Diamonds and Dogs

4/15/24

M&T Bank (MTB) is up 5% following better than expected earnings and strong guidance, projecting good interest income for the rest of the year. Goldman Sachs and Charles Schwab are up 3% on earnings as well.

Tesla (TSLA) is losing its mojo. The electric car maker is down 3% on reports they are looking to eliminate 10% of their workforce globally as demand moves away from all electric cars to hybrid cars. Tesla also has a China problem as that government is looking to buy Chinese cars. Tesla is also having ussies with their Cybertruck, halting deliveries.

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