Ford Motors recently announced a major shift in its electric vehicle strategy, opting to delay production of a next-generation all-electric pickup truck in Tennessee and cancel plans for a three-row electric SUV. Instead, the company will prioritize the development of hybrid models and electric commercial vehicles, such as a new electric commercial van in 2026,
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E.l.f. Beauty’s recent quarterly performance has been impressive, with a 50% gain in sales in its fiscal first quarter. This comes after a remarkable 76% jump in the year-ago period. However, the company’s post-earnings conference call hinted at potential challenges ahead, as they anticipate higher container and transportation costs in FY25. Despite a 3.4% rise
European policymakers have been eager to see larger banks emerge throughout the continent, and it seems that Italy may be on the brink of a significant round of mergers and acquisitions (M&A) that could fulfill this long-awaited desire. Analysts suggest that after enduring a sovereign debt crisis and a government bailout of Banca Monte dei
In a recent interview with CNBC’s “Fast Money,” traders Danny Moses, Vincent Daniel, and Porter Collins expressed their bullish stance on gold. This trio, known for their successful bet against the housing market prior to the 2008 crisis, emphasized the importance of including gold in investment portfolios. Collins highlighted the impact of central bank buying
As we look ahead to 2025, the impact of the upcoming administration on the economy and financial markets is at the forefront of many traders’ minds. The uncertainty surrounding the policies and approaches of the new leadership raises questions about what to expect in the coming year. While a crystal ball may not be available,
The recent surge in the yen has caught the attention of traders and investors alike, with the currency poised for its strongest week in nearly three months. This unexpected turnaround comes after a period of weakness, during which the yen hit 38-year lows against the US dollar. The sudden shift in momentum can be attributed
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter of the year. This decline is attributed to an oversupplied U.S. market, which has led airlines to discount tickets during a typically profitable period. The airline projected that unit revenue for the current quarter could decrease by as much as 2%
General Motors has recently announced its plans to increase production of the Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV will come equipped with a standard 55-inch diagonal display across the dash, including a passenger-only screen, an “executive package” for the second
The landscape of the electric vehicle (EV) market is constantly evolving, with new players entering the scene and existing ones striving to maintain their competitive edge. South Korean EV battery maker SK On, a unit of energy group SK Innovation, is facing challenges amid slowing global EV demand. In an effort to adapt to the
Australia’s commitment to boosting investment in Pacific Island countries in support of their financial systems comes at a crucial time. The banking sector in the region is experiencing a significant withdrawal of correspondent banking services, particularly in U.S. dollar-denominated transactions. This has raised concerns about the ability of Pacific nations to engage with the global
The cyber attack on CDK’s Dealer Management Software at the end of June had a significant impact on the new vehicle sales of top U.S. automakers in the second quarter. General Motors reported only a 0.6% increase in new vehicle sales, a stark contrast to the 19% rise in sales they experienced the previous year.
As we enter the second half of 2023, the future of U.S. auto sales remains uncertain. While the first half of the year showed a modest increase of 2.9% compared to the previous year, there are growing concerns that this momentum may not be sustained. Factors such as increasing vehicle inventory levels and incentives, alongside
As tumultuous markets continue to create uncertainty for investors, seeking out dividend-paying stocks can provide stability and reliable income. One such stock that stands out among Wall Street analysts is tech giant IBM. Despite announcing mixed first-quarter results, IBM’s earnings surpassed expectations, while revenue fell short due to macroeconomic challenges. In addition, the company recently
The post-holiday box office weekend saw a significant decline in earnings compared to the previous year, with all titles grossing an estimated $68.6M, a staggering 66% drop from the previous year’s total of $205.1M. This poor performance can be attributed to various factors, including lackluster movie releases and overall audience disinterest in the available options.