1 Min Ago
Tesla’s first-quarter deliveries jump 36% year over year
Tesla on Sunday reported that it delivered 422,875 vehicles in the first quarter.
The result topped the 310,048 deliveries reported in the same quarter last year, and the 405,278 reported in the fourth quarter.
As of Friday, Wall Street analysts estimates for deliveries ranged from 410,000 to 451,000, according to FactSet. The mean estimate was 432,000.
— Jesse Pound
19 Mins Ago
Oil futures rise after Saudi Arabia announces production cuts
Oil futures rose sharply on Sunday evening after Saudi Arabia and other OPEC+ members announced surprise oil production cuts.
The output costs would total around 1.16 million and come on top of previously announced cuts, according to a report from Reuters.
Futures for the U.S. benchmark West Texas Intermediate crude and Europe’s benchmark Brent crude rose about 7% each.
— Jesse Pound
29 Mins Ago
A look back at Q1
Tech stocks and the Nasdaq were the stars of the first quarter, while bank stocks weighed on the broader market. Here are some of the notable stats from the first three months of 2023.
The Nasdaq Composite:
- gained 16.77%
- snapped a four-quarter losing streak
- is still 24.61% below its record high
The Dow Jones Industrial Average:
- gained 0.38%.
- is still 9.95% below its record high
The S&P 500:
- gained 7.03%
- is still 14.72% below its record high
— Jesse Pound, Christopher Hayes
55 Mins Ago
Futures for Nasdaq 100, S&P 500 open lower
Futures for the Nasdaq 100 and S&P 500 began trading modestly lower on Sunday evening. Dow futures were flat.
— Jesse Pound
An Hour Ago
WWE near deal with UFC-parent Endeavor, CNBC reports
Sports entertainment company WWE is near a deal to merge with Endeavor, CNBC’s Alex Sherman reported on Sunday.
The deal would value WWE at more than $9 billion and leave Endeavor shareholders with 51% of the combined company, sources told Sherman. Endeavor is the parent company of martial arts league UFC.
WWE has been on the sales block after a series of scandals involving Vince McMahon, its longtime CEO. The stock is up 33% year to date.
The deal could be announced as soon as Monday.
— Jesse Pound
