Tesla is set to report earnings after the bell on Wednesday. Here’s what analysts are expecting, according to an average of estimates compiled by LSEG: Earnings per share: 54 cents expected Revenue: $26.37 billion expected Following two straight year-over-year revenue declines, Tesla is expected to return to growth, for one quarter at least, with analysts expecting…
Brand new Range Rovers are parked outside a Jaguar Land Rover car dealership on May 8, 2025 in Taunton, England. Anna Barclay | Getty Images The hack of Jaguar Land Rover, owned by India’s Tata Motors, cost the British economy an estimated 1.9 billion pounds ($2.55 billion) and affected over 5,000 organisations, an independent cybersecurity…
Mary Barra speaks onstage during WSJ’s Future of Everything 2025 at The Glasshouse on May 28, 2025 in New York City. Dia Dipasupil | Getty Images NEW YORK — General Motors is targeting a suite of new software initiatives for its vehicles over the next three years, including an in-vehicle artificial intelligence assistant from Google…
Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks to reduce layers and operate more nimbly, a spokesperson confirmed to CNBC on Wednesday. The company announced the cuts in a memo from its Chief…
The Argentine peso reached fresh lows on Wednesday as political uncertainty failed to offset the impact of an an “unprecedented” billion-dollar support package from U.S. The currency reached its lowest level since the U.S. began purchasing it on Oct. 9, and has consistently fallen since then. The purchases are part of an effort from the…
An aerial view of residential homes, many with solar panels, on Sept. 17, 2025 in Fontana, California. Mario Tama | Getty Images Mortgage rates last week dropped to the lowest level in a month, pushing more borrowers to refinance. Potential homebuyers, however, were not as enthused. The average contract interest rate for 30-year fixed-rate mortgages…
Russian President Vladimir Putin on October 15, 2025. Alexander Zemlianichenko | Afp | Getty Images Russia scrambled on Wednesday to salvage the prospect of in-person talks between U.S. President Donald Trump and Russia’s Vladimir Putin after they were unceremoniously put on hold. Trump said on Tuesday that he didn’t want “to have a wasted meeting”…
A pedestrian crosses a flooded street following heavy rainfall in Paris on October 17, 2024. Joel Saget | Afp | Getty Images LONDON — European stocks were in negative territory on Wednesday as market momentum loses steam and quarterly earnings roll in. The pan-European Stoxx 600 was 0.2% lower on Wednesday, as of 10:25 a.m….
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Apple CEO Tim Cook met with Labubu artist Kasing Lung during a trip to China in Oct. 2025, as pictured here on the iPhone company’s official Xiaohongshu account. Screenshot This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can…
