In March, after a steep decline in Tesla’s share price, Elon Musk told employees, “Hang on to your stock.” The chair of Tesla’s board, Robyn Denholm, has not heeded his advice. Ms. Denholm has made $198 million in the past six months selling Tesla stock that she earned for serving on the board, according to…
Apple built its business by innovating. But lately, it’s been leaning on diplomacy. Tim Cook, Apple’s chief executive, recently scored exemptions from tariffs on exports of Chinese-made iPhones. The maneuver freed Apple to focus on business, and lately, business has been good. A new, lower-priced iPhone, which the company introduced in February, and strong sales…
Since the release of the ChatGPT chatbot in 2022, Microsoft has plowed more and more money into building data centers in what one industry analyst called “the largest infrastructure build-out that humanity has ever seen.” But after 10 consecutive quarters of increased spending for artificial intelligence, the company has put on the brakes, according to…
General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President Trump’s trade policies, the automaker said on Tuesday. The Trump administration imposed a 25 percent tariffs on imported cars this month and has said it will impose a 25 percent duty on imported…
Delta Air Lines on Monday cut its financial forecast for the first three months of the year, saying that growing economic concerns among businesses and consumers had lowered demand for domestic travel. The airline’s warning was the latest sign that the U.S. economy, or at least perceptions of it, have been weakening in part because…
