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economy

Tesla reports higher profits, confirms hefty spending ahead

Tesla reports higher profits, confirms hefty spending ahead

Tesla reported higher first-quarter profits Wednesday, topping expectations as it confirmed plans for massive additional investments in autonomous transport, humanoid robotics and artificial intelligence. Elon Musk's electric vehicle company reported profits of $477 million, up 17 percent from the year-ago period, while revenues jumped 16 percent

US stocks rise, shrugging off uncertain ceasefire prospects while oil prices jump

US stocks rise, shrugging off uncertain ceasefire prospects while oil prices jump

Oil prices climbed Wednesday while stocks were mixed as Iranian officials refused to reopen the Strait of Hormuz after US President Donald Trump announced the extension of a ceasefire. The continued de facto closure of the waterway crucial for global oil shipments did not phase Wall Street stocks, which spent

City seeks partnership in Forest Service plan to sell Missoula Midtown parcel

City seeks partnership in Forest Service plan to sell Missoula Midtown parcel

City officials are asking the U.S. Forest Service to reconsider how it plans to sell a 14-acre property within the Missoula Midtown neighborhood, contending that a partnership with the city would lead to more effective redevelopment of the land. Members of the Missoula Economic Partnership and the City

Colombia's ambitious energy transition gets reality check

Colombia's ambitious energy transition gets reality check

Hernan Sarmiento nearly went out of business in the Colombian city of Santa Marta due to his astronomical electricity costs. But a flagship solar project introduced by the country's first left-wing president, Gustavo Petro, allowed him to keep his grocery store and even pass on some of

Poll: 69% nationwide believe data center costs outweigh benefits

(The Center Square) – A majority of adults in the U.S. believe that the costs of data centers outweigh the benefits with 69% believing the costs are greater and 30% believing that the benefits are higher, according to a new national poll from the Marquette University Law School. The results

Germany halves 2026 growth forecast on Iran war fallout

Germany halves 2026 growth forecast on Iran war fallout

The German government Wednesday halved its 2026 growth forecast due to the Middle East war energy shock, while vowing to step up reform efforts as criticism grows they are moving too slowly. Gross domestic product (GDP) in Europe's biggest economy is expected to expand 0.5 percent in

Vietnam, South Korea sign deals on tech, nuclear power

Vietnam, South Korea sign deals on tech, nuclear power

Vietnam's top leader To Lam hosted South Korean President Lee Jae Myung in Hanoi on Wednesday, announcing a dozen cooperative agreements including on tech innovation and development of nuclear power plants. South Korea is Vietnam's biggest source of foreign investment and one of its top trading