Ford CEO Farley says UAW is holding up talks over EV battery plants
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – The United Auto Workers union is holding up negotiations with Ford Motor over future electric vehicle battery plants, Ford CEO Jim Farley said during a press […]
Carnival books first post-COVID profit but stock dives after outlook disappoints
Shares of Carnival Corp. took a dive Friday, as the cruise operator’s first quarterly profit since before the COVID pandemic, amid record revenue and bookings, was overshadowed by a disappointing outlook. “While we see no signs of demand slowing for our brands, at some point, booking volumes for 2024 will recede as we simply run […]
UAW announces new strikes at GM and Ford plants, sparing Stellantis
DETROIT – The United Auto Workers union will expand strikes against General Motors and Ford Motor to two U.S. assembly plants at noon ET, UAW President Shawn Fain said Friday. The additional strikes will target Ford’s Chicago Assembly in Illinois, which produces the Ford Explorer and Lincoln Aviator SUVs, and GM’s Lansing Delta Township plant […]
UAW announces new strikes at GM and Ford plants, sparing Stellantis
DETROIT – The United Auto Workers union will expand strikes against General Motors and Ford Motor to two U.S. assembly plants at noon ET, UAW President Shawn Fain said Friday. The additional strikes will target Ford’s Chicago Assembly in Illinois, which produces the Ford Explorer and Lincoln Aviator SUVs, and GM’s Lansing Delta Township plant […]
Consumer spending rises again, but it’s not all great. Higher gas prices play role.
The numbers: Consumer spending rose a solid 0.4% in August, but the increase was exaggerated by higher gas prices that are pinching the budgets of U.S. households. Analysts polled by the Wall Street Journal had forecast a 0.4% gain. Spending rose a revised 0.9% in July, when Amazon AMZN, held its annual Prime Day sale. […]
Blue Origin, Sierra Space Orbital Reef space station in limbo
A rendering of the “Orbital Reef” space station in orbit. Blue Origin The Orbital Reef space station partnership between Jeff Bezos’ Blue Origin and Sierra Space is on rocky footing, CNBC has learned. The companies announced Orbital Reef as a co-led project in 2021, but updates about the project dried up in the past year. […]
Endeavor, Fenway Sports consider PGA Tour investment
The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017. Fred Kfoury | Icon Sportswire | Getty Images The PGA Tour is attracting potential outside investors — some of which are considering making a rival pitch to the Saudi-backed Public […]
Adidas and Puma shares rally after Nike results
Investors bid up Nike’s rivals Adidas and Puma in early European markets action, after their U.S. peer beat first-quarter earnings forecasts. Adidas shares ADS, +5.61% jumped 6%, and Puma stock PUM, +5.86% rose 5%, after Nike NKE, +0.23% reported better margins than forecast even though revenue met expectation. JD Sports Fashion JD, +5.78% shares also […]
Adidas and Puma shares rally after Nike results
Investors bid up Nike’s rivals Adidas and Puma in early European markets action, after their U.S. peer beat first-quarter earnings forecasts. Adidas shares ADS, +5.58% jumped 6%, and Puma stock PUM, +5.86% rose 5%, after Nike NKE, +0.23% reported better margins than forecast even though revenue met expectation. JD Sports Fashion JD, +5.78% shares also […]
Nike (NKE) earnings Q1 2024
Nike reported revenue Thursday that fell short of Wall Street’s sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending its stock soaring in after-hours trading. Here’s how the sneaker giant performed during its fiscal first quarter compared with what Wall Street was anticipating, based on […]
