Ford will postpone about $12 billion in EV investment
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC Ford Motor said Thursday that many customers in North America are no longer willing to pay a premium for an electric vehicle over an internal-combustion or hybrid alternative. As a […]
Chipotle Mexican Grill (CMG) Q3 2023 earnings
Food is served at a Chipotle restaurant on in Chicago, Illinois. Scott Olson | Getty Images Chipotle Mexican Grill on Thursday reported quarterly earnings that beat expectations, helped by higher menu prices for its burritos and bowls. Shares of the company rose more than 2% in extended trading. Here’s what the company reported compared with […]
Jared Golden says opposing assault-weapons ban was a ‘misjudgment’ and ‘failure’
“‘I have opposed efforts to ban deadly weapons of war like the assault rifle he used to carry out this crime. The time has now come for me to take responsibility for this failure. ‘” — Rep. Jared Golden That’s Jared Golden, a Democrat who represents Maine’s second district — home to Lewiston, where a man […]
Retailers lobby Congress to pass Combating Organized Retail Crime Act
Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will curb retail theft. The National Retail Federation escalated its campaign to rally support for the bill, known as the Combating Organized Retail Crime Act, which […]
Intel cheers foundry wins, AI traction, and its stock is roaring after earnings
Intel Corp. shares were popping nearly 8% in Thursday’s extended session after the chip maker delivered a rosy forecast, while talking up new customers for its foundry business and traction related to artificial intelligence. For the fourth quarter, Intel INTC, -0.94% anticipates $14.6 billion to $15.6 billion in revenue, whereas analysts were looking for $14.4 […]
Comcast’s lack of broadband growth bothers investors
Signage is displayed in the window of a Comcast Corp. Xfinity store in King Of Prussia, Pennsylvania. Charles Mostoller | Bloomberg | Getty Images Comcast has tried to move investors away from focusing on residential broadband net additions. The market reaction to the company’s third quarter results suggests that isn’t working. Comcast shares fell more […]
Ford Motor (F) earnings Q3 2023
2024 Ford F-150 Raptor Ford DETROIT — Ford Motor on Thursday missed Wall Street’s top- and bottom-line third-quarter expectations, as it continues to restructure its business operations and regroups following the end of a nearly six-week U.S. labor strike against the company. Shares of the company fell about 3% in after-hours trading. Due to the […]
Amazon’s stock jumps after profit crushes estimates to offset slight miss on cloud sales
Amazon.com Inc. soothed jittery investors with a massive beat on earnings despite quarterly cloud sales that came up slightly short, initially sending its shares up 4% in after-hours trading Thursday. Amazon AMZN, -1.29% said third-quarter revenue swelled 13% to $143.1 billion from $127.1 billion in the same quarter last year. Profit was $9.9 billion, or […]
Bristol Myers Squibb (BMY) Q3 earnings report 2023
Bristol Myers Squibb on Thursday reported quarterly adjusted earnings that topped expectations and posted revenue in line with estimates, even as sales of the company’s popular blood cancer drug Revlimid plummeted due to generic competition. Bristol Myers, one of the world’s largest pharmaceutical companies, raked in $10.96 billion in revenue for the third quarter, down […]
Lagarde uses ‘weak’ nine times as ECB pauses for first time since summer of 2022
The European Central Bank on Thursday paused on interest rates, after data showing inflation slowing down as worries about the economy abound. President Christine Lagarde used variants of the word “weak” nine times in her opening comment, delivered from Athens, Greece, after the ECB held its deposit rate at 4%, its first pause since the […]
