The electric vehicle maker Tesla, known for its innovative technology and forward-thinking approach, faced a setback as shares fell 2.8% following an internal memo announcing plans to lay off more than 10% of its global workforce. While CEO Elon Musk emphasized the importance of cost reductions and increasing productivity in preparing the company for future
Earnings
The stock of Goldman Sachs saw a significant increase of 3.3% in premarket trading after the company surpassed Wall Street’s expectations for first-quarter earnings. This positive performance was mainly driven by gains in its trading and investment banking divisions. Analysts had projected earnings of $8.56 per share on revenue of $12.92 billion, but the actual
Most Asian stocks experienced a sharp decline on Monday, driven by a combination of factors including an Iranian attack on Israel and concerns over higher U.S. interest rates. Despite Chinese stocks showing resilience and rebounding from a one-month low, the overall sentiment in regional markets was negative. Japan’s Nikkei 225 was among the worst performers
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Alibaba, one of the largest e-commerce companies in the world, has faced some challenges in recent months. While founder Jack Ma expressed satisfaction with the company’s turnaround, Wall Street analysts have been less optimistic. Concerns about the amount of money Alibaba is currently spending on investments, particularly in core operations such as domestic and international
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As JPMorgan Chase prepares to unveil its first-quarter earnings, all eyes are on Wall Street’s expectations. Analysts anticipate earnings of $4.11 per share and revenue of $41.85 billion. Moreover, the net interest income is projected to reach $23.18 billion. The industry experts are specifically interested in the trading revenue numbers. It is predicted that the