China’s BYD Forecasts Higher Third-Quarter Profit on Record EV Sales
By Ben Otto Chinese automaker BYD Co. expects third-quarter profit to rise at least 67% on the back of record electric-vehicle sales. The Warren Buffett-backed maker of electric vehicles and batteries estimated net profit for the quarter at between 9.55 billion yuan ($1.31 billion) and CNY11.55 billion, up from CNY5.72 billion in the same period […]
Casino workers go on strike in Detroit
MGM Resorts International’s MGM Grand Detroit hotel stands in Detroit on Oct. 30, 2013. Bryan Mitchell | Bloomberg | Getty Images Auto workers aren’t the only ones on strike in Detroit. Thousands of casino workers, seeking higher wages and better working conditions, walked off the job in the city Tuesday. Casino workers are seeking higher […]
United Airlines’ stock falls after bleak outlook for end of the year
United Airlines Holdings Inc. reported third-quarter earnings late Tuesday that were better than Wall Street expected, but the airline’s stock fell as the company called for lower profits later in the year. United UAL, +1.49% earned $1.1 billion, or $3.42 a share, in the quarter, compared with $942 million, or $2.86 a share, in the […]
Vans owner VF Corp shares jump after activist investor builds stake
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021. Luke Sharrett | Bloomberg | Getty Images Activist investment firm Engaged Capital has taken a stake in VF Corporation, owner of Vans and The North Face brands, and is pushing for cost […]
Vans owner VF Corp shares jump after activist investor builds stake
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021. Luke Sharrett | Bloomberg | Getty Images Activist investment firm Engaged Capital has taken a stake in VF Corporation, owner of Vans and The North Face brands, and is pushing for cost […]
Lucid LCID Q3 2023 EV deliveries production
A Lucid showroom in New York City on Aug. 19, 2023. Adam Jeffery | CNBC Luxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors worried about demand for the posh and pricey electric vehicle. […]
It’s a ‘tale of two housing markets’ for buyers and sellers, Fannie Mae CEO says
PHILADELPHIA — The U.S. housing market is pushing buyers and sellers to opposite ends, as one group struggles with affordability while the other is locked into low rates. “It’s a tale of two markets,” Priscilla Almodovar, chief executive of Fannie Mae, told MarketWatch in an interview on the sidelines of the Mortgage Bankers’ Association’s annual […]
It’s a ‘tale of two housing markets’ for buyers and sellers, Fannie Mae CEO says
PHILADELPHIA — The U.S. housing market is pushing buyers and sellers to opposite ends, as one group struggles with affordability while the other is locked into low rates. “It’s a tale of two markets,” Priscilla Almodovar, chief executive of Fannie Mae, told MarketWatch in an interview on the sidelines of the Mortgage Bankers’ Association’s annual […]
StubHub sees 60% jump in ticket sales for NBA season
Anthony Davis, #3 of the Los Angeles Lakers, drives to the basket during the game against the Milwaukee Bucks at Crypto.com Arena in Los Angeles on Oct. 15, 2023. Adam Pantozzi | National Basketball Association | Getty Images With the National Basketball Association season tipping off next week, StubHub sees ticket sales up nearly 60% […]
Treasury yields higher as traders eye retail sales data
Bond yields rose early Tuesday as investors eyed U.S. retail sales data, and easing geopolitical angst curtailed demand for haven assets. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y added less than 1 basis point to 5.114%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Y rose 4 […]
