Deira Trading Company

Ford F shares fall after Q3 earnings on EV costs, UAW

Ford Motor Company’s electric F-150 Lightning on the production line at its Rouge Electric Vehicle Center in Dearborn, Michigan, on Sept. 8, 2022. Jeff Kowalsky | AFP | Getty Images Shares of Ford Motor traded sharply lower Friday after the company reported earnings that missed estimates and said that demand for its electric vehicles was […]

Datadog’s stock shrugs off downgrade as some say Amazon AWS trends bode well

Datadog Inc. shares shrugged off a Wells Fargo downgrade Friday as Wall Street saw positive read-throughs for the observability company in Amazon.com Inc.’s latest cloud-computing results. Amazon AMZN, +6.83% late Thursday offered what many saw as upbeat forward-looking commentary on its AWS cloud-computing business, as management acknowledged that customers are still “optimizing” their spending, or […]

How Innovation Refunds cashed in on the Employee Retention Credit

The Employee Retention Credit was intended to be a financial lifeline to small businesses struggling to make ends meet during the pandemic. The government program, seemingly flush with cash, led to the emergence of an industry of its own, which focused on helping businesses claim the credits. Suddenly, a parade of ads encouraging businesses to […]

Abercrombie, ex-CEO sued over sex abuse, trafficking

Abercrombie & Fitch is in the middle of a major comeback, but the retailer is still being haunted by the alleged sins of former chief executive Mike Jeffries.  The company was sued Friday for turning a blind eye to Jeffries’ alleged misconduct, court records show. He’s accused of running a sprawling sex trafficking ring that […]

Jamie Dimon to sell 1 million shares of JPMorgan

JPMorgan Chase CEO Jamie Dimon will begin to sell one million shares of the bank he runs next year, the company said Friday in a filing. The plan sparked concern that Dimon, 67, could be contemplating retirement. Dimon is arguably the country’s top banker. He has led JPMorgan since 2005, helping build it into the […]

U.S. adds Hamas sanctions as crypto industry fights back against funding claims

The Treasury Department announced new sanctions Friday against Hamas in the wake of its attack on Israel earlier this month. The Biden administration’s sanctions target more than 20 individuals, companies and organizations located in Iran, Syria and elsewhere in the region for helping fund Hamas’ operations. “Today’s action underscores the United States’ commitment to dismantling […]

GM, UAW may be near labor deal after negotiating session

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT — Contract negotiations between the United Auto Workers and General Motors are reconvening midday Friday after intense talks occurred Thursday night and into the morning, according to sources familiar […]

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