DETROIT—Charged up by strong sales of its electric cars and SUVs, Tesla on Monday posted its seventh-straight profitable quarter. The company made $438 million in the three-month period that ended March 31, as sales more than doubled the same period last year to nearly 185,000 vehicles. Tesla said adjusted net income, excluding stock-based compensation, passed…
J&J Reports $100 Million in Vaccine Sales as Results Top Forecasts
Johnson & Johnson beat expectations for quarterly earnings and raised its dividend payouts to shareholders on Tuesday, while reporting $100 million in sales of its COVID-19 vaccine, whose use was paused by U.S. regulators last week. The company, which has previously said the vaccine will be available on a not-for-profit basis until the end of…
Tight Orange County Housing Supply Could Lead to Higher Prices
Commentary According to the widely-read Orange County Housing Report, the median home price in Orange County is “anticipated to continue to increase at a pace of about 1 percent per month through the end of the year.” Supporting the authors’ analysis, the Orange Country Housing Report points to the amount of inventory available for purchase…
One in Four UK Companies Plan to Lay Off Staff if Furlough Ends Soon: Survey
A quarter of British businesses expect to lay off staff if Finance Minister Rishi Sunak doesn’t extend the job furlough scheme that’s due to expire at the end of April, Britain’s national business network said on Thursday. The British Chambers of Commerce (BCC) said businesses had been “pushed to the brink” by the restrictions imposed…
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