Tesla shares dip after lackluster earnings report
Tesla shares fell 12% on Wednesday after the electric car maker reported second-quarter profit that fell short of expectations. The company, led by billionaire tech mogul Elon Musk, made revenue of $25.5 billion in the three months from April to June, up 2% from the same period last year. But despite cost-cutting efforts, including widespread […]
Nasdaq futures fall after Alphabet, Tesla report earnings: Live updates – CNBC
35 minutes ago Tesla misses profit target for fourth consecutive year Tesla reported weaker-than-expected profits on Tuesday, making it the first electric-car maker to post four consecutive earnings misses. Second-quarter profits fell 17% below consensus, the biggest profit fall since January 2021. Tesla’s gross margin fell to 14.6% in the latest quarter, halving from 30% […]
S&P 500 futures are little changed as investors await key earnings reports: Live updates – CNBC
18 minutes ago CBOE Volatility Index rate of change measure hits April high last week The CBOE Volatility Index (VIX) 10-day volatility gauge rose to 32 last week, the highest level since April, according to data compiled by Canaccord Genuity analyst Michael Welch. Welch said that of the five times the measure (which is separate […]
Amex Earnings: Gen Z, Millennials Drive Credit Card Volume Growth – PYMNTS.com
American Express The earnings, released on Friday (July 19), showed that consumers continue to spend money on experiences, especially dining out, driven by younger generations who are using their cards more frequently. Spending by millennial and Gen Z customers increased 13% year over year, according to executives. CFO Christophe Le Caillec Spending growth was seen […]
Burglars Hit Bhad Bhabie’s Home Days After She Posts Multi-Million Dollar OnlyFans Earnings, Police Say: REPORT
Burglars forced their way into the home of famous singer Bhad Bhabie and successfully made off with some of her personal items just days after she flaunted her wealth online, police sources told TMZ. Bhad Bhabie publicly declared that she had earned $57 million on OnlyFans, just days before her home was burglarized. Law enforcement […]
First Horizon CEO talks regional bank competition after earnings miss – CNBC
After First Horizon reported weaker-than-expected profits on Wednesday morning, the regional bank’s CEO, Brian Jordan, told CNBC’s Jim Cramer that tough competition in the industry could continue through the rest of the year. “Competition is increasing. Money market and CD deposit rates are becoming very competitive,” Jordan said. “We’re seeing a lot of special rates […]
BlackRock Posts Earnings Beat, Assets Jump 13% to Record $10.6 Trillion. Stock Rises. – Barron's
BlackRock Inc. said on Monday that its second-quarter profit rose 11% from a year earlier, beating analysts’ expectations. The firm currently manages a record $10.64 trillion in assets for its clients, up 13% from last year. The world’s largest asset manager reported quarterly adjusted net income of $1.55 billion, beating expectations of $1.47 billion. That […]
Here's how to get a refund for remote earnings tax in St. Louis City – KSDK.com
ST. LOUIS — Thousands of people may soon be able to get refunds after the city of St. Louis recently settled a lawsuit over income taxes. Residents who live in the city of St. Louis pay a 1% income tax. People who live outside the city but whose employers are based in St. Louis also […]
St. Louis settles earnings tax case, will allow refunds for pandemic years – St. Louis Post-Dispatch
Attorney Mark Milton, center, surrounded by four of his six clients and with co-counsel for the plaintiffs, Bevis Schock, told reporters at their Clayton office on Friday, June 14, 2024, that they had won their three-year battle against the city of St. Louis in their income tax case. Photo by Laurie Skrivan, lskrivan@post-dispatch.com By Laurie […]
Software stocks got pummeled this week after a cluster of troubling earnings reports – CNBC
Shares of cloud software vendor Salesforce plunged about 20% on Thursday, its biggest drop since 2004, after the company reported weaker-than-expected revenue and a disappointing earnings outlook. Chief Executive Marc Benioff said Salesforce grew rapidly during the pandemic as companies rushed to buy products for remote work, after which customers had to integrate and ultimately […]