Meta on Wednesday reported a 27 percent increase in revenue and profit that more than doubled in the first quarter, as the company said it planned to spend billions of dollars more than expected on infrastructure to support its artificial intelligence efforts. Revenue for the company, which owns Facebook, Instagram, WhatsApp and Messenger, was $36.5 […]
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Boeing on Wednesday reported a $355 million loss for the first three months of the year, as it deals with a quality crisis stemming from a Jan. 5 flight during which a panel blew off one of its planes. The loss was not as steep as analysts had expected, and it was smaller than the […]
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Tesla is expected to report on Tuesday that it made less money in the first three months of the year because of its tepid car sales, reinforcing concern among investors that the company led by Elon Musk is losing ground in the market for electric vehicles. A slump in earnings was seen as inevitable after […]
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General Motors on Tuesday reported a big jump in profits for the first three months of the year, based on the strength of its gasoline vehicle business, and raised its outlook for the rest of the year. The company saw slow growth in electric vehicles, but robust sales of internal combustion vehicles, especially pickup trucks, […]
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Netflix added 9.3 million subscribers in the first quarter of 2024, it announced on Thursday, outperforming analysts’ expectations and solidifying its status as the entertainment industry’s dominant streaming company. It also generated $2.3 billion in net income and its revenue was $9.3 billion, 15 percent higher compared with the same time last year. Netflix now […]
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As sales of Teslas drop and demand for electric vehicles cools — even as more models enter the market — an increasing number of automakers are competing for a slice of a shrinking pie. Nearly 269,000 electric vehicles were sold in the United States in the first three months of this year, according to Kelley […]
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Shares of former President Donald J. Trump’s social media company plunged on Monday after the company filed to register the potential sale of tens of millions of additional shares. Trump Media & Technology’s stock fell 18 percent, erasing hundreds of millions of dollars from the company’s market value — and putting a dent in Mr. […]
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Tesla, which has been accustomed to brisk growth, reported a drop in car sales during the first three months of the year as models from other automakers appeared to gain ground. The company led by Elon Musk said it delivered 387,000 cars worldwide in the first quarter, down 8.5 percent from 423,000 vehicles in the […]
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