The Latest Breaking News from Wikimedia Commons

Tesla Recalled Model 3 Cars In China In April Again - Read Why

Tesla, Inc (NASDAQ:TSLA) recalled 14,684 imported and locally made Model 3 cars in China on software problems as previously declared by the market regulator, Reuters reports. The recall marked Tesla's second batch of recalls in April. Also Read: BREAKING: Tesla Recalls 127,785 Model 3 Vehicles In China Over Manufacturing Defects The regulator said…

Benzinga · Apr 29, 2022

First Solar Clocks Sharp Q1 Revenue Drop, Still Reaffirms FY22 Outlook

First Solar, Inc. (NASDAQ:FSLR) reported a first-quarter FY22 sales decline of 54.3% year-over-year to $367.04 million, missing the consensus of $592.68 million. The revenue tumbled due to a decrease in module sold volume, a decrease in the module average selling price, and lower project revenue in Japan. The gross margin fell sharply…

Benzinga · Apr 28, 2022

Roku Shares Gain After Q1 Revenue Beat, 1.1M incremental Active Accounts

Roku Inc (NASDAQ:ROKU) reported first-quarter FY22 revenue growth of 28% year-over-year to $733.7 million, beating the consensus of $718.31 million. Platform revenue increased 39% Y/Y to $647 million. In Q1, Roku added 1.1 million incremental Active Accounts to reach 61.3 million; Streaming Hours increased by 1.4 billion hours over the…

Benzinga · Apr 28, 2022

Volkswagen Plans To Expand Chattanooga Plant In US To Focus On EVs: Reuters

Volkswagen AG (OTC:VWAGY) plans to expand its Chattanooga plant in the U.S. to produce an electric pick-up and the new ID.Buzz microbus, Reuters reported. The move is expected to grow the company’s market share in North America. The carmaker plans to invest at least $7.1 billion over the next five years in…

Benzinga · Apr 28, 2022

Russian Court Penalizes YouTube, Twitter Again - Read Why

A Russian court has penalized U.S. internet giant Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google 3 million roubles ($41,000) for refusing to remove banned content from YouTube, Reuters reports. The Russian court has also punished social media network Twitter, Inc (NYSE:TWTR) with 3 million roubles ($41,000) for not removing banned content from its site. Also Read: Facebook, Apple,…

Benzinga · Apr 28, 2022

How 'Cranks' Advance Science

A major lesson of the pandemic is that science is "not a priesthood," says Dr. Jeffrey A. Singer, a general surgeon and senior fellow at the Cato Institute.

Reason · Apr 27, 2022

Boeing Stock Slides On Q1 Results, Loss Widens

Boeing Co (NYSE:BA) first-quarter revenue declined 8% year-over-year to $13.99 billion, missing the consensus of $15.83 billion. Adjusted EPS loss widened to $(2.75) from $(1.53) in 1Q21. The adjusted operating margin declined to (10.4)% compared to (2.4)% a year ago. GAAP operating margin was (8.4)% versus (0.5)% last year. Revenue by segments:…

Benzinga · Apr 27, 2022

Harley-Davidson Clocks 5% Revenue Growth In Q1; Margin Shrinks Due To Supply Chain Constraints

Harley-Davidson Inc (NYSE:HOG) reported first-quarter FY22 sales growth of 5% year-on-year to $1.49 billion. Revenue from the Motorcycles and Related Products segment (HDMC) was $1.3 billion, up 6% Y/Y. Harley-Davidson's EPS of $1.45 was in line with the analyst consensus. Revenue from Motorcycles increased 4%, Parts & Accessories rose 11%, Apparel climbed 2%,…

Benzinga · Apr 27, 2022

Indonesia's Cooking Oil Export Ban Pumps Up Palm, Soyabean Oil Prices

Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders gear up Indonesia's export halt till the domestic cooking oil prices ease, Bloomberg reports. The policy has agitated the global $50 billion palm oil market as Indonesia initially said it would ban all exports of cooking…

Benzinga · Apr 27, 2022

Kellogg Sues British Government Over New Sugar Rules: Reuters

Kellogg Co (NYSE:K) is suing the British government over new rules stopping the display of its breakfast cereals in grocery stores due to high sugar content, Reuters reported. The company said the formula being used by the government to measure the nutritional value of cereals was wrong and not legally implemented. "It…

Benzinga · Apr 27, 2022