
1. Tesla's Board Denies CEO Succession Planning Amid Sales Struggles
Tesla’s board refutes claims they sought CEO Elon Musk's successor while sales and profits decline.






Thursday, May 1st
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Tesla’s board refutes claims they sought CEO Elon Musk's successor while sales and profits decline.
Kohl's terminates CEO Ashley Buchanan for cause due to undisclosed conflicts of interest after a brief tenure of over four months.
In an earnings call, Tim Cook addressed the limited impact of tariffs but forecasted $900 million in additional costs for Q3, if no new tariffs are imposed.
Microsoft raises Xbox console and accessory prices globally, with games expected to cost $79.99 as tariffs impact the gaming industry.
McDonald's reports a 3.6% decline in U.S. same-store sales, the largest drop since Q2 2020, amid heightened economic anxiety and competition.
Microsoft reports a quarter profit increase, while Amazon shows significant cloud growth yet faces challenges from tariffs despite strong sales.
The average 30-year mortgage rate in the US fell to 6.76%, providing modest relief for homebuyers amidst ongoing economic uncertainties.
Top stories and perspectives from across the aisle. Sent weekdays at 6 AM ET.