A humorous look at the companies that caught our eye, for better or worse, this week
Business quiz! Shares of Tesla plummeted after a) CEO Elon Musk began charging customers $20 a month for a window sticker with a blue check mark to prove they are verified Tesla owners; b) in a stroke of incredibly bad luck, debris from this week’s explosion of SpaceX’s Starship rocket rained down on Tesla’s Gigafactory in Texas, causing a large fire that destroyed the facility; c) Tesla reported first-quarter earnings that tumbled more than 20 per cent from a year earlier, as a series of...
Just weeks after the collapse of Silicon Valley Bank, Signature Bank and Credit Suisse raised the spectre of another financial meltdown, bank stocks have been rebounding as central bank measures have helped restore calm. Shares of Western Alliance Bancorp, for example, surged this week after the Arizona-based regional bank reported stronger-than-expected earnings for the first quarter and said its deposits have been growing in April after the March banking crisis.
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