Vodafone shares drop 7% after record 11,000 jobs cut as CEO says telco 'must change'
Vodafone said it would cut 11,000 jobs over three years, out of a total headcount of just over 100,000.
CNBC Earnings
Polestar to cut 10% of workforce as delays push upcoming SUV to 2024
The Swedish EV maker said its net loss narrowed dramatically compared with a year ago.
Disney’s streaming losses improve even as subscriber numbers decline
Disney is also in the process of laying off thousands of employees under CEO Bob Iger's restructuring plan.
Shares of Unity pop on revenue beat, rosy forecast
Shares of Unity pop on revenue beat, rosy forecast
Twilio stock falls on weaker-than-expected revenue forecast
Twilio is gaining customers, but some users are opting not to increase their spending because of economic fears.
Airbnb drops 10% after earnings report offers cautious outlook for second quarter
Airbnb drops 10% after earnings report offers cautious outlook for the second quarter.
Rivian reports a narrower-than-expected quarterly loss, reaffirms EV production target
Rivian has been working to reduce its spending over the last several months in a bid to conserve cash.
Rocket Lab revenue increases slightly, company adds NASA launch contract
Rocket Lab's revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract.
Virgin Galactic quarterly loss widens while company preps for spaceflight return
Virgin Galactic is aiming to fly its first spaceflight in nearly two years later this month.
Fisker cuts production guidance for Ocean EV after last-minute snags
CEO Henrik Fisker told CNBC that the company expects regulatory approval to begin deliveries of the Ocean in the U.S. before the end of May.
Nikola exits European joint venture to focus on hydrogen trucks in North America
Nikola produced 63 battery-electric trucks and delivered 31 to dealers in the quarter. Its dealers sold 33 trucks to end customers during the period.
Novavax surges after biotech company unveils job cuts, positive vaccine data
Novavax still reported bleak first-quarter earnings and revenue that missed Wall Street's estimates.
Fox posts quarterly loss on Dominion settlement despite boost from Super Bowl, Tubi
Fox reported a $54 million net loss for the quarter due to costs related to its settlement with Dominion Voting Systems.
Palantir soars on earnings beat and prediction of full-year profitability
Palantir CEO Alex Karp said the company expects to remain profitable "each quarter through the end of the year."
Oil giant Saudi Aramco posts 19% drop in first-quarter profit
Saudi state oil giant Aramco on Tuesday reported a 19% drop in its first-quarter earnings.
Nintendo Switch sales plunge 22% and the gaming giant expects further declines
Nintendo sold 17.97 million units of its flagship Nintendo Switch console series, a 22% year-on-year decline.
Lucid posts a wider loss as demand concerns linger, says it has enough cash to last into 2024
Luxury electric vehicle maker Lucid is still addressing demand concerns.
Berkshire Hathaway's operating earnings increase 12% in the first quarter, cash hoard tops $130 billion
Berkshire Hathaway's operating earnings jumped in the first quarter, thanks in part to a rebound in the conglomerate's insurance business.
Carvana surges 24% after company says its will achieve adjusted profit sooner than expected
The embattled used car retailer has been working to reduce costs, narrow losses and increase profits per vehicle.
Warner Bros. Discovery shares bounce back after U.S. streaming business turns a profit
Warner Bros. Discovery's streaming business turned profit for the first time ever, even as the company posted a large overall loss.
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