Tesla recently started slashing prices across its entire lineup, with some coming down as much as much as 20 percent. It was an unexpected move, after the Silicon Valley-based EV maker reached record sales for 2022, beating out even BMW in the US Afterward, Ford gave its Mustang Mach-E a heavy discount as well, likely …
BMW Won’t Follow Tesla with Price Cuts for Electric Vehicles Read More »
In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Light Rocket | Getty Images PennEntertainment on Thursday became the first US gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it’s tougher …
Penn sports betting business posts fourth quarter profit Read More »
Tim Cook, chief executive officer of Apple Inc., speaks during a “First Tool-In” ceremony at the TSMC facility under construction in Phoenix, Arizona, on Tuesday, Dec. 6, 2022. Caitlin O’Hara | Bloomberg | Getty Images Apple reports fiscal first-quarter earnings after the bell. Analysts expect the iPhone maker to post its first year-over-year revenue decline …
Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. The housing market hasn’t seen the rate with a five handle since a brief blip …
Mortgage rates drop to the 5% range for first time since September Read More »
With Novo Nordisk’s obesity treatment Wegovy fully back in stock in December, sales are beginning to soar, the Danish pharma reported during its annual earnings call on Wednesday. Total scripts of the glucagon-like peptide 1 (GLP-1) Wegovy topped 37,000 weekly in mid-January, a hockey stick uptick from end-of-year levels below 15,000 per week. The new …
The “Great Regret” is the latest workplace trend to sweep the nation, with the majority of professionals who quit their jobs last year wishing they could get a do-over, according to a new survey. 2022 was another record year for quitting — 4.1 million workers left their jobs in December, bringing the grand total for …
80% of workers who quit in ‘great resignation’ regret it: new survey Read More »
The options market has prepared for bigger-than-usual moves in the stocks of a trio of trillion-dollar companies, the day after they report quarterly earnings results. That’s because the implied volatility, or how much a stock can be expected to move over a certain period, of the stocks for Apple Inc. AAPL, +3.54%, Alphabet Inc. GOOGL, …
Tesla (TSLA) bull Cathie Wood doesn’t see the EV maker’s recent price cuts as damaging the brand. Instead, they may be more of a problem for automakers trying to close the gap, they contended. “I think traditional auto manufacturers are going to have trouble keeping up with the price declines that Tesla’s technology is enabling,” …
Global green energy company Siemens Gamesa reported Thursday that it had lost a staggering $967 million during the three-month period from between October to December. The Germany-based company, which dubs itself as “the global leader in offshore power generation,” noted the wind industry has faced various unfavorable pressures leading to negative growth in recent months …
The Commission took issue with Meta’s pairing of Facebook Marketplace with its personal social network. Budrul Chukrut | SOPA Images | Light Rocket | Getty Images Check out the companies making headlines in midday trading. Meta — The tech giant’s shares jumped 25% by the middle of the trading day, on track for its strongest …