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Money & Markets

Ford loses $3.1 billion, hit by investment and chip shortage

DALLAS — Ford Motor Co. reported Wednesday that it lost $3.1 billion in the first quarter, weighed down by its investment in an electric-vehicle startup, and its revenue slid as a shortage of chips limited the supply of pickups and SUVs in North America. Company executives pointed away from ...

Housing shortage, soaring rents squeeze US college students

BERKELEY, Calif. — UC Berkeley sophomore Terrell Thompson slept in his car for nearly two weeks at the start of the school year last fall, living out of a suitcase stashed in the trunk and texting dozens of landlords a day in a desperate search for a place to live. The high-achieving ...

US airlines say they’ve reached a turning point in recovery

DALLAS — U.S. airlines say they have hit a turning point: After a lousy first quarter, they expect to be profitable as Americans return to travel in the biggest numbers since the start of the pandemic. American Airlines is the latest carrier to give a rosy outlook for the rest of 2022. ...

Tesla 1Q earnings 7 times more than year ago on strong sales

DETROIT — Tesla reported Wednesday that its first-quarter net earnings were over seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China. The electric vehicle and solar panel company made a record $3.32 ...

Netflix shares drop 25% after service loses 200K subscribers

SAN FRANCISCO — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25 percent in extended trading amid concerns that the pioneering streaming service may have already seen its best days. The company’s customer base fell by 200,000 subscribers ...

Tesla CEO Elon Musk offers to buy Twitter for $43 billion

In 10 days, Tesla CEO Elon Musk has gone from popular Twitter contributor and critic to the company’s largest individual shareholder to a would-be owner of the social platform — a whirlwind of activity that could change the service dramatically given the sometimes whimsical billionaire’s ...