Tesla's profit plunges again
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SK Hynix flagged plans to boost spending this year after posting on Thursday a record quarterly profit, as the Nvidia supplier seeks to alleviate investor concerns about slowing growth for artificial intelligence chipsets.
Analysts estimate that the company earned $1.2 billion from April to June, according to Bloomberg, down from $1.4 billion a year ago. Sales are expected to have fallen to $22.6 billion from $25.5 billion in the second quarter of 2024. Tesla has not reported an increase in quarterly profit since the third quarter of 2024.
Tesla’s operating profit improved to 4.1% from 2.1% in the first quarter. Still, margins were down from 6.3% a year ago. Tesla delivered less cars in the second quarter of 2025, compared with the year-ago period,
CSX railroad's CEO signaled he would be open to merger conversations if a deal would boost shareholder value and help the business grow. As merger rumors swirl in the industry, the Jacksonville, Florida-based railroad said Wednesday that its second-quarter profit dipped 14% to $829 million,
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Becle , the world's largest tequila producer, on Wednesday posted a second-quarter profit more than four times higher than a year earlier, surpassing analysts' forecasts as it benefited from foreign-exchange gains.
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May.
One of New Mexico’s biggest non-profits helping the homeless is laying off employees in the face of major federal funding cuts. Hopeworks has been around for almost 40 years now and had about 70 employees until recently.
Australia's top investment bank, Macquarie Group , reported a decline in first-quarter net profit on Thursday and announced that Chief Financial Officer Alex Harvey will step down at the end of 2025.