Tesla to Lay Off More Than 10% of Workforce, Musk Tells Staff in Email

The electric-vehicle maker is grappling with dimming growth prospects amid an overall slowdown in the growth of electric-vehicle sales. 


 
Wall Street Powers Goldman to Higher Quarterly Earnings

Revenue from investment banking and trading, the bank's traditional powerhouses, surged. 


 
Deutsche Lufthansa to Post Wider Adjusted Loss Due to Strikes

The German carrier group said strikes by employees within the group and also by employees at partners hit earnings by around EUR350 million. 


 
Long-Shot Bidder Drops Buyout Effort for Failed Trucker Yellow

An investment group dropped its bid to resurrect bankrupt trucker Yellow, ending an effort to unwind one of the biggest failures ever in the trucking business. 


 
DJT Stock Plunges After Trump Media Files to Issue Shares

Trump Media & Technology Group shares tumble after the company filed to issue more stock. 


 
Charles Schwab Earnings Narrowly Beat Estimates. The Stock Is Surging.

The company's total client assets hit a record $9.1 trillion for the first quarter, up 20% from the same period a year ago. 


 
Apple's Smartphone Sales Slump as China Rivals Rise

Apple's global smartphone shipments fell sharply in the first quarter, according to a closely followed research firm, toppling the iPhone maker from its perch as the world's largest phone maker. 


 
Samsung Electronics Gets $6.4 Billion for Texas Chip Plants

The expansion includes a second factory, an advanced chip-packaging facility and research-and-development capabilities. 


 
CVC Looks to Raise at Least $1.3 Billion in Amsterdam IPO

The global buyout firm is making a second attempt to go public in less than six months. 


 
Berkshire Hathaway Buys More Liberty Sirius XM Stock. Trade Not a Winner for Berkshire.

Warren Buffett's Berkshire has been accumulating the tracking stock on nearly every trading session since late March.


(END) Dow Jones Newswires

04-15-24 1115ET