Memes mocked the new model, analysts questioned its appeal and investors sold the automaker’s stock. A former Ferrari chairman warned of “the destruction of a legend.”
Category: Company Reports
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Retailers Say Squeezed Shoppers Are Focused on Deals
Walmart, Target and TJ Maxx reported increases in sales, but shoppers are seeking out low-price items and cutting back in some categories, a potentially worrying sign for the U.S. economy.
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Walmart, Target and TJ Maxx Attract Shoppers Squeezed by Energy Prices
The retailers reported increases in sales, even as higher fuel costs drove up the cost of everyday goods.
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Nvidia’s Profit Hits $58.3 Billion as A.I. Boom Gathers More Steam
The chip maker said its profit in its most recent quarter jumped 211 percent from a year ago thanks to extreme demand from other big technology companies.
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Honda Posts First Ever Annual Loss After Pullback From E.V.s
Honda posted its first loss since 1957 as it took a multibillion-dollar hit from scaling back its electric-vehicle plans.
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Honda Posts First Ever Annual Loss After Pullback From E.V.s
Honda posted its first loss since 1957 as it took a multibillion-dollar hit from scaling back its electric-vehicle plans.
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EBay, the Old-School E-Commerce Site, Finds Its Place in Modern Retail
The online marketplace has remade itself by focusing on collectibles and other high-end goods — and attracted an unwelcome takeover bid from GameStop.
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Shell Reports Nearly $7 Billion Profit After Oil Prices Surged Amid U.S.-Iran War
The oil giant’s earnings in the first three months of the year were more than double the previous quarter’s and follow similarly strong results of European rivals.
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Fast-Food Sales Rise Despite Higher Gas Prices
Fallout from the war in Iran didn’t dampen quarterly results at McDonald’s, Burger King and Taco Bell.
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Anthropic’s C.E.O. Says It Could Grow by 80 Times This Year
The chief executive, Dario Amodei, said the rapid growth had exponentially increased the start-up’s need for more computing power.
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Disney Posts Strong Earnings Despite Slowdown in Park Visitors
Disney parks are closely watched as a bellwether for consumer confidence.
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The New York Times Passes 13 Million Subscribers
The company’s adjusted operating profit hit $117.9 million in the quarter, up 27.2 percent from a year earlier, on revenue of $712.2 million.