the publicist, who have been dating for three years, open up to PEOPLE about their two proposals this month — and those gorgeous rings
Spanish Prime Minister Pedro Sanchez is no stranger to high octane political battles and has successfully fought for his career in public life several times. On Wednesday evening, Sanchez said he would suspend public duties until next week to decide whether he wants to continue leading the government. The shock announcement came after a Spanish court said earlier on Wednesday it was launching a preliminary investigation into whether Sanchez's wife Begona Gomez committed a crime of influence peddling and corruption in business in her private dealings.
According to the Goucher College - Baltimore Banner poll released in April, 87% of respondents said that "improving public education" was a major factor heading into the Mayoral race.
TORONTO — Canada's main stock index erased its gains from the day before asindustrial and telecom stocks weighed on the market, while U.S. markets were mixed. The S&P/TSX composite index closed down 138 points at 21,873.72. In New York, the Dow Jones industrial average was down 42.77 points at 38,460.92.The S&P 500 index was up 1.08 points at 5,071.63, while the Nasdaq composite was up 16.11 points at 15,712.75. Markets were off to a better start in the morning thanks to earnings from Tesla the
CLEVELAND (AP) — Guardians starter Gavin Williams has suffered a setback in his recovery from an elbow injury and will be shut down for at least another week. Williams, who was expected to have a major role for Cleveland this season, hurt his elbow while throwing a weighted ball during spring training in March. The right-hander was initially only expected to miss a week or two. Williams pitched three innings in a simulated game on Saturday in Arizona, and afterward told the team he had soreness
She had previously broken other Spotify records by becoming the first female artist on the site to reach 100 million monthly listeners.
Sintana Energy Inc. (V.SEI) hit a new 52-week high of 95 cents Wednesday. Sintana has entered into a ...
Nick Cannon was diagnosed with lupus in January 2012 and has used his platform to share his health journey
A former SNC-Lavalin executive has been sentenced to three and a half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal, the RCMP say. Normand Morin, once a high-ranking vice-president at the engineering firm, received the sentence Tuesday after his conviction for corruption and fraud last month. A police investigation revealed that SNC-Lavalin executives paid bribes of roughly $2.3 million in order to secure a $128-million contract to repair the Jacque
In the Nov. 22, 2022 episode of 'Discover Oklahoma,' Jonathon and Lindsay Candy were described as regular customers of a local bakery and deli
The parent of Facebook and Instagram ratcheted up its spending plans as it continues to invest in AI software and services.
OTTAWA — The federal government has added $36.4 million to a program designed to support people who have been seriously injured or killed by vaccines since the end of 2020. The program was announced shortly after COVID-19 shots first became available to the public, and provides financial compensation to people who were adversely affected by Health Canada-approved vaccines. The Liberals earmarked $75 million for the first five years of the program. To date, a private firm called Oxaro has receive
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