When they report first-quarter profits this week, Detroit automakers General Motors Co. and Ford Motor Co. will aim to reassure Wall Street that they won't get caught up in a price war with Tesla Inc.   Investors are still unconvinced as of now. GM stock is selling near its 2010 IPO price of...

After the bell rang on Monday, First Republic Bank said that deposits had fallen by more than $100 billion and that it was looking into possibilities like restructuring its balance sheet. This news caused shares of the bank to drop more than 20%.   Profits for the struggling company, which...

Despite significant price reduction, rivals stepped up in the first quarter of the year, causing Tesla's market share in its crucial California region to decline. According to calculations made by Reuters using information from the California Energy Commission, Tesla Inc. held 59.6% of the battery...

Chip designer Arm, a SoftBank-owned company, is creating its own chip to demonstrate the possibilities of its designs as it looks to expand after a successful IPO later this year.   According to those briefed on the development, the corporation will collaborate with manufacturing partners to...

Customers, particularly those in the US, continued to accept price increases without protest, which helped Procter & Gamble Co. increase its third-quarter margins and sales projection for its Tide detergent.   Manufacturer of Oral-B toothpaste, Pampers diapers, and Pantene shampoo...

Just over a week after deciding to sell menswear label Bonobos, Walmart Inc. is now selling plus-size fashion brand Eloquii Inc., highlighting an aim to increase margins by focusing more tightly and focusing on alternate revenue sources.   In its statement on Friday, the buyer, FullBeauty...

Ford Motor Co. needs to reinvent its brand for the world's largest auto market as it deals with a booming and very competitive market for electric vehicles (EVs) in China, according to Chief Executive Jim Farley.   "We're going to have to rethink what the Ford brand means in a place like...

Experts claimed on Thursday that the stunning explosion of SpaceX's new Starship rocket, which occurred minutes after it took off on its first flight test, is the most recent striking example of a "successful failure" business strategy that benefits Elon Musk's company.   Experts claimed...

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...