Blackstone’s first-quarter profit fell as dealmaking slowed in a tumultuous stretch when rising interest rates roiled markets. Distributable earnings fell 36% to US$1.25 billion.
https://t.co/shVWTSgVx6
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https://t.co/C8c833d9rV
Tesla missed Q1 profit estimates after a series price cuts designed to boost demand squeezed margins. Revenue rose 24% to US$23.33 billion in the quarter.
https://t.co/inx6TPoEL3
Lockheed Martin's first-quarter results surpassed Wall Street targets, despite parts and labour shortages due to simmering geopolitical tensions.
https://t.co/t1FN16WvBb
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https://t.co/TIePLVkcqj
Tesla’s first-quarter margins are anticipated to have hit a more than three-year low as the electric-vehicle (EV) maker slashed prices to lure more buyers in the face of rising competition and a weak economy.
https://t.co/X1Oo80dBH4
WHP Global and Express have bought menswear brand Bonobos from Walmart for $75 million. This is Walmart's second sale of a direct-to-consumer brand this year after it sold Moosejaw to Dick's Sporting Goods in February.
https://t.co/v33zf7boNM
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American Airlines revised its Q1 guidance on Wednesday, putting pressure on airline shares. It expects adjusted EPS of 1 cent to 5 cents. This is above previous break-even guidance. Analysts projected 5 cents. More than 9% of American's shares fell.
https://t.co/KkOTVrNnjE
Tupperware tumbled as much as 43% on Monday (Apr 10), the most since November, after the company said it hired financial advisers “to help improve its capital structure and remediate its doubts regarding its ability to continue as a going concern.”
https://t.co/ej88bJ5qBV
Tesla has slashed the prices of its EV in the United States, doubling down on a discount drive against a weakening economy. The cuts ranged from 1.9% on the performance version of the Model 3 to 5.6% on the basic version of the Model S.
https://t.co/6rp3NohESF
Ford Motor posted a 10.1% rise in first-quarter auto sales, fuelled by pent-up demand for electric vehicles, SUVs and trucks amid easing supply chain disruptions.
https://t.co/mFbCuawhg6
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Rivian Automotive missed its Q1
production estimates by 6.3% with 9,395
vehicles produced, but reiterated its
annual target of 50,000.
https://t.co/cVh8Jp71QA