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Business
Tesla's first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits
Tesla's first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker's revenue and profit margins.
Business
New federal rule would bar 'noncompete' agreements for most employees
U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is sure to be challenged in court.
Business
Stock market today: Wall Street rallies for a second day, erasing some of April's losses
Stocks rallied for a second straight day on Wall Street, softening what's been a rough April. The S&P 500 added 1.2% Tuesday to pull further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average climbed 0.7%, and the Nasdaq composite rose 1.6%. A weaker-than-expected report on U.S. business activity helped support the market, which remains in an awkward phase. The hope on Wall Street is for the economy to avoid a severe recession, but not to stay so hot that it keeps upward pressure on inflation. GE Aerospace soared after raising its profit forecast.
Business
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose $1.46 to $83.36 per barrel Tuesday. Brent crude for June delivery rose $1.42 to $88.42 per barrel.
Business
Baltimore port to open deeper channel, enabling some cargo ships to pass after bridge collapse
Officials in Baltimore plan to open a deeper channel for commercial ships to enter and leave the city's port starting on Thursday — a significant step toward reopening the major maritime shipping hub that has remained closed to most traffic since the Francis Scott Key Bridge collapsed last month.