NEW YORK (AP) — The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12% and profits slumped 16% in the three…
Mark Zuckerberg, CEO of Meta Platforms Inc.; from left, Lauren Sanchez; Jeff Bezos, founder of Amazon.com Inc.; Sundar Pichai, CEO of Alphabet Inc.; and Elon Musk, CEO of Tesla Inc., during the 60th presidential inauguration in the rotunda of the U.S. Capitol in Washington, D.C., on Jan. 20, 2025. Julia Demaree Nikhinson | Bloomberg |…
The S&P 500 Index shuffled between gains and losses on Tuesday, as investors pored over corporate earnings and awaited results from two of the mega-cap stocks that helped propelled this year’s rebound in equities. The stock benchmark was little changed as of 2:23 p.m. in New York after notching a new all-time high in the…
Wall Street dipped in premarket trading Tuesday, but indexes remained near record highs on another big day for corporate earnings reports. Futures for the S&P 500 lost 0.1% before the bell, while futures for the Dow Jones Industrial Average and Nasdaq were each off 0.2%. Homebuilders were the early winners, with D.R. Horton climbing nearly…
This photograph shows the front logo of a car at the new Citroen C5 Aircross’ production line in the Stellantis car maker plant in Chartres-de-Bretagne, near Rennes, western France, on July 3, 2025. Damien Meyer | Afp | Getty Images U.S. President Donald Trump‘s tariffs on European car imports were always expected to hit hard…
The corporate earnings season heats up this week with some of the largest companies in the world set to report. More than 100 S & P 500 names are scheduled to post their latest quarterly figures, including Tesla, Alphabet and Coca-Cola. Those numbers come after a solid start to the reporting period. Of the roughly…
Burberry shares up 8% as U.S. sales strengthen Trench coats on display in a Burberry store on Bond Street in London on Sept. 15, 2023. Bloomberg | Bloomberg | Getty Images Shares of Burberry are up more than 8% at 11:33 a.m. London time (6:33 a.m. E.T.), after the luxury retailer reported a 4% year-on-year…
Earnings for the second quarter will heat up this week, with more at stake than usual as they represent a fuller picture on how tariffs are actually affecting businesses and consumers. The top U.S. banks will report, starting with JPMorgan Chase, Citigroup and Wells Fargo on Tuesday. In the tech sector, streaming leader Netflix and chip giant TSMC report on Thursday. Among…
U.S. markets pointed lower on Sunday night as the Trump administration showed no signs of backing off on tariffs or Federal Reserve Chairman Jerome Powell. After Wall Street previously downplayed risks from President Donald Trump’s trade war, investors are starting to take his tariff threats more seriously. Trump continued his letter-writing blitz, warning the EU…
A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024. Joan Valls | Nurphoto | Getty Images Delta Air Lines reinstated its 2025 profit outlook Thursday and said it expects a stronger summer travel season than Wall Street anticipated. Bookings have stabilized after a drop…