Tesla sales fall nearly 9% to start the year as competition heats up and demand for EVs slows
Tesla delivered 386,810 vehicles worldwide from January through March, almost 9% below the 423,000 it sold in the same quarter of last year.
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Earnings
Disney to invest $1.5B in collab with Cary-based Epic Games
Bob Iger, Disney’s CEO, announced a $1.5 billion collaboration with Epic Games to create ‘an all-new games and entertainment universe’ with familiar Disney characters and properties like Star Wars and Marvel.
Read MoreSnap shares plunge 30% in the wake of quarterly loss, layoffs
Shares of Snapchat parent Snap plunged on Tuesday after the company reported a loss in the final three months of 2023.
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Facebook is still thriving 20 years later. Here’s how
Meta has not budged from its position as a social media leader, as Facebook and Instagram compete against TikTok.
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Meta reports profits more than tripled and issues its first dividend
Meta on Thursday reported a 25% increase in quarterly revenue while profit more than tripled, a rise fueled by its ads business after a shaky 18 months of layoffs and a rocky digital advertising market.
Read MorePfizer stays the course on 2024 outlook after delivering better earnings than Wall Street forecast
Pfizer turned in a better-than-expected fourth quarter, boosted by products outside the drugmaker’s slumping COVID-19 vaccine and treatment.
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