Electronics maker Jabil Inc. said late Monday it will embark on a restructuring that includes “headcount reductions” and cost about $200 million to implement. Jabil JBL, -1.00% said in a filing with securities regulators that its board approved the plan last week, with the goal of realigning the company’s costs…

Visa Inc. said late Monday it was launching a $100 million generative AI ventures initiative. In a statement, the payments company said the initiative is intended to invest in “the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and…

ByteDance, the privately held parent of China-based social-media video-sharing app TikTok, managed a $6 billion profit in the first quarter of 2023, the Wall Street Journal reported late Monday. That marks a big turnaround since 2021, when the company had an operating loss of $7 billion, according to the Journal.…

Tesla Inc. TSLA, -2.02% late Monday relaunched a rear-wheel-drive version of its bestselling Model Y crossover SUV in the U.S. The latest version, with a range of up to 260 miles, starts at $43,990, according to Tesla’s website — $3,750 cheaper than its previous base model. The Model Y was…

Treasury bond yields are rising again — all the way up to new 52-week highs — and now actually back to levels not seen since for at least the last 10 years. The 10-Year yield is up to 4.8% and the 30-Year yield has risen to above 4.9%. This increase…

Author Michael Lewis faced criticism on social media Sunday evening following an interview with “60 Minutes” about FTX founder Sam Bankman-Fried that was widely decried as unjustifiably credulous. Among the critics was short seller Jim Chanos, founder of Kynikos Associates, who has a long and storied history betting against notorious…

Key News Asia equities were off on light volumes as Hong Kong underperformed as Mainland China and South Korea were closed for holidays. Breadth (advancers versus decliners) across Asia was awful as macroeconomic concerns, including the potential for another Fed hike leading to higher-for-longer US Treasury yields and a stronger…

All large cryptocurrencies were up during morning trading on Monday, with Bitcoin BTCUSD, +0.01% seeing the biggest move, rising 5.37% to $28,569.40. Solana SOLUSD, -0.17% rallied 5.31% to $24.01, while Ethereum ETHUSD, -0.07% rallied 3.21% to $1,727.98. Cardano ADAUSD, +0.19% and Dogecoin DOGEUSD, -0.24% rallied 2.81% to 27 cents and…

Key takeaways Tesla missed Wall Street delivery expectations by a wide margin Chinese EV rival BYD has now overtaken EV deliveries from Tesla for the first time ever Tesla’s share price dropped as much as 2.8% during premarket trading, but recovered Tesla, one of the world’s largest EV makers, has…

Fisker Inc. said Monday it has closed a $170 million additional offering of 0% convertible notes due 2025 to an institutional investor with the notes offering an original issue discount of about 12%. That resulted in gross proceeds for the EV company of $150 million. Under the terms of a…