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Tesla has posted record profits, overcoming supply chain issues that have troubled the auto industry to blow away Wall Street's company forecast for the first quarter of 2022. The company earned adjusted income of $3.7 billion, much higher tha...

Netflix lost 200,000 subscribers in the first quarter of 2022, sending its stock down as much as 25% in after-hours trading. The company's share price has fallen more than 40% year to date. The bad news did not end there. During its quarterly...

War in Ukraine and freezing temperatures in the US have led to forecasts of a lower corn supply, driving grain prices higher.  Chicago Board of Trade (CBOT) corn futures topped $8 a bushel and reached their highest price in nearly a decade on...

Taiwanese electronics company Pegatron announced this week that it had suspended production at its facility in Shanghai until further notice. On the advice of the local government, Pegatron joined other electronics manufacturers, like Apple, in ha...

Some of the biggest US banks saw reduced profits in the first quarter of 2022. Prominent names, like Citi, Goldman Sachs, Morgan Stanley, JPMorgan Chase and Wells Fargo, all announced significant year-on-year profit declines in earnings reports this...

Honda is joining the global race for electric vehicle (EV) dominance by announcing an investment of almost $40 billion to electrify its fleet of cars in the next decade. The Japanese automaker’s stock price was unchanged on the Tuesday annou...

Crude futures have fallen nearly 3% after nearing $140 a barrel in early March and hitting $120 as recently as two weeks ago. Rather than skyrocket after Russia’s invasion of Ukraine, oil prices are falling. With Shanghai and other Chinese c...

The Federal Reserve's interest rate hikes should boost lending profits for major financial firms in the US. Blue chip banks, like JPMorgan Chase, Wells Fargo and Citigroup, are expected to report first-quarter earnings this week. Investors are...

Shell will write down as much as $5 billion following its decision to exit Russia, more than previously disclosed. After revealing post-tax impairments of between $4 billion and $5 billion, the company’s shares fell 1.2% in London trading th...

Western countries are tapping more of their emergency oil reserves to help wean themselves off Russian crude. The International Energy Agency (IEA) said this week it would supply the oil market with 60 million additional barrels of crude from its...

India has seen a surge in cryptocurrency trading since the start of the coronavirus pandemic. Driven by its 750 million Internet users, the country is growing into a hotbed for crypto investment. In 2021, India ranked second behind only Vietnam in...

Tesla opened its third assembly plant, on the outskirts of Berlin, Germany, and made the first deliveries of its Model Y sedan on Tuesday. With the carmaker's stock down 21% this year due to inflation, the ongoing pandemic, and rising interest...

The global economy continued to give mixed signals as it battled with the fallout from Russia’s invasion of Ukraine and lingering high inflation. US stocks slipped Monday just as shares dropped in China, Hong Kong and South Korea. The S&...

Europe's stock markets consolidated strong gains made in Asia on Thursday, after the US Federal Reserve pressed ahead with its first interest rate rise in more than three years. The EuroSTOXX 600 was steady, 0.1% lower after an initial rise. T...

In a much-anticipated move, the US Federal Reserve raised interest rates for the first time since 2018. The American central bank is hoping that higher interest rates, in concert with reduced pandemic-era fiscal support, will help reduce inflation....