• Associated Press Finance

    Jeep maker Stellantis to lay off an unspecified number of factory workers in the coming months

    Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday. The statement comes as the company faces increased capital spending to make the transition from gasoline vehicles to electric autos. It also has reported declining U.S. sales in the first quarter, and it has higher costs due to a new contract agreement reached last year with the United Auto Workers union.

  • Reuters

    Exclusive-EU concerned about KKR, Telecom Italia deal impact on wholesale competition, sources say

    European Union antitrust regulators are asking rivals and customers whether proposed acquisition of Telecom Italia's (TIM) fixed-line access network by U.S. investment firm KKR could hamper Italy's wholesale market, people familiar with the matter said on Tuesday. Such regulatory worries could lead to a lengthy investigation of the deal and put pressure on KKR to offer significant remedies. KKR is buying TIM's domestic network for up to 22 billion euros ($23.5 billion) in a deal that would make the Italian telecoms group the first in a major European country to divest its landline grid.

  • Yahoo Finance Video

    Tesla, Visa, Mattel report earnings: Yahoo Finance

    The earnings avalanche continues after the market close, with Tesla (TSLA), Visa (V), and Mattel (MAT) all issuing their quarterly reports. Investors are keeping a close eye on Tesla, in particular. The EV maker has seen its stock slide 40% so far this year, with disappointing Q1 deliveries and price cuts taking a toll on the shares. For Mattel and Visa, Wall Street will be looking for signs that consumers may be starting to pull back on spending. Other trending tickers on Yahoo Finance include Spotify (SPOT), General Electric (GE), and JetBlue Airways (JBLU). Top guests today include: 3:05 p.m. ET - Phil Blancato, Osaic Chief Market Strategist & Ladenburg Asset Management CEO 3:35 p.m. ET - Veronica Clark, Citi Economist 4:10 p.m. ET - Craig Irwin, Roth MKM Senior Research Analyst 4:35 p.m. ET - Dave Liniger, RE/MAX co-founder