According to information posted on Tesla Inc.'s website on Thursday, the company increased the U.S. prices for the Model S and X luxury electric vehicles, even though they are still 20% less expensive than they were at the beginning of the year following a flurry of price reductions to spur demand....

Shares of IBM Corp rose 3.5% after the bell on Wednesday as the company's first-quarter profit beat Wall Street forecasts and it showed that demand for IT services was stronger than anticipated.   In accordance with IBM's expectations, the company's software and consulting businesses saw...

BluSmart, an Indian ride-hailing firm, is attempting to compete with Uber and Ola for market share in the nation by placing investments on an all-electric taxi fleet and making an aggressive effort to woo customers and drivers away from the competition.   The administration of Prime Minister...

According to Intel’s official quoted by news site Tom's Hardware, the company said that it would stop making a line of Blockscale mining chips. The news portal quotes an Intel spokesperson as saying that the company's current strategy, known as IDM 2.0, in which Intel is outsourcing production of...

Investors will closely examine if recent price cuts and the introduction of an ad-supported plan are luring customers to subscribe and stick with Netflix Inc., which is expected to report that it added about 2 million subscribers in the first quarter.   The company, which lost 200,000...

As the automakers strive to finalize the parameters of a strictly limited alliance, Nissan is developing expansion plans outside of Renault SA in industries like software and electric vehicles (EVs), according to seven people with knowledge of the situation.   Without going into specific...

As a result of the U.S. Federal Reserve's stricter monetary policy and higher interest rates, Wells Fargo & Co. on Friday exceeded earnings forecasts for the first quarter.   In contrast to a discharge of $787 million a year earlier, the bank set aside $1.21 billion in the quarter to...

The world's largest luxury company, LVMH, announced first-quarter sales that were up 17%, more than doubling analysts' predictions as China quickly recovered from COVID-19 lockdowns.   For the three months ending in March, sales at the French corporation, which owns the Louis Vuitton and...

The American industrial company Emerson Electric announced that it would acquire National Instruments (NI), a maker of measuring instruments. The transaction will cost $8.2 billion. Emerson will pay $60 per share to NI investors, a 14.1% premium above the price on Tuesday. NI specializes in...