Town Hall News

By Chavi Mehta (Reuters) – IBM Corp missed Wall Street expectations for first-quarter revenue on Wednesday, hurt by shrinking corporate spending on IT services and a strong dollar. The IT industry is facing a slowdown after a post-pandemic surge in demand for services such as consulting, as high inflation and interest rates have forced customers to put the brakes on spending. IBM cut its full-year consulting revenue growth forecast to […]

(Reuters) -Tesla Inc missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition. Elon Musk-led Tesla reported total gross margin of 19.3%, compared with expectations of 22.4%, according to analysts polled by Refinitiv. The electric-vehicle maker lowered sticker prices four times in the United States between January and March, […]

By Sarah N. Lynch and Michael Martina WASHINGTON (Reuters) – China and Iran are becoming increasingly brazen in their attempts to silence dissidents on American soil and influence U.S. policy, the FBI warned on Wednesday. In a news briefing with reporters about transnational repression, FBI counterintelligence officials urged victims to come forward, saying the bureau is tracking a growing trend of foreign authoritarian regimes breaching U.S. laws to intimidate certain […]

(Reuters) – Tesla Inc missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition. Elon Musk-led Tesla reported total gross margin of 19.3%, compared with expectations of 22.4%, according to 17 analysts polled by Visible Alpha. (Reporting by Akash Sriram in Bengaluru; Editing by Anil D’Silva) Brought to you […]

(Reuters) – Tesla Inc missed market estimates for first-quarter total gross margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition. Elon Musk-led Tesla reported total gross margin of 19.3%, compared with expectations of 22.4%, according to 17 analysts polled by Visible Alpha. (Reporting by Akash Sriram in Bengaluru; Editing by Anil D’Silva) Brought to you […]

By Jack Queen (Reuters) – Fox News on Tuesday disposed of one legal threat with its $787.5 million defamation settlement with Dominion Voting Systems, but the network still faces a $2.7 billion lawsuit from another voting technology company, Smartmatic USA, over its coverage of debunked election-rigging claims. Dominion accused Fox and its parent company Fox Corp of ruining its business by airing claims that its machines were used to rig […]

By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – The S&P 500 ended little changed on Wednesday as investors digested a mixed bag of corporate earnings, including upbeat reports from medical technology companies, countered by weakness in Netflix shares. The Dow slipped, weighed down by declines in Walt Disney Co and UnitedHealth Group Inc shares following results from rivals in their respective industries. Major equity indexes have been largely […]

WASHINGTON (Reuters) – U.S. Supreme Court Justice Samuel Alito on Wednesday extended by two days a temporary block on limits set by lower courts on access to the abortion pill mifepristone in a challenge by anti-abortion groups to the drug’s federal regulatory approval. The decision to keep the matter on hold gives the justices a bit more time to consider requests by President Joe Biden’s administration and the pill’s manufacturer […]

WASHINGTON (Reuters) – Internal Revenue Service Commissioner Danny Werfel urged Congress on Wednesday to approve a $1.8 billion annual budget increase as Republicans criticized the agency’s spending plans for $80 billion in new long-term funding as too heavy on enforcement. Werfel told a Senate Finance Committee hearing that the Biden administration’s $14.1 billion fiscal 2024 IRS budget request would allow for further improvements in taxpayer services after the agency improved […]