Tesla's Whirlwind April
Tesla announced troubling first quarter earnings on Wednesday. The electric car company said that it had lost $702 million and its revenue had also dropped 37% compared to the previous quarter.
Business
Is Everything Awesome In The Economy?
The first few months of 2019 looked troubling. But now we seem to be on the upswing.
Boeing Officials Say Company Is Taking Financial Hit From Grounding Of 737 MAX Jets
Boeing has released a quarterly earnings report that shows revenue and profit taking a hit from the grounding of its 737 MAX planes. Profits fell 13% compared to the same quarter a year ago. Overall revenues fell much less though, only 2%.
Kohl's Will Now Accept Amazon Returns At All Its Stores
The reatiler is betting that easy returns will drive foot traffic to its stores. Shares of Kohl's stock spiked with the news.
Government Expands Air Bag Investigation To Include More Than 12 Million Vehicles
A component responsible for detecting a crash and deploying air bags has been malfunctioning owing to electrical interference, the National Highway Transportation Safety Administration says.
Facebook Recruits Surveillance Hawk To Be Its Top Lawyer
Facebook's new chief lawyer is tasked with guiding the firm through increasingly treacherous legal woes. Jennifer Newstead was one of the lawyers who crafted the controversial Patriot Act.
Henry Bloch, Co-Founder Of H&R Block, Dies At 96
Bloch, along with his brother Richard, started the business as the IRS was phasing out its free tax prep service. They changed the "h" in their last name to a "k" so it would be easier to pronounce.
Drug Distributor And Former Execs Face First Criminal Charges In Opioid Crisis
A DEA official said the indictments are meant to send "shock waves" through the pharmaceutical industry to remind it of its responsibility to help control prescription medications.
To Fight Climate Change, New York City Will Push Skyscrapers To Slash Emissions
A law — the first in the world — will require retrofits of large buildings, with a price tag in the billions. Buildings are responsible for about 70% of the city's greenhouse gas emissions.
The Affluent Homeless: A Sleeping Pod, A Hired Desk And A Handful Of Clothes
Many young people participate in the rental economy. They own less stuff than their parents' generation, and they rent or share a lot more. For some it's a choice; for others, a necessity.