Business Update
Tesla Profit Slumps, but Investors May Not Care
The electric vehicle maker’s shares are near record highs as Wall Street focuses on the company’s plans for robots and self-driving cars. Source link
Clay, an A.I. Sales Start-Up, Lets Employees Cash Out. Again.
The company is part of a newer generation of software upstarts holding multiple tender offers where workers can sell stock before going public. Source link
Amazon’s $35 Million ‘Melania’ Promotion Has Critics Questioning Its Motives
The tech giant is spending $35 million to promote its film about the first lady, far more than is typical for documentaries. Source link
Silver Prices Are Surging Even Faster Than Gold
Silver has risen roughly 60 percent this month alone. What is going on? Source link
The Fed Is Waiting and Watching an Uncertain Economy
Inflation is elevated but steady and the job market is holding up, leading economists to predict that the Federal Reserve will keep interest rates at current levels. Source link
5 New Stylish Hotels for City Lovers
New accommodations around the world allow you to soak up urban culture and immerse yourself in hotel creature comforts. Source link
Starbucks Says Turnaround ‘Ahead of Schedule’ as Sales Rebound
The coffee chain’s stock jumped after a better-than-expected earnings report. Source link
A Municipal Debt Boom Is Driving Public Projects and Tax Breaks for Investors
Municipal debt issuance surpassed $500 billion last year, a record that’s found a deep pool of buyers. Source link
Five Questions for Jerome Powell, the Fed Chair
Succession drama, legal intrigue and political independence: These are top issues that DealBook would ask of the Federal Reserve chairman. Source link