REF

Musk bullish on Tesla sales as price cuts boost demand

Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have boosted demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying fears a weak economy could strangle the buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit …

Musk bullish on Tesla sales as price cuts boost demand Read More »

Goldman misses earnings estimates as deals slump and consumer business hits

Jan 17 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a bigger-than-expected 69% drop in fourth-quarter profit on Tuesday as it battled a drop in deals, lower revenue from the asset and wealth management and recognized losses in its consumer business. Wall Street banks are making drastic staff cuts and streamlining operations as trading activity, …

Goldman misses earnings estimates as deals slump and consumer business hits Read More »

TSMC cuts investment in 2023 after record fourth quarter as chip demand weakens

Q4 profit of T$295.9 billion vs. T$289.44 billion, analysts say Fourth-quarter revenue up 26.7% year-on-year to $19.93 billion Sees 2023 investments at $32-36 billion from $36.3 billion the previous year The company plans to increase its production abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter revenue would fall …

TSMC cuts investment in 2023 after record fourth quarter as chip demand weakens Read More »

Southwest promises refunds as airline sees ‘certain’ financial impact

WASHINGTON, Dec 29 (Reuters) – Southwest Airlines (LUV.N) has promised to reimburse passengers for expenses such as hotels and car rental in addition to refunding tickets after canceling thousands of flights due to a huge winter storm and said there would be an as-yet-undetermined hit to its earnings. “There will definitely be an impact on …

Southwest promises refunds as airline sees ‘certain’ financial impact Read More »

CarMax Results Hit by “Used Car Recession”; takeover on hiatus

Dec 22 (Reuters) – Used car retailer CarMax Inc (KMX.N) said on Thursday it was suspending some hiring, halting share buybacks and cutting spending after reporting an 86% drop in its earnings in the third quarter as the industry struggled to unload inventory amid falling demand. The company’s shares fell 12% to $52.10 and were …

CarMax Results Hit by “Used Car Recession”; takeover on hiatus Read More »

Oil Clearance Effort for Keystone Pipeline Spill Will Extend Until Next Week, Says US EPA

Dec 9 (Reuters) – The effort to clear oil from the largest crude oil spill in the United States in nearly a decade will continue until next week, the U.S. Environmental Protection Agency said on Friday. environment, making it likely that the Keystone pipeline will be shut down for several more days. TC Energy (TRP.TO) …

Oil Clearance Effort for Keystone Pipeline Spill Will Extend Until Next Week, Says US EPA Read More »