Boeing Co told U.S. lawmakers it will not cancel an incentive award for its new chief executive tied to the return of its grounded 737 MAX return despite criticism from Congress, according to a letter made public Tuesday.
Ford Motor Co shares nosedived on Tuesday after it handed investors a weaker-than-expected 2020 forecast, warning that quality problems, lower profits at its credit arm and continued investments in unprofitable self-driving cars would weigh down profits.
Shares of Ford fell in after-hours trading on Tuesday, after the car maker reported an earnings miss for its fourth-quarter. The Final Round panel discusses the latest. …read more […]
Walt Disney Co’s new streaming service Disney+ reached 28.6 million paying subscribers this week, the company said on Tuesday as it reported quarterly earnings that beat Wall Street forecasts.
Snap Inc missed Wall Street estimates for fourth quarter revenue on Tuesday as it faced tough competition from digital advertising giants Google and Facebook, sending its shares down 12%.
State attorneys general investigating Alphabet Inc’s Google unit met on Tuesday with U.S. Justice Department officials to coordinate efforts to probe the search and advertising giant, officials told Reuters.
One analyst says Tesla has a “huge productivity advantage” over traditional car makers that use traditional engines. …read more […]
Macy’s Inc said on Tuesday it plans to close 125 of its least productive stores over the next three years and cut more than 2,000 corporate jobs as a part of its cost savings effort.
“Price dictates news…”
It’s an old Wall Street saying meaning that when the market is going up, investors and journalists will focus on what is positive.
And when the market is going down, people emphasize what is negative…
We saw this play out in dramatic fashion last month. The first half of January featured a sharp rally and a focus on all the “good news” – big gains in 2019, followed by the U.S.-China Phase One trade deal, fueled some market exuberance.
Last year, the market peaked on January 17, when the S&P 500 closed at a record high of 3,330. At that point, …read more […]
(Bloomberg) — If the incredible rally in Tesla Inc. shares this year is making you dizzy, hold on to your chair.Tesla has a slew of catalysts coming up in the next few months that could give investors a reason to pause, or propel the stock even higher. It all depends on how the company does in its tests ahead.Tesla shares surged as much as 24% Tuesday before a sudden plunge in the last few minutes of trading shaved more than $100 from the stock price in just 6 minutes. The gain stabilized at 14% as the market closed, bringing Tesla’s …read more […]
Revenue, which the company generates from selling advertising on Snapchat, rose 44% to $560.88 million, but missed the average analyst estimate of $563.03 million. The app faces tough competition from Alphabet Inc’s Google and Facebook , which command a huge portion of the digital advertising market. Snapchat has only 0.5% of worldwide digital ad revenue, while Facebook accounts for 21.1%, according to a report by market researcher eMarketer. …read more […]
Disney had reported 10 million sign-ups for the $7-a-month Disney+ one day after its launch in November, in a strong streaming debut that was further boosted by the success of Star Wars prequel “The Mandalorian”. In October, the largest U.S. wireless carrier by subscribers said it would offer a year-long subscription to Disney+ with its unlimited plans. …read more […]
Snapchat parent company Snap announced its Q4 2019 earnings, missing on revenue expectations. …read more […]
Chipotle crushed estimates on the top and bottom lines, and shares initially fell before paring losses in after-hours trading. …read more […]
Ford Motor Co on Tuesday posted a fourth-quarter loss and provided a weaker-than-expected 2020 forecast due to continued higher warranty costs, lower vehicle volumes, lower results from Ford Credit and higher investment in future transportation. For the fourth quarter of 2019, Ford reported a net loss of $1.7 billion, or 42 cents a share, compared with a loss of $100 million, or 3 cents a share, a year earlier. Excluding one-time charges, Ford earned 12 cents a share, three cents below what analysts had expected. …read more […]
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