Tesla tumbled nearly 9% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world’s most valuable automaker.
Shares of IBM rose 12% to a more than 10-year high on Thursday after the company reported a better-than-expected outlook on its revenue backed by strong demand for its artificial intelligence (AI) services.
Lumen Technologies said on Thursday it has signed a deal with a group of lenders that will push out its debt maturities to at least 2029 and provide it with access to more than $2 billion of fresh capital.
General Motors and Honda have begun shipping fuel cell power systems to customers from a factory near Detroit, they said on Thursday, a new test of whether hydrogen power technology can achieve mass-market success.
Roper Technologies said it will buy software firm Procare Solutions for $1.75 billion from private equity firms Warburg Pincus and TA Associates, as the industrial technology company looks to expand its portfolio of software products.