Tesla aims to produce 6,000 Models 3s per week by June end: Electrek
(Reuters) – Tesla Inc is aiming to produce 6,000 Model 3 units per week by the end of June to achieve its target of 5,000 units per week after accounting for a margin of error, Electrek reported, citing CEO Elon Musk’s email to employees.
Wall Street rises on earnings hopes, Netflix soars
NEW YORK (Reuters) – U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season.
United Airlines profit rises with higher fares
NEW YORK (Reuters) – United Airlines said on Tuesday quarterly profit rose, as higher fares helped offset the costs of fuel and a rash of winter storms.
IBM full-year profit forecast misses, shares fall
(Reuters) – International Business Machines Corp reported full-year profit forecast that missed Wall Street expectations, sending the shares of the company down 6 percent in extended trading.
Investor urges Facebook to set up risk oversight committee
(Reuters) – An activist hedge fund that wants Facebook to set up a risk oversight committee asked fellow shareholders on Tuesday to back the proposal, highlighting investor concerns over the company’s handling of controversies such as the recent data p…
Wall Street rises on earnings optimism, Netflix soars
NEW YORK (Reuters) – U.S. stocks rallied on Tuesday, helped by gains in the technology and consumer sectors, while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season.
Starbucks to close 8,000 U.S. stores for one afternoon for racial-bias training
(Reuters) – Starbucks Corp will close 8,000 company-owned U.S. cafes for the afternoon on May 29 so 175,000 employees can undergo racial tolerance training in response to protests and calls for boycotts after the arrest of two black men waiting in a P…
Goldman’s faith in roaring markets met with skepticism on Wall Street
(Reuters) – Goldman Sachs Group Inc is so confident in its recent business boom that it will pause share buybacks in the second quarter and instead use capital to facilitate trades, loans and deals for customers, its finance chief said on Tuesday.
Toys ‘R’ Us turns down bid for stores from toy maker: source
NEW YORK (Reuters) – Bankrupt retailer Toys “R” Us has rejected an $890 million bid for some of its U.S. stores and locations in Canada from the CEO of Bratz doll maker MGA Entertainment Inc, a person familiar with the matter said on Tuesday.
China currency moves hang in the balance in U.S. trade spat
(Reuters) – U.S. President Donald Trump’s latest complaint about China devaluing its currency is off base. But the yuan could potentially become a major sticking point in efforts to resolve the trade dispute between the world’s two biggest economies.
