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The "Mad Money" host defended the 58-year-old energy giant after its stock fell recently. Read more: ‘I think you should own it,’ Cramer says of surging energy stock
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AI’s Giant Money Loop Is Drawing Foreign Cash Like 2008: A circular funding model is accelerating the AI boom, but also amplifying imbalances — reviving memories ...
bloomberg.com/news/features/2026-10-12/how-the-ai-boom-is-fueling-global-financial-risks
AI’s Giant Money Loop Is Drawing Foreign Cash Like 2008
Ping An Profit Falls as Stock Market Decline Hurts Returns: Ping An Insurance (Group) Co.’s profit fell 26% in the first quarter, as a decline in the stock ...
bloomberg.com/news/articles/2025-04-25/ping-an-profit-falls-as-stock-market-decline-hurts-returns
Ping An Profit Falls as Stock Market Decline Hurts Returns
Expedia Jumps On Word Uber Mulling Takeover: CEO Dara Khosrowshahi was once Expedia's CEO. Uber stock fell. Expedia jumped.
investors.com/news/technology/uber-stock-ride-hailing-giant-mulls-expedia-takeover-bid/
Expedia Jumps On Word Uber Mulling Takeover
UnitedHealth forecasts 2025 profit below Street estimates, shares fall: UnitedHealth Group provided a 2025 profit forecast below Wall Street estimates on Tuesday ...
reuters.com/business/healthcare-pharmaceuticals/unitedhealth-beats-quarterly-profit-estimates-2024-10-15/
UnitedHealth forecasts 2025 profit below Street estimates, shares fall
Wall Street darling suffers record $416 billion meltdown in one day: The value of AI powerhouse Nvidia just fell by the equivalent of the total value of energy ...
smh.com.au/business/markets/wipeout-nvidia-suffers-record-416-billion-meltdown-in-one-day-20240904-p5k7o9.html
Wall Street darling suffers record $416 billion meltdown in one day
Spirits manufacturer - | Diageo is encountering difficulties - | especially in America
lebensmittelpraxis.de/industrie-aktuell/40840-halbjahreszahlen-diageo-trotzt-schwierigen-bedingungen.html
Spirits manufacturer - | Diageo is encountering difficulties - | ...
Tesla stock price drops 13% on Q2 earnings miss, triggers EV rout: Tesla missed profit targets for a fourth straight quarter and postponed its Robotaxi event ...
markets.businessinsider.com/news/stocks/tesla-stock-price-decline-2q-earnings-report-ev-market-recession-2024-7
Tesla stock price drops 13% on Q2 earnings miss, triggers EV rout
Key FactsTesla Suffers Lowest Profit Margin in Five Years
Jul 24, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: straitstimes.com
  • Tesla reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter as the company cut prices to boost demand while increasing spending on artificial intelligence projects.

  • Elon Musk, Tesla's CEO, shelved development of an all-new cheaper car in favor of less ambitious lower-cost models and worked on creating self-driving taxis, boosting shares.

  • Tesla laid off over 10% of its employees to cut costs, and stated that profit was also affected by an increase in operating expenses, largely driven by AI projects and restructuring charges.

  • Tesla recorded automotive gross margin excluding regulatory credits of 14.65% in the second quarter, compared to estimates of 16.29%, according to 20 analysts polled by Visible Alpha.
AmEx lifts 2024 profit forecast on robust spending by affluent customers: American Express's second-quarter revenue jumped 9% to a record $16 ...
reuters.com/business/finance/amexs-quarterly-profit-beats-estimates-robust-spending-2024-07-19/
AmEx lifts 2024 profit forecast on robust spending by affluent customers
Roblox forecast cut adds to videogame gloom, shares fall most in two years: Roblox cut its annual bookings forecast on Thursday, fanning concerns about a slump ...
reuters.com/technology/roblox-cuts-annual-bookings-forecast-muted-player-spending-2024-05-09/
Roblox forecast cut adds to videogame gloom, shares fall most in two years
BP Q1 profits slump to $2.7 billion, missing forecasts: BP's first-quarter earnings plunged by 40% to $2.7 billion, missing forecasts after lower energy prices ...
reuters.com/business/energy/bp-reports-q1-profits-27-billion-missing-forecasts-2024-05-07/
BP Q1 profits slump to $2.7 billion, missing forecasts