Trump or Harris? 2024 stakes for America’s businesses

Trump or Harris? 2024 stakes for America’s businesses

Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than a month away, the country and its corporations are staring down two drastically different options. For airlines, banks, electric vehicle makers, health-care companies, media firms, restaurants and … Read more

Tesla’s Q3 deliveries is expected ahead of robotaxi event

Tesla’s Q3 deliveries is expected ahead of robotaxi event

Tesla is set to report third-quarter vehicle production and delivery numbers on Wednesday.  Analysts are expecting Elon Musk’s automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. That would include about 435,900 of Tesla’s Model 3 sedans and Model Y SUVs. Tesla reported deliveries of 435,059 and production of 430,488 vehicles … Read more

Roblox shares drop more than 20% as company cuts annual bookings forecast on muted player spending

Roblox shares drop more than 20% as company cuts annual bookings forecast on muted player spending

Rafael Henrique | Lightrocket | Getty Images Roblox cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation. Roblox shares fell more than 20% in early trading Thursday. The lowered forecast marks the latest … Read more

Companies make 2024 the year of cost cuts

Companies make 2024 the year of cost cuts

Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker … Read more