Tesla sales rise 36% in first quarter, following price cuts – Business News
Tesla sales rise 36%
Tom Krisher, The Associated Press- Apr 2, 2023 / 9:47 am | Stories: 419217
Photo: The Canadian Press
Tesla’s first-quarter vehicle sales rose 36% after the company cut prices twice in a bid to stimulate demand.
The electric car, SUV and heavy truck maker said it delivered 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago. But the increase fell short of analyst estimates of 432,000 for the quarter, according to FactSet.
Tesla cut prices in early March on its more expensive models, the S and X, by $5,000 to…
Fed raises key rate by quarter-point despite bank turmoil – Business News
Photo: The Canadian Press
File – Federal Reserve chair Jerome Powell speaks during a news conference, Wednesday, Feb. 1, 2023, at the Federal Reserve Board in Washington. With inflation still high and anxieties gripping the banking industry, the Federal Reserve and its chair, Jerome Powell, will face a complicated task at their latest policy meeting Wednesday and in the months to follow: How to tame inflation by continuing to raise interest rates while also helping to restore faith in the financial system – all without triggering a severe recession. (AP Photo/Jacquelyn Martin, Files)
The Federal Reserve extended its year-long fight…
Scandal-plagued Japan tech giant Toshiba accepts buyout offer – Business News
Photo: The Canadian Press
Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen ($15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies.
If the proposal succeeds, it will be a major step in Toshiba’s years long turnaround effort, allowing it to go private and delisted from the Tokyo Stock Exchange. But overseas activist investors own a significant part of Toshiba’s shares, and it’s unclear if they will be happy with the latest bid.
Tokyo-based Toshiba Corp. announced its board accepted the bid at 4,620 yen ($36) a…
Microsoft will add AI tech to office suite programs like Word, Excel
Microsoft Corp. on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a space of unveilings this week by its rival Google with upgrades to its own widely used office software.
The technology company previewed a new AI “copilot” for Microsoft 365, its product suite that includes Word documents, Excel spreadsheets, PowerPoint presentations and Outlook emails.
First open to select business customers for testing, AI will offer a draft in these applications, speeding up content creation and freeing up workers’ time, Microsoft said.
The Redmond, Wash.-based company, which is outpacing peers through investments…
