The owner of Facebook, Instagram and WhatsApp continued to grow, even as it said it would spend billions of dollars more on artificial intelligence.
Category: Company Reports
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Boeing Loses $355 Million in Latest Quarter
The manufacturer has had to slow production of its popular 737 Max planes after a hole blew open on a jet during an Alaska Airlines flight in January.
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Tesla Earnings Report Could Add to Concerns About Its Strategy
Analysts expect first-quarter results to show a decline in profits, fueling worries that competitors will grab a bigger slice of slowing electric car sales.
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G.M. Reports Big Jump in Profit on Gasoline Car Sales
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.
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Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.
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E.V. Sales Are Slowing. Tesla’s Are Slumping.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
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A Slimmer Goldman Sachs Posts Hefty Jump in Profit
The Wall Street bank recorded nearly $4 billion in profit, beating analyst expectations in a tough quarter for big banks.
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Tesla’s Sales Fell in First Quarter as Competition Intensified
Sales of the company’s electric cars dropped in the first three months of the year.
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Crafts Retailer Joann Files for Bankruptcy
After pandemic-era boom in sales, Joann has been dealing with a pullback in consumer spending on at-home projects. The retailer will become a private company owned by a group of its creditors.