Tesla shares surge was around 20% after Elon Musk said that the company aims to start production of affordable new EV by early 2025. Tesla reported Q1 fiscal 2024 earnings post U.S. market close on April 23 and it turned out to be a “sell the rumour, buy the news” situation. (Image Credit: tesla) Despite a miss on earnings, the Tesla shares surge was seen up to 20% to $164.00 within hours of the results being announced on Tuesday after the company said it would accelerate the launch of more affordable vehicles, countering reports earlier this month the company would scrap these plans. Tesla Q1 ..read more

UPS reported better-than-expected Q1 profit on Tuesday as cost cuts offset still-soft demand for package delivery. UPS reported a resilient Q1 in 2024, with both earnings and revenue surpassing Wall Street estimates, despite a YoY decline. The company’s stock responded positively, rising 2.5% as investors welcomed the better-than-expected results. (Image Credit: ups) CEO Carol Tomé expressed satisfaction with the company’s performance, stating, “Our financial performance in the first quarter was in line with our expectations, and average daily volume in the U.S. showed improvement th ..read more

On Monday, Kroger and Albertsons said they are expanding their planned sale of grocery stores, selling 166 more locations than previously agreed upon to C&S Wholesale Grocers as they work to get regulatory approval for their proposed $25 billion merger. Kroger and Albertsons are selling their asset as they want to appease federal antitrust regulators trying to block their merger. (Image Credit:albertsonscompanies)Kroger Albertsons sell off The companies Kroger and Albertsons store have been looking to sell stores to address regulators’ increasing concerns that the merger will lead to ..read more

The U.S. FTC is trying to stop a merger between brands Tapestry and Capri that could potentially put labels like Coach, Michael Kors, Kate Spade, Jimmy Choo, and Versace under one luxury house. The U.S. competition watchdog FTC has sued to block fashion accessory giant Tapestry’s $8.5bn (£6.9bn) takeover of rival Capri. (Image Credit: tapestry) In August, Tapestry, Inc., which owns Kate Spade and Coach, announced its intent to acquire Capri Holdings, which owns Michael Kors, for $8.5 billion. Regulators in the European Union and Japan are on board with the acquisition but U.S. r ..read more

Salesforce Inc. (NYSE:CRM) has backed-off from a deal to take over data management software firm Informatica Inc. (NYSE:INFA) after the two could not agree to a takeover price, as per reports on Sunday. Business software maker, Salesforce and Informatica deal collapses as the two had failed to reach an agreement amid disagreements over the terms of the deal. (Image Credit: salesforce) The acquisition talks between Salesforce and Informatica were at an advanced stage earlier in April as per reports. If the two sides had agreed on a deal, it would’ve ranked as one of Salesforce’s bigge ..read more

Tesla has the cut its price again in a number of major markets including the U.S. China and Germany as the electric car giant run by multi-billionaire Elon Musk faces falling sales. Tesla’s U.S. and China price drop, its two key markets is happening, after disappointing Q1 sales contributed to rise in inventory. Tesla’s move to cut prices comes after it reported a sharp fall in its global vehicle deliveries in the first three months of this year.  (Image Credit: tesla) Tesla is due to report financial results for the first quarter of 2024 after the US market close on Tuesday. Tesla a ..read more

Any businessman’s work depends on distinct projects for its livelihood, and job costing is an essential step in keeping your bottom line in the black. But one would ask what is job costing, and why is it so important? Production does not take place continuously in job order industries. It only begins once the customer places a specified and customized order. Therefore, each job is different from the others. This costing method calculates the cost for each job using a Job Cost Sheet. What is job costing? Job costing (project-based accounting) is the process of tracking costs and revenue f ..read more

Most CEOs time is divided between various responsibilities, such as strategic planning, long-term vision, innovation, monitoring performance, and meeting with stakeholders. Without proper time management techniques for CEO, it helps ease overwhelming and hectic schedule. Effective time management allows CEOs to prioritize tasks, delegate responsibilities, and make the most of their limited time. It also helps us avoid burnout and maintain a healthy work-life balance. Strategies for CEO time management From prioritizing to delegating, these time management tips can help CEOs to regain con ..read more

The chief executive role is a tough one to fill. A CEO’s responsibilities are many, but even if they are good at their job. There are certain successful CEOs qualities that they must possess to be effective as they can be. As a CEO, it’s important to manage a workplace whose employees enjoy work, are passionate about the company and show an interest in growing in their role. A CEO’s success factors sets the tone for how the organization runs, and the qualities they develop can greatly affect the company’s success. What is a CEO? success factors A CEO, or chief executi ..read more

On Thursday, TSMC beat revenue and profit expectations in the Q1 earnings report, mostly thanks to continued strong demand for advanced chips, particularly those used in AI applications. “Our business in the first quarter was impacted by smartphone seasonality, partially offset by continued HPC-related demand,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC.  (Image Credit: tsmc She added, “Moving into second quarter 2024, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies, partially offset by continued smartph ..read more