Tesla shares plummet 9% after Elon Musk sounds cautionary note, downplays Cybertruck
Shares of Tesla fell Thursday after the electric automaker released third-quarter results that missed on top and bottom lines.
Europe gives Meta, TikTok six days to share information on response to Israel-Hamas conflict
The EU said it would like Meta and TikTok to hand over information on how they’re tackling misinformation about the Israel-Hamas war.
America’s first major offshore wind farm installs first of 62 huge turbines from GE unit
Vineyard Wind 1 is using 13 megawatt versions of GE Vernova’s huge Haliade-X turbines.
Big banks are quietly cutting thousands of employees, and more layoffs are coming
Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.
As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal
Global fintech giant Airwallex said it has acquired MexPago, a rival payments company based out of Mexico, for an undisclosed sum.
U.S. weekly jobless claims total 198,000, fewer than expected
Initial jobless claims for the week ended Oct. 14 were expected to total 210,000, according to a Dow Jones consensus estimate.
American journalist detained and charged in Russia
Alsu Kurmasheva’s detention follows the arrest of Wall Street Journal reporter Evan Gershkovich, who is still awaiting trial on espionage charges.
Netflix shares climb nearly 14% in premarket trade on strong subscriber growth
The company added 8.8 million subscribers after its crackdown on password sharing and cheaper, ad-supported platform.
Nestle misses nine-month sales estimates, expects volume upturn by year-end
Nestle posted lower-than-expected nine-month sales growth Thursday as higher product prices impacted shoppers.
Google to manufacture smartphones in India starting with Pixel 8
Alphabet will start manufacturing in India and will partner with international and domestic manufacturers to produce its Pixel smartphones locally.
