Investors have put rate-cut worries on the backburner to focus on earnings season instead.
Cedric Mullins hit a two-run homer in the bottom of the ninth inning to give the Baltimore Orioles a 4-2 victory over Minnesota on Wednesday and a three-game sweep of the Twins. Gunnar Henderson and Anthony Santander also went deep for the Orioles, their fifth straight game with at least three home runs. Baltimore had a streak that long only twice before in franchise history, in 1996 and 1987.
Tesla will lay off 285 employees in Buffalo, New York, as part of its plans to trim 10% of its global workforce, the electric-vehicle maker said in a legally mandated notice on Wednesday. Tesla has a total of 2,032 employees across the two impacted sites in Buffalo, meaning that the cuts will affect about 14% of its workers there. The layoffs follow an exclusive Reuters report on April 5 that Tesla had cancelled a long-promised inexpensive car, expected to cost $25,000, that investors have been counting on to drive mass-market growth.