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 analyst estimates reviewed by LSEG: Earnings per share: 47 cents adjusted vs. 68 cents adjusted expected Automotive revenue: $44.81 billion vs. $44.02 billion…
Top Stock Moves in After-Hours Trading: Cleveland-Cliffs, Nucor, NXP Semiconductors and More
Several stocks have seen significant price movements after the market close. Below is a summary of the most significant movers in after-hours trading. Cleveland Cliffs (CLF) Cleveland-Cliffs saw a substantial increase in its stock price after reporting better-than-expected quarterly earnings. The company’s strong performance was driven by higher steel prices and increased demand from the…
Fed Chairman 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 engage in a discussion with David Rubenstein, president of the Economic Club and co-founder of The Carlyle Group. The move marks Powell’s first…
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 shares rose about 1% in after-hours trading. Here’s how the company performed against analyst estimates reviewed by LSEG: Earnings: $1.89 per share vs….
LeBron James leads Team USA to victory over Germany in thrilling exhibition game
The United States men’s national basketball team faced a tight showdown in their final pre-Olympic game against Germany, and it was LeBron James who secured the victory for Team USA. In a dramatic finale, James scored 11 points in the final four minutes to lift the Americans to a 92-88 victory on Monday. The NBA’s…