Tesla just had its best week since May 2013
Tesla shares rose 33% to close their best week since May 2013, boosted by positive economic data and an earnings beat.
Financial News
CDC urges people with weak immune systems to take extra precautions after Covid subvariants knock out Evusheld
Evusheld was a key antibody treatment taken by people with weak immune systems as an added layer of protection.
Intel shares drop on weak quarterly results and expectations for another quarter of losses
Intel called for a loss in the first quarter, while analysts had expected income. The chipmaker is dealing with a sharper-than-expected PC market contraction.
Tesla reports record revenue and beats on earnings
Electric vehicle maker Tesla reported earnings after the bell. Here are the results.
Microsoft offers lackluster guidance, says new business growth slowed in December
Microsoft saw slower Azure growth and device execution challenges in a quarter where it took a $1.2 billion charge, mainly for cutting 10,000 jobs.
Microsoft announces new multibillion-dollar investment in ChatGPT-maker OpenAI
Microsoft announced a new multiyear, multibillion-dollar investment with the artificial intelligence lab OpenAI, according to a release Monday.
Google employees scramble for answers after layoffs hit long-tenured and recently promoted employees
Employees have rallied to find out who’s been laid off while demanding answers from leadership.
Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case
Federal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares.
Google to lay off 12,000 people — read the memo CEO Sundar Pichai sent to staff
Sundar Pichai, Google’s CEO, said in an email sent to the company’s staff Friday that the firm will lay off 12,000 employees.
Netflix founder Reed Hastings is giving up his CEO role
Hastings co-founded Netflix in 1997. Ted Sarandos was promoted to co-CEO alongside Hastings in July 2020.