(Bloomberg) — Tesla Inc. surpassed Wall Street estimates for earnings in the third quarter and projected a slight increase in deliveries for the current year, reflecting a rebound in demand for its electric vehicles. Most Read from Bloomberg The company on Wednesday reported adjusted earnings of 72 cents per share for the quarter, above the […]

Regulators today ordered Apple and investment banking giant Goldman Sachs to pay almost $90 million in penalties and customer redress over what it termed “Apple Card failures.” The Consumer Financial Protection Bureau (CFPB) cited “customer service breakdowns and misrepresentations” that affected hundreds of thousands of Apple Card customers. Chief among the issues cited: the failure

First, the good news: That extra dollar or $1,000 or $10,000 that you scraped out of your paychecks and invested has actually earned you some money. Now, the bad news: Uncle Sam is waiting at your door with his hand out because the Internal Revenue Service (IRS) wants its share of that money.  You have

In March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for businesses to transact using digital currencies. The company was Bridge Network. As part of his pitch, Ahn flew to a small town in northern Montana with a term sheet in hand

Tesla (TSLA) reported mixed third quarter results after the bell on Wednesday, but the stock jumped in after-hours trading as investors cheered the earnings beat, higher gross margins, and news that Tesla’s cheaper EV is on track for production next year. CEO Elon Musk also added on the earnings call that Tesla’s volume growth could

DETROIT (AP) — Tesla’s third-quarter net income rose 17.3% compared with a year ago as its electric vehicle sales rose. The Austin, Texas, company said Wednesday that it made $2.17 billion from July through September, more than the $1.85 billion profit it posted in the same period of 2023. The profit came despite price cuts

Don’t let these rules come as a surprise. Throughout your working life, you’ll pay taxes on your income — and chances are good your employer will take care of helping you fulfill many of your obligations to the IRS. When you retire, your tax liability doesn’t disappear. But you’ll have to take control of learning

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Stefan Wermuth | Bloomberg | Getty Images IBM shares moved 3% lower in extended trading on Wednesday after the hardware, software and services provider fell short of Wall Street’s revenue expectations for the third quarter. Here’s how the

The Dow Jones Industrial Average and other major indexes suffered a steep decline Wednesday afternoon as the yield on the benchmark 10-year U.S. Treasury note continued its upward climb, reaching 4.23%—a level not seen since July. In the afternoon, the Dow dropped 631 points, or 1.4%, heading for its worst day in over a month.

KEY TAKEAWAYS The Consumer Financial Protection Bureau (CFPB) fined Apple and Goldman Sachs more than $89 million for mishandling and misleading Apple Card users, causing its customers to pay for unexpected and sometimes potentially fraudulent or unauthorized purchases. The technology company and investment bank partnered to launch the Apple Card in 2019 despite being aware of technological