Tag: Wall Street

December 19, 2023

Wall Street’s outlook on Tesla Inc. is darkening rapidly, with at least two analysts turning more cautious on the electric vehicle maker in as many days. Some of the EVs made by Tesla may no longer qualify for government subsidies […]

January 13, 2023

Tesla Inc. TSLA 0.28%increase; green up pointing triangle cut prices for some of its vehicles sold in the U.S. by nearly 20%, aiming to lure new buyers at a time Wall Street is concerned appetite for the car maker’s vehicles […]

October 19, 2022

J.B. Hunt Transport Services Inc. saw revenue and earnings increase as a result of strong segment growth during the third quarter, the company reported Oct. 18, besting analysts’ expectations. The Lowell, Ark.-based transportation and logistics company posted net earnings of […]

March 11, 2022

When GE announced in November it was spinning off its healthcare business — in which the company will retain a 20% stake — the conglomerate said capital structures, brands and other details were to be determined later. Four months later, […]

March 9, 2021

Tesla Inc. shares rebounded March 9 after a five-day losing streak wiped out about $149 billion from the company’s valuation. A steady stream of positive news — including an upgrade from a Wall Street analyst, a rally in the cryptocurrency […]

February 5, 2021

With President Biden dedicated to pushing electric vehicles as part of both his climate and trade policies, coupled with hot financial markets ready to finance nearly anything green, pressure is building on automakers to go beyond nibbling at the edges […]

January 21, 2021

After years of shunning the U.S.’s two largest car companies, investors are finally starting to kick the tires on General Motors Co. and Ford Motor Co. Ford shares have surged about 20% this week and have risen about 35% in […]

December 1, 2020

Ousted Nikola founder and Chairman Trevor Milton is the company’s largest shareholder with more than a fourth of the start-up’s shares, and he can sell all of them beginning Tuesday. Milton, who disappeared from the public eye and deleted all […]

November 4, 2020

Ford Motor will release its U.S. vehicle sales on a monthly basis as well as quarterly after the company’s new CEO Jim Farley promised Wall Street greater transparency. The decision comes more than a year after the Detroit automaker followed […]

October 2, 2020

Tesla said Friday it delivered 139,300 vehicles in the third quarter, and produced 145,036 vehicles. As of Wednesday, analysts expected Tesla to report deliveries of 137,000 vehicles over the last three months, according to a consensus of analysts surveyed by […]

July 28, 2020

The coronavirus pandemic has brought the U.S. automotive industry to a standstill unlike any event has since World War II. Factories were shuttered, hundreds of thousands of employees were laid off and no new vehicles rolled off U.S. assembly lines […]

October 21, 2019

DETROIT — Ford Motor Co.’s Jim Hackett and Wall Street analysts started this year frustrated with one another. Sure, the automaker had been underperforming, but the CEO appealed for time to show he was fixing things. He assured them the […]

July 31, 2019

(Reuters) – Shares of Apple Inc (AAPL.O) rose 4.2% on Wednesday, after the company calmed Wall Street nerves with an improvement in sales in China and as several brokerages predicted a boost from its services business and the launch of […]

June 3, 2019

Global manufacturing was the weakest since 2012 last month, a victim of mounting trade tensions and further reason to worry that the world economy is weakening. With softness in Germany, Japan, the U.K. — as well as the lowest U.S. […]

April 30, 2019

DETROIT — General Motors’ first-quarter net income doubled from a year earlier, though operating profit fell 11 percent primarily due to downtime at the company’s full-size SUV plant in Texas. GM on Tuesday reported net income of $2.15 billion, up […]

April 25, 2019

(Reuters) – Microsoft Corp’s market value vaulted above the $1 trillion mark for the first time in regular session trade on Thursday, pulling ahead of Apple Inc and making it the most valuable U.S. publicly traded company after quarterly earnings […]

January 3, 2019

The rare revenue warning – the company’s first in nearly 12 years – sent shockwaves through global financial markets with chipmakers that supply to Apple being the hardest hit. Shares of U.S.-based suppliers and chipmakers including Cirrus Logic Inc, Skyworks […]

August 14, 2018

Wall Street says Ford Motor Co. must cut its dividend. The automaker says that’s nonsense. The debate erupting over Ford’s quarterly payout to shareholders — including the founding family that derives millions from the disbursements — is exposing a growing […]

August 8, 2018

(Reuters) – Tesla Inc (TSLA.O) said on Wednesday its board is evaluating Chief Executive Elon Musk’s idea of taking the company private after he brought the matter up for discussion last week. Musk took Tesla shareholders and the stock market […]

May 21, 2018

Shares in Tesla Inc (TSLA.O) jumped more than 4 percent on Monday as investors were encouraged by the company’s placing a $78,000 price tag on the fully-loaded version of its Model 3 sedan. Separately, research firm Berenberg raised its price […]