News Highlights: Top Company News of the Day - Tuesday at 9 PM ET

Oracle Is Moving to Nashville, Founder Larry Ellison Says 
 

The move reflects the Tennessee city's position in healthcare and the software company's focus on growing in that market.

 
Tesla Accelerates Rollout of More-Affordable EVs as Profit Drops Sharply 
 

The company's shares rose in after-hours trading following news that the EV maker is looking to bring new models to market sooner than previously planned.

 
IBM Nears Deal for Cloud-Software Provider 
 

The takeover could value HashiCorp at a premium to its market value of $4.9 billion.

 
Mattel Sales Miss Forecasts as 'Barbie' Boost Wanes 
 

Toymaker's sales slipped in its first quarter as the boom from last year's "Barbie" movie eased.

 
Gucci Owner Kering Expects Sharp Drop in Operating Profit After China Weighs on Sales 
 

Chairman and Chief Executive Francois-Henri Pinault said Kering's performance "worsened considerably in the first quarter."

 
Visa's stock gains after earnings, as one simple message resonates 
 

Visa shares were moving higher in after-hours trading Tuesday, after the payments company sported an earnings beat and showed off continued growth in spending.

 
Elon Musk and SpaceX hit reusable-rocket milestone with Starlink satellite launch 
 

The launch from Space Launch Complex 40 at Cape Canaveral Space Force Station marked the 300th time that SpaceX has landed a rocket booster after launch.

 
Spotify Needs to Keep the Price Hits Coming 
 

The music streamer's market value has surged on the belief that its money-losing days are in the past.

 
Virgin Galactic skyrockets 22%, registers biggest gain in 10 months 
 

Shares of Virgin Galactic have rallied after trading down on 13 of the past 17 days.

 
Fortescue Forecasts Annual Iron-Ore Shipments at Lower End of Guidance 
 

Fortescue expects annual iron-ore shipments at the lower end of its prior forecast range after an ore car derailment and bad weather affected its operations in the third quarter.

(END) Dow Jones Newswires

April 23, 2024 21:15 ET (01:15 GMT)

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