Tesla’s margin getting hammered by discounts and hefty AI spending
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference...
Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future...
Rolex downturn? LVMH’s ‘smaller’ Swiss watch brand grapples with Rolex over $150 million Formula 1 sponsorship deal
A Swiss watch brand owned by French luxury conglomerate LVMH is in talks to take over as the official timekeeping...
US men’s soccer team faces favorite France as 2024 Olympics kicks off
Kicking off the 2024 Olympics with a match against the odds-on favorites doesn’t seem ideal for the U.S. men’s soccer...
Netflix’s new gaming boss is a former Epic Games exec
Netflix has hired Alain Tascan as its new president of games. Before joining Netflix, Tascan was executive vice president for...
Spain’s Santander posts 20% hike in net profit as retail business shines
Banco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer...
Tesla shares fall 7% in premarket trading after earnings miss
Elon Musk, CEO of Tesla.Antonio Masiello | Getty ImagesTesla shares fell more than 8% in premarket trading in the U.S....
Luxury giant LVMH’s earnings hit by budget-tight Chinese consumers
Luxury companies have not had it easy in recent years. First came the pandemic, then an affordability crisis driven by...
Mets’ Aaron Judge free-pass strategy pays off in win
In his first four plate appearances, Aaron Judge saw a total of two strikes. In his fifth plate appearance, the...
Jaguar Land Rover is the world’s best electric racing team. Here’s how that will shape its EVs
Jaguar TCS won its first Formula E Teams title on Sunday at London’s unique indoor/outdoor ExCel Centre track, marking the...
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