The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
Category: Company Reports
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Disney+ Adds 12 Million Subscribers, Beating Expectations
The confidence generated by the subscriber growth was offset by widening financial losses for the company’s direct-to-consumer division over all.
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Kohl’s Says Its Chief Executive, Michelle Gass, Will Depart
Ms. Gass, who will be replaced on an interim basis by Tom Kingsbury, is leaving ahead of the critical holiday season.
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C.E.O.s Are Talking More About Recession
The possibility of an economic slowdown has been a hot topic during the latest batch of quarterly earnings conference calls.
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C.E.O.s Are Talking More About Recession
The possibility of an economic slowdown has been a hot topic during the latest batch of quarterly earnings conference calls.
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Berkshire Hathaway Reports Third-Quarter Loss
The company’s huge investment portfolio lost money, while its insurance arm felt the effects of Hurricane Ian and inflation-driven rises in property and damage claims.
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Amazon, Lyft and Other Tech Companies Announce Job Cuts and Hiring Freezes
Amazon said it was pausing corporate hiring, while Lyft and Stripe said they were cutting jobs.
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The New York Times Company Adds 180,000 Digital Subscribers
The Times recorded an adjusted operating profit of $69 million for the third quarter, up from $65 million in the same period last year.
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Corporate America Has a Message for the Fed About Inflation
If Federal Reserve Chair Jerome H. Powell and his colleagues look at company earnings reports, these themes might catch their eye.
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Uber’s Revenue Is Up 72 Percent From Last Year, but It Posts a Loss
The ride-hailing company had strong revenue growth, but it still lost money in part because of its investments in other ride-hailing businesses.
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Saudi Aramco Reports $42 Billion in Profit as Cash Rolls In
The bumper earnings from the world’s largest oil company were, nonetheless, a slight decline on the previous quarter.
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Food Prices Soar, and So Do Companies’ Profits
Some companies and restaurants have continued to raise prices on consumers even after their own inflation-related costs have been covered.