The electric car company’s decision to slash prices appears to have paid off in reviving demand.
Category: Company Reports
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Virgin Orbit’s Failed Launch Is a Blow to the Company
Richard Branson’s satellite launch company, which hasn’t recovered since a January mishap in Britain, has laid off nearly all its employees.
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Huawei, Pummeled by U.S. Sanctions, Reports Plunge in Profit
The company blamed the profit decline on pandemic lockdowns and an increase in research and development to counter restrictions on access to U.S. technology.
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How the S&P 500 is Dominated By Apple and Microsoft
Investors in the S&P 500 are highly dependent on the fate of Microsoft, Apple and other big technology stocks. A rally in March showed how this can mask turmoil in the rest of the market.
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People Bought Crocs During the Pandemic. They Haven’t Stopped.
While other brands that thrived with customers in quarantine have dropped off, sales of the easily slipped-on clogs are up nearly 200 percent since 2019.
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WeWork Reaches a Debt Restructuring Deal With SoftBank
The agreement will reduce the unprofitable office space company’s debt, giving it more financial breathing room.
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An Indian tech company’s stock falls after it reveals a link to Silicon Valley Bank.
Nazara Technologies, a mobile gaming company, said two of its subsidiaries had together more than $7.7 million in balances at the failed bank.
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Saudi Aramco Reports Record Profit as Fossil Fuels Remain ‘Essential’
Saudi Arabia’s national oil company earned $161 billion last year, a nearly 50 percent jump over 2021, and said demand for oil would continue.
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Investors Fear a Recession Spurred by the Fed’s Inflation Fight
Investors were alarmed at suggestions by Jerome Powell, the Federal Reserve’s chairman, that interest rates could go even higher in a bid to halt inflation.
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Adidas Wants to Move On but Still Has $1.3 Billion in Yeezy Sneakers
After severing business ties with the rapper Ye, Adidas said it would cut its dividend and declared 2023 a “transition year.”
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Why Companies Are Pushing Premium Products With Higher Prices
Companies are trying to maintain fat profits as the economy changes, making “premiumization” their new favorite buzzword.
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Retailers Lay Out a Downbeat Outlook as Inflation Squeezes Low-Income Shoppers
Despite better-than-expected earnings, retail executives predict that any sales growth will be much smaller than in years past.