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Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk's political views continue to keep buyers away, a significant development given expectations that anger with the company's billionaire CEO would have faded by now. The company reported a 13% plunge in sales on Wednesday in a sign that Musk's embrace of U.S. President Donald Trump and far-right politicians in Europe has had a deep and enduring impact on Tesla’s brand appeal. The new figures show rival electric-vehicle makers have wasted no time to pounce on the company's weakness to steal market share and suggest Tesla’s quarterly earnings report later this month could also disappoint...
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Tesla stock rose Wednesday after the EV maker reported global electric vehicle deliveries below Wall Street's low projections but produced more cars than expected...
Continue ReadingIt was planning to cut thousands of jobs, particularly in sales, Bloomberg News reported last month. Microsoft said on Wednesday it planned to reduce organizational layers with fewer managers and streamline its products, procedures and roles. Separately, Bloomberg News reported Microsoft's Barcelona-based King division, which makes the Candy Crush video game, is cutting 10% of its staff, or about 200 jobs...
Continue ReadingAmazon (AMZN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects...
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The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now...
Continue ReadingApple (AAPL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects...
Continue ReadingFoxconn ordered over 300 Chinese employees to return home from its factories in India, per Bloomberg...
Continue ReadingBRUSSELS (Reuters) -Google has proposed fresh changes to its search results in an attempt to fend off growing criticism from rivals, a week before a key meeting that could lead to yet another EU antitrust fine, according to a document seen by Reuters. The U.S. tech giant has been under pressure after being hit in March with European Union antitrust charges of unfairly favouring its own services such as Google Shopping, Google Hotels and Google Flights over competitors. The company, owned by Alphabet, will meet its rivals and the European Commission to discuss its proposals during a July 7-8 workshop in Brussels, the document said...
Continue ReadingThe Dow Jones index wavered Wednesday on surprise jobs data. Tesla stock climbed ahead of second-quarter deliveries...
Continue ReadingIntel's new CEO Lip-Bu Tan is considering a shift away from marketing its 18A chip-manufacturing process, potentially focusing more on a next-generation process still in development, according to Reuters...
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