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

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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

Trump Media & Technology Group stock (DJT) extended gains on Wednesday, rising around 5% in afternoon trading as investors bet on former President Donald Trump’s improved odds of winning the November election in less than two weeks. The moves come after the stock hit its highest level since July on Tuesday, with shares closing up

Democratic presidential nominee, U.S. Vice President Kamala Harris delivers remarks before departing the vice president’s residence on October 23, 2024 in Washington, DC. Kevin Dietsch | Getty Images Vice President Kamala Harris blasted Donald Trump on Wednesday for his reported praise of Adolf Hitler and said the Republican presidential nominee “wants unchecked power.” Harris, the

McDonald’s stock (MCD) fell around 5% in afternoon trading on Wednesday after the Centers for Disease Control and Prevention said the company’s Quarter Pounder burgers had been linked to an E. coli outbreak in some states, with most illnesses in Colorado and Nebraska. “This is a fast-moving outbreak investigation,” the CDC wrote on its website.

The Federal Trade Commission received more than 330,000 reports of scammers impersonating businesses in 2023. Some of these scammers pretend to be major corporations like Amazon or Best Buy, the FTC says. But small businesses are at risk too, says Scott Taber, a cybersecurity awareness program specialist at the Michigan Small Business Development Center. “There’s