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IBM shares closed up 7.1% on Wednesday after the hardware, software and consulting provider reported stronger-than-expected first-quarter results, inspiring analysts to raise price targets and estimates. The gains marked IBM’s best day since early April 2020. The 110-year-old technology company has become more favorable to investors this year as central...

Tesla and SpaceX CEO Elon Musk ripped Netflix as having a "woke mind virus" that makes subscription streaming service "unwatchable" Tuesday as shares took a nosedive. "The woke mind virus is making Netflix unwatchable," Musk tweeted Tuesday night, responding to Slashdot’s tweet about Netflix’s shares cratering by 20% after the...

Tesla CEO Elon Musk is willing to invest up to $15 billion of his own cash to take Twitter private and will make a bid within 10 days, according to Tuesday reports. The New York Post reported...

Netflix on Tuesday reported a loss of 200,000 subscribers during the first quarter — its first decline in paid users in more than a decade — and warned of deepening trouble ahead. The company’s shares cratered more than...

After swinging between positive and negative territory throughout the day, U.S. stocks finished the day largely flat, held back by rising rates across most of the U.S. Treasury curve on expectations that sky-high inflation will lead the Federal Reserve to aggressively...

SINGAPORE — Shares in Asia-Pacific were mixed on Wednesday as China defied expectations by keeping its benchmark lending rate unchanged. Mainland Chinese stocks led losses among the region’s major markets. The Shanghai composite closed 1.35% lower at...

Rivian CEO RJ Scaringe is warning that the upcoming battery shortage is going to make the current chip shortage look like a “small appetizer.” The warning comes almost a decade after Tesla announced plans for a battery gigafactory when the automaker sent similar warnings to the auto industry. To be fair...

Bank of America posted first-quarter profit on Monday that exceeded analysts’ estimates, helped by the better-than-expected credit quality of its borrowers. Here are the numbers: Earnings: 80 cents a share vs 75 cents a share Refinitiv estimate. Revenue: $23.33 billion vs $23.2 billion estimate The bank said that profit declined 12% to $7.07...

Former Twitter CEO Jack Dorsey slammed the board's "dysfunction" as it handles billionaire Elon Musk's offer to purchase the company. "If look into the history of Twitter board, it’s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding...

Sharply rising mortgage rates are taking their toll on the nation’s homebuilders, as already pricey new construction becomes even less affordable. Builder confidence in the market for new single-family homes fell 2 points to 77 in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Any...