The number of homes available for sale rose by more than 10 percent in March compared to the same time a year ago, data from the U.S. Census Bureau showed on Tuesday.Last month, there were 477,000 new homes available for sale, 44,000 more than in March of 2023. Compared to February 2024, new homes ready for sale were up by close to 3 percent. The March data amounted to 8.3 months of supply of homes available for sale.: What Is a Mortgage? Types & How They WorkMeanwhile, sales for the month were...
Tesla reports Q1 results after the bell on Tuesday. The EV maker has slashed staff and the prices of its electric vehicles.
Tesla dropped the prices of its vehicles globally on Friday as the largest electric vehicle manufacturer faces declining sales. The prices of the Model X, Model Y and Model S — three of its four best-selling vehicles — were each reduced by $2,000, days after the company recorded below-anticipated delivery figures for the first quarter
Domino's has managed to buck a downbeat trend for eating out in the United States, with better returns on its loyalty program and fresh promotional offers drawing inflation-weary consumers to its pizzas and chicken wings. Domino's U.S. same-store sales rose 5.6% in the quarter, with CEO Russell Weiner saying that the company saw order growth across all income cohorts in the country. Domino's revamped its loyalty program in September last year and entered into a third-party delivery partnership...
Company may let go 20% staff (Top headline, 3rd story, link) Related stories:TESLA Accelerates Rollout of New EVs as Profit PlungesPromises, promisesElon's ugly battle with Australia continues
(Bloomberg) -- Super Micro Computer Inc. reported quarterly sales that tripled from the same period last year but fell slightly short of estimates, disappointing investors who had sky-high expectations that the server maker’s business would benefit from AI-related demand.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative...
Samsung said on Tuesday that it expects the demand for chips and tech devices to remain strong throughout the year, driven by AI.The company reported an operating profit of 6.61 trillion won for the first quarter, a tenfold surge from a year earlier as its chip division returned to profitability after a severe downturn last year. Revenue also jumped 12.8% to 71.92 trillion won in the quarter, backed by strong sales of Galaxy S24 smartphones and increased prices of memory chips, Samsung...
Shares of Apple (AAPL) are down over 10% in 2024 as the tech giant has faced mounting challenges, including increased competition in China, where iPhone sales have dragged. As earnings season heats up, many on Wall Street are eyeing "Magnificent 7" tech stocks, which have led previous market rallies. Creative Strategies CEO and Principal Analyst Ben Bajarin joins Market Domination to discuss expectations for Apple's Thursday earnings report. Bajarin gives insight into key issues to pay attention...
Mounting competition in the stuttering electric vehicle market is taking the juice out of Tesla. The automaker's first-quarter profit plummeted 55% as falling global sales and price cuts sliced into the EV maker's revenue and earnings. The company said Tuesday it made $1.13 billion in profit from January through March, compared with $2.51 billion in the same period a year ago. Revenue was $21.3 billion, down 9% from last year, the company said.Tesla executives blamed the dip partly on EV sales...
The deployment of the Mid-Range Capability system in recent live-fire drills is the first in the Asia-Pacific.
Tech billionaire and Tesla CEO Elon Musk met in Beijing on Sunday with China's number two official, Premier Li Qiang, who promised the country would "always" be open to foreign firms.Chinese state broadcaster CCTV said that during their meeting, Li had promised the country would do more to help foreign firms.
Musk -- one of the world's richest people -- arrived in China earlier the same day on his second trip in less than a year to the world's biggest market for electric vehicles.Chinese state broadcaster CCTV said that during their meeting, Li had promised the country would do more to help foreign firms."China's very large-scale market will always be open to foreign-funded firms," Li was quoted as saying."China will stick to its word and will continue working hard to expand market access and...