Tesla ekes out small 1Q net profit, surprising Wall Street
DETROIT (AP) — Tesla eked out a small first-quarter net profit just as the coronavirus outbreak started to affect the electric car and solar panel maker.The company said Wednesday that it made $16 million from January through March, or 8 cents per share. It was the...
Microsoft’s cloud business helps offset pandemic woes
Ongoing demand for Microsoft’s cloud computing services help softened the blow of the coronavirus pandemic on the software giant’s other products during the first three months of the year. The company on Wednesday reported fiscal third-quarter profit of...
Facebook revenue growth slows, but ‘signs of stability’ rise
OAKLAND, Calif. (AP) — Facebook on Wednesday reported its slowest quarterly growth as a public company, pressured by the coronavirus pandemic and a resulting global slowdown in digital advertising.The social network, like Google on Tuesday, said it’s feeling the...
MLB teams offer ticket refunds, credit for games not played
The St. Louis Cardinals and Boston Red Sox announced ticket refund policies on Wednesday for games not played through May because of the virus outbreak, with some Major League Baseball teams offering plans for cash returns and bonus credit.A day after MLB told clubs...