The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
Category: Company Reports
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Tesla’s Falling Profit May Pressure Elon Musk to Return to Day Job
The carmaker is expected to report a decline in quarterly earnings after Tesla’s brand suffered because of its chief executive’s role in the Trump administration.
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Netflix Beats First-Quarter Forecasts
The streaming giant brought in $10.5 billion in revenue in the first three months of the year. For the first time, it didn’t disclose its quarterly subscriber figures.
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Good Luck Getting Goldman Sachs to Even Say the Word ‘Tariff’
Wall Street’s top firms have been reluctant to criticize President Trump’s trade policy, but Goldman took it to a new level on Monday.
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Good Luck Getting Goldman Sachs to Even Say the Word ‘Tariff’
Wall Street’s top firms have been reticent to criticize President Trump’s trade policy, but Goldman took it to a new level on Monday.
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Tesla U.S. Sales Plunge as G.M. and Others Make Gains
Overall sales of electric vehicles rose almost 11 percent in the first three months of the year as traditional carmakers offered new models.
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JPMorgan’s Jamie Dimon Warns of ‘Considerable Turbulence’ Ahead for Economy
Jamie Dimon of JPMorgan flagged “potential negatives” to tariffs as his and other big banks revealed their latest earnings.
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Walmart Says Trump’s Tariffs Have Added Uncertainty to Its Outlook
Executives at the largest retailer in the United States acknowledged the new environment, but told investors that they were confident in the company’s strategy.
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Tesla Sales Are Slumping, Even in the Most E.V.-Friendly Place
Elon Musk’s involvement in right-wing politics contributed to fewer deliveries in Norway the first quarter, though other factors also played a role.
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Auto Sales Surged in Anticipation of Trump’s Tariffs
Sales of cars picked up recently partly as buyers rushed to lock in deals before President Trump’s 25 percent tariffs on cars and auto parts go into effect.
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Delta Air Lines Lowers Profit Outlook on Weaker Demand
The airline lowered its financial forecast for the first quarter as economic anxiety hurts demand for tickets.