Stellantis, the multinational automaker behind brands including Jeep, Dodge and Chrysler, announced a 48% drop in net profit for the first half of 2024, mainly due to declining sales and production issues…
After Hours Market Movers: Dexcom, Coursera, Deckers Outdoor and More
Here are some stocks that saw significant moves in after-hours trading: Dexcom Dexcom shares jumped after their quarterly earnings report beat Wall Street expectations. The company, known for its continuous glucose monitoring…
Corey LaJoie to Leave Spire Motorsports After 2024 Season
Corey LaJoie, currently 28th in the NASCAR Cup Series standings, will not return as the driver of the No. 7 Spire Motorsports car at the end of the 2024 season. LaJoie, who…
Ford Reports Significant Revenue Drop Due to Warranty Issues
DETROIT — Ford Motor Company fell significantly short of Wall Street expectations for second-quarter earnings, despite beating revenue forecasts, as long-running warranty issues plague the automaker. Here’s how the company performed against…
Why a Historically Reliable Recession Indicator May No Longer Be Accurate
Wall Street’s most reliable recession indicator started signaling trouble in 2022 and hasn’t stopped since, but so far it has proven wrong every time. The yield on 10-year Treasuries has been lower…
Alphabet Hits Revenue Goals But Fails to Match YouTube Ad Revenue
Google parent company Alphabet reported its second-quarter results after the market closed on Tuesday, meeting analysts’ expectations for revenue and profit but falling short on YouTube advertising revenue. Following the announcement, Alphabet…
Tune In: Fed Chair Jerome Powell Discusses Interest Rate Policy and Economic Outlook
Federal Reserve Chairman Jerome Powell will speak at the Economic Club of Washington, D.C., on Monday, providing insights into the central bank’s interest rate policy and the broader economic landscape. Powell will…