EV sales are disappointing automakers at a time they thought they'd be soaring — setting the scene for a Tesla earnings report Wednesday that will color investors' EV outlook for the year.
Why it matters: As the world's leading seller of premium electric vehicles — and the top EV seller in the U.S. — Tesla is uniquely exposed to sharp shifts in the marketplace.
Netflix's stockjumped more than 6% in after-hours trading Tuesday after the company said it added 13 million net new streaming subscribers, handily beating analyst expectations of 8 million.
Why it matters: Better-than-expected subscriber growth last quarter suggests the streamer's efforts to retain users through cracking down on password-sharing and offering a cheaper ad-supported tier are working.
Kyte Baby, the organic clothing company with a cult-like following, is the latest brand to suffer a self-inflicted PR wound after denying an employee's remote work request while her newborn was in the NICU.
Why it matters: The string of apology videos from CEO Ying Liu has only made matters worse as angry parents boycott the brand in droves.
Many of the long and often confusing notices the Internal Revenue Service sends to taxpayers will soon be shorter and simpler, officials said Tuesday.
Why it matters: The IRS sends around 170 million notices to individual taxpayers each year. Treasury Secretary Janet Yellen said the letters "have not been as taxpayer-friendly as they could be."
Nielsen has inked a multiyear measurement deal with Fox Corp., Nielsen CEO Karthik Rao told Axios, marking an important step in ensuring it remains relevant with the country's biggest TV networks.
Why it matters: Despite the hype and investment around new measurement alternatives, the country's biggest TV networks and streamers rely on Nielsen to measure viewership.
The share of American workers who are members of a union hit a new low in 2023 — it's now 1 in 10 — though the total number of unionized employees rose slightly.
Why it matters: Advocates say unions are a needed proponent of worker rights and compensation, while critics say unions throttle progress in the workplace.
The pipelinefor new apartments in old office buildings is filling up fast.
Why it matters: Converting unloved, underused office space is a key part of many big cities' plans to adapt to the post-COVID era. It helps solve two problems at once — putting empty space to use and creating much-needed housing.
Netflix on Tuesday said it struck a 10-year deal with the WWE to air "Monday Night Raw," one of TV's longest-running weekly episodic programs.
Why it matters: The agreement is a huge win for Netflix to livestream the historic program that's aired on linear television since its inception 31 years ago.
China's yuan and Japan's yen both slumped over the last year, with decidedly different outcomes for stock investors in the two Asian economic giants.
Why it matters: The divergent performance between Chinese and Japanese shares over the last year reflects the broader shifts in the global economy that have emerged post-COVID.
Roughly 400 members of the unionized staff at several Condé Nast brands, including Vogue, GQ and Vanity Fair, are walking off the job Tuesday in New York City, the NewsGuild of New York said.
Why it matters: The strike comes months after Condé Nast said it would lay off approximately 5% of its staff, or roughly 300 people.
BMW's newest autoworker is 5'6," 130 pounds, walks on two legs, uses five-fingered hands to assemble machines — and takes a break every five hours to stroll to a charging station and plug itself in.
Under a first-of-its-kind deal, humanoid robots from a California company called Figure will begin working in BMW manufacturing plants, starting in Spartanburg, South Carolina.
The big picture: The revival — which took off this month — is being driven by strong stock market performance, with the S&P 500 recently hitting a fresh record and improving economic sentiments.
