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Stocks drop 2.8%, led lower by tech, as April’s slump continues.

Business NY Times - April 27, 2022

Big technology companies are set to report earnings starting Tuesday. The S&P 500 has dropped nearly 8 percent this month, its worst monthly showing since March 2020. » mehr lesen

G.M.’s Profits Fell 3% in the First Quarter

Business NY Times - April 27, 2022

Revenue for the first three months of the year jumped 11 percent from a year earlier, the automaker reported. » mehr lesen

Elon Musk Is a Typical Twitter User, Except for One Thing

Business NY Times - April 27, 2022

The platform has always been the perfect place to indulge your whims. But when you’re the richest man in the world, those whims can grow significantly. » mehr lesen

Alphabet Earnings: Google Parent’s Profit Drops 8%

Business NY Times - April 27, 2022

The results were below analysts’ expectations for a net profit of $17.33 billion on revenue of $68.05 billion. » mehr lesen

Elon Musk’s Deal for Twitter Includes a $1 Billion Breakup Fee

Business NY Times - April 27, 2022

Twitter would have to pay if it signed a deal with another suitor. Mr. Musk would have to pay if his financing falls apart. » mehr lesen

Microsoft Reports Rising Revenue and Profits in the First Quarter

Business NY Times - April 27, 2022

Its sales of $49.4 billion in the first quarter were up 18 percent from a year earlier. » mehr lesen

Ford Has Made 2,000 Electric F-150 Lightning Trucks, It Says

Business NY Times - April 27, 2022

Deliveries of the F-150 Lightning, Ford’s most important new vehicle in many years, will begin in the coming week, it said. » mehr lesen

PepsiCo says revenues jumped after raising prices.

Business NY Times - April 26, 2022

Thanks to price increases at many of its popular drink and snack brands, PepsiCo reported strong first-quarter revenues. » mehr lesen