Tesla is set to report first-quarter earnings results Wednesday after market close, giving investors a look at the automaker’s financial performance in the three-month period that included the start of Tesla’s Fremont factory closure and weakened auto demand for consumers at large as the coronavirus outbreak spread....
The results reflect Chief Executive Satya Nadella's focus over his six-year tenure on cloud computing, in which companies tap Microsoft's data centers for computing power - a growing business dominated by Amazon.com Inc's Amazon Web Services. For the fiscal fourth quarter, Microsoft gave business-unit forecasts that were below analyst estimates, predicting tough times for LinkedIn and some small-business software sales. "Ultimately, Microsoft is not immune from what is going on broadly in the world in terms of GDP growth," Nadella said on a conference call with investors....
(Bloomberg) -- The U.S. proposed rules to track aluminum imports more closely, in a move that could address industry demands to block Chinese supply that skirts tariffs.While the Trump administration’s import levies are aimed at protecting against excess foreign supply of the metal, concerns have persisted that aluminum from China -- the world’s biggest producer -- is still flooding into the market.That’s because some Chinese supply could first be sent to another nation that isn’t subject to the duties. It’s then melted and reformed before being shipped again, masking its true origin. Criticism about surplus metal entering the U.S. via such transshipment and re-labeling to circumvent trade laws has preceded the Trump administration.Under the proposed new U.S. rules, importers will be required to identify the country from which the aluminum was originally obtained. They will also need to get a license for shipments. The program is modeled on a steel-import monitoring...
