Tesla CEO Elon Musk continues to promise investors that autonomy is in the company’s future even as financials deteriorate.
Schlagwort-Archiv: Financial
Biogen tops profit estimates as cost cuts take hold, Alzheimer’s drug Leqembi launch picks up
Alzheimer’s drug Leqembi brought in approximately $19 million in sales for the quarter, up from the $10 million the drug generated last year.
Boeing reports better-than-feared quarter, says supply chain is stabilizing amid 737 Max crisis
Boeing has been mired in a safety crisis since a door plug blew off a 737 Max 9 in early January.
Kering shares sink 9% after profit warning on declining Gucci sales
Shares of French luxury group Kering sank more than 9% Wednesday after the company warned that it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.
Swiss pharma giant Roche’s first-quarter sales edge higher as its emerges from post-Covid-19 slump
Roche lowered its 2024 growth outlook in February as it continues to confront a drop-off in demand for its Covid-19 products and a number of its cancer drugs.
Philippines orders removal of Binance from Google and Apple app stores
The Philippines‘ Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps from their respective app stores.
Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending
One’s expanding role at Walmart raises the possibility that the company could force Affirm and others out of some of the most coveted partnerships in retail.
Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates
Home Energy Rebates funding should start flowing to many consumers within months after the Department of Energy approved the first state application.
JetBlue shares tumble 10% after airline lowers 2024 revenue outlook
JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.
General Motors raises 2024 guidance after big first-quarter earnings beat
GM’s North American operations, driven by truck sales, were largely responsible for the company’s first-quarter beat and guidance raise, the automaker said.