Elon Musk, the CEO of Tesla Inc., said on Wednesday that his company would emphasize sales growth over profit in a slowing economy, continuing the pricing war he started at the end of last year.   The company, which aggressively cut prices in places like the US and China to boost demand and...

Another round of layoffs at Meta Platforms Inc. affected engineers and related tech teams as CEO Mark Zuckerberg continued to restructure the company in an effort to make 2023 a "year of efficiency."   The second round of mass layoffs at Meta, which it estimated would affect 10,000...

Despite providing a weaker-than-anticipated outlook on Tuesday, Netflix Inc. topped Wall Street earnings projections for the first quarter, highlighting the difficulties the seasoned streaming service confronts in pursuing growth.   The business claimed it delayed some financial gains by...

Tesla Inc. reduced pricing for certain of its Model Y and Model 3 electric vehicles in the United States, according to information posted on its website late on Tuesday. This is the sixth time this year that Tesla Inc. has done so in the United States due to worries about the impact on its profit...

After learning over the weekend that a performance incentive had been reduced, employees from Tesla's Shanghai factory have taken the unprecedented step of posting on social media to appeal to Elon Musk and the Chinese public.   Here are some important details concerning Tesla's business in...

Following a wave of price reductions by rival Tesla Inc., the French automaker Renault is revisiting its global pricing strategies for electric vehicles to guarantee it maintains its competitive position, a top executive announced on Monday.   After multiple price reductions in the US, Tesla...

Consumer response to the debut of Swed House, a Belarusian furniture company that sells goods meant to resemble those produced by Swedish giant IKEA, in Moscow was divided on Saturday.   IKEA, along with a large number of other Western corporations, immediately ceased all retail and...

Due to the sudden failure of two U.S. regional banks in March, consumers moved their money to larger lenders, which led to a rise in deposits for JPMorgan Chase & Co.   According to the largest U.S. lender's first-quarter earnings report, deposits increased by $50 billion at the end of...

According to Russian customs records examined by Reuters, a Chinese company purchased copper alloy ingots worth at least $7.4 million from a factory in a Ukrainian area that Russia has seized and which is subject to Western sanctions.   China has not imposed any trade restrictions on Russia,...

According to the Financial Times, which cited regulatory records it had examined, Japanese investment firm SoftBank Group Corp. has sought to sell almost all of its remaining shares in China's Alibaba Group Holding Ltd.   Following the release of the study, shares of Alibaba, one of the most...

At a hearing in a Delaware bankruptcy court on Wednesday, the attorney of the bankrupt cryptocurrency exchange FTX said that the company had recovered more than $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January.   After months...