Tesla Earnings Dented by Price Cuts
Tesla Inc. (NASDAQ:TSLA) reported a 24% decline in first-quarter profit after a wave of price cuts dented the electric-vehicle maker’s bottom line.
IBM stock ticks higher on earnings beat
IBM (NYSE:IBM) shares ticked higher in the extended session Wednesday after Big Blue topped earnings estimates.
Fox Has Settled One Company’s Defamation Case. Another Looms.
Fox’s $787.5 million settlement with Dominion Voting Systems gives Smartmatic leverage, legal experts say.
Deal-Making Lull Crimps Earnings at Morgan Stanley, Goldman
Morgan Stanley’s investment banking revenue fell 24% for the latest quarter, following similar drops at Goldman and other big banks.
The Era of Easy Deposits Is Over for Main Street Banks
Smaller lenders like Citizens Financial and Hancock Whitney are paying more to keep depositors around.
Western Alliance sparks rally in regional bank stocks with news its deposits are recovering
Western Alliance calms jitters about a run on its accounts with a $2 billion increase in deposits in April; Wedbush upgrades regional banks to outperform.
Rite Aid Seeks Direction as Sales Slow
The cash-strapped drugstore chain is looking for a permanent leader amid declining demand and looming legal challenges.
Abbott Labs Earnings Defy Slowdown in Covid-19 Tests
Abbott says it’s making good progress in recovering market share in its pediatric nutrition business after an issue over baby formula last year.
Ernst & Young, After Its Failed Split, Could Find Itself Vulnerable to Staff Poaching
Rivals could seize on uncertainties to hire away auditing talent and frustrated senior managers amid a shortage of accountants, academics and advisers say.
TSMC Seeks Up to $15 Billion From U.S. for Chip Plants
But the world’s biggest contract chip maker is pushing back on some of the conditions Washington has attached to subsidies.
(END) Dow Jones Newswires
April 19, 2023 17:00 ET (21:00 GMT)
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