Tesla reports $2 billion Q4 profit, sales up 65%, but supply-chain snags crimp production

Tesla Inc. stock fell late Wednesday after the electric-vehicle maker reported quarterly profit and sales well above Wall Street expectations, but said its factories have been running below capacity for several months due to to supply-chain snags likely to continue through the year. tesla tsla, +2.07% said it earned $2.3 billion, or $2.05 a share, … Read more

Apple closes New York stores, College Bowl Games canceled due to Covid spikes

Font size A woman receives her Covid-19 vaccination at a pop-up clinic in the international arrivals hall of Los Angeles International Airport. Frederic J. Brown/AFP via Getty Images Apple It closed its New York City stores to shoppers after a Covid-19 spike, four college football games were canceled and U.S. flight cancellations continued as staff … Read more

Apple indefinitely postpones return to office, gives $1,000 ‘work from home’ bonus

Apple has pushed the return date for personal work from February 1, 2022 to “a date yet to be determined.” This is stated in a memo that Apple Inc. AAPL, -3.93% CEO Tim Cook sent to employees on Wednesday, which was reviewed by Bloomberg and verified by a company spokesperson. Cook said the tech company’s … Read more