MARKET MOVERS

  • Tesla Recalls Nearly 363K Vehicles Over Safety Concerns with ‘Full Self-Driving’ System. The company is voluntarily recalling the vehicles and warns that its experimental driver-assistance software, marketed as Full Self-Driving Beta, may cause crashes. The recall notice was posted on the website of the NHTSA. Tesla will deliver an over-the-air software update to cars to address the issues.
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  • HubSpot Posts Impressive Q4 Results, Sends Stock Soaring. HubSpot exceeded Wall Street's expectations with a 27% jump in revenue, reaching $469.7 million for the fourth quarter of 2022. The impressive growth was largely fueled by a 28% surge in subscription revenue, reaching $458.2 million, and an 8% increase in professional services sales. The positive news led to an 11% rally in the company's stock, highlighting investor confidence in HubSpot's ongoing ability to outperform the competition.

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