Wall Street Today | Tesla rises after automaker posts record quarterly profit

"Outlooks for future growth were clouded by the uncertainty created by recent geopolitical developments and rising prices," the Fed said on Wednesday in its periodic compilation of business anecdotes from around the country. The report contained details about the latest effects of high inflation, supply-chain bottlenecks and the strong demand for workers.
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The Wall Street Journal Dollar Index, which measures the U.S. currency against a group of 16 others, has climbed in 13 of 15 sessions to its highest levels since May 2020. The dollar has gained more than 10% versus the Japanese yen this year and more than 5% against the euro. The index slipped 0.6% Wednesday.
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Musk's remarks came in response to an analyst's questions about recent price increases for Tesla vehicles, and how $Tesla(TSLA.US)$ plans to make good on its longstanding goal of bringing fully electric vehicles to the masses, in part to reduce people's reliance on fossil fuels.

Shares of the streaming leader plunged 35%, erasing $54 billion of market value in its biggest drop since 2004. The swoon made $Netflix(NFLX.US)$ the worst-performing stock of the year on both the benchmark S&P 500 and Nasdaq 100 indexes and sent shock waves across the media universe, sinking $Warner Bros Discovery(WBD.US)$, $Roku Inc(ROKU.US)$, and others.

The first major U.S. automaker to report financial results for the first three months, $Tesla(TSLA.US)$ easily beat estimates with a record profit. It cautioned that production remains constrained by shortages of key components, a common refrain for automakers due to global bottlenecks on supplies of semiconductors and other parts.
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The $470 billion California Public Employees' Retirement System, known as Calpers, said in a regulatory filing that it would support a proposal by the National Legal and Policy Center that Berkshire Hathaway's board chair be independent. That would disqualify Mr. Buffett, who is also the company's chief executive, from holding both positions. $Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$
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Chairman and Co-Chief Executive Reed Hastings on Tuesday said the company was open to rolling out an ad-supported tier in the near future. The move was a stark reversal for an executive who just two years ago said he wanted $Netflix(NFLX.US)$ to be a "safe respite where you can explore, get stimulated, have fun, enjoy, relax—and have none of the controversy around exploiting users with advertising."