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Tesla stock is worth only $85 after gross margin whiff, analyst says: Wall Street reacts

Jennifer DuBois -
After Tesla's mixed second quarter, which featured a bad whiff on gross profit margin thanks to a steady drumbeat of price cuts, one...
Business

Tesla Sinks as Musk Warns of More Blows to Profitability

Jennifer DuBois -
(Bloomberg) -- Tesla Inc. shares dropped in early trading after the carmaker warned of more hits to its already-shrinking profitability.Most Read from BloombergChief...
Business

Taiwan Semi Profit Slumps on Slow Chip Demand

Jennifer DuBois -
Business

TSMC Cuts 2023 Revenue Outlook as Global Chip Slump Persists

Jennifer DuBois -
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. trimmed its outlook for 2023 revenue, sending a warning to investors that the global electronics slump may...
Business

A Battlefield AI Company Says It’s One of the Good Guys

Jennifer DuBois -
Instead that slogan says less about what the company does and more about why it’s doing it. Helsing’s job adverts brim with idealism,...
Business

Spain’s Elections Pit Gig Workers Against the Far Right

Jennifer DuBois -
The election sees Sumar and center-left PSOE facing off against the Popular Party, the traditional party of the right wing in Spain, and...
Business

XRP Moving Above ‘Cloud’ Resistance is Bullish Precedent for Bitcoin: Analyst

Jennifer DuBois -
Payments-focused XRP has set a bullish precedent for market leader bitcoin (BTC) with a move above key price resistance that has opened doors...
Business

UPDATE 2-Nokia profit falls as North American slowdown dents margins

Jennifer DuBois -
(Adds background in 2nd, 4th paragraph, details on results in 6th, 7th paragraphs, CEO comment in 3rd, 5th and 8th paragraphs)By Supantha MukherjeeSTOCKHOLM,...
Business

Evergrande Creditors Seized a $1.6 Billion Tower They Can’t Sell

Jennifer DuBois -
(Bloomberg) -- Nothing symbolizes the demise of China Evergrande Group like the Hong Kong tower that it bought for a record $1.6 billion....
Business

Made in Russia? Chinese cars drive a revival of Russia’s auto factories

Jennifer DuBois -
By Gleb Stolyarov and Alexander Marrow(Reuters) - The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was...
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