Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Ford’s Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor is set to report its fourth-quarter earnings after the bell Thursday. Here’s what Wall Street is expecting, according to … Read more
Image: Ferrari Ferrari can do no wrong, Tesla’s suppliers are peeved at its price shenanigans and electric semis have a big problem. All that and more in this Thursday edition of The Morning Shift for February 2, 2023. 1st Gear: Never Bet Against the Horse It must be a ball running Ferrari, the one manufacturer … Read more
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT — Ford Motor‘s new US vehicle sales started 2023 on a stronger footing than a year earlier but were down 18.4% from December, the company reported Thursday. January is … Read more
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday reported full-year profits up 13% year over year and guided to an even stronger year in 2023 on what its CEO called “persistently high demand” … Read more
Airbus Revives Order From Qatar Airways Following Paint-Dispute Settlement – WSJThe Wall Street Journal Qatar Airways & Airbus Reach A350 SettlementOne Mile at a Time Breaking: Airbus & Qatar Airways Settle Airbus A350 Legal DramaSimple Flying Airbus and Qatar Airways settle A350 row, resume businessReuters Qatar A350 and A321neo orders to be reinstated as part … Read more
Text size Peloton stock was soaring Wednesday. Ezra Shaw/Getty Images Stocks were falling Wednesday as investors positioned themselves ahead of the Federal Reserve’s decision on interest rates. These stocks were making moves Wednesday: Peloton Interactive jumped 18% after the at-home fitness company posted fiscal second-quarter revenue ahead of analysts’ expectations. Subscription revenue came in above … Read more
Raj Subramaniam, FedEx Corporation, speaks at the US Chamber of Commerce Aviation Summit in Washington, DC on March 5, 2020. Kristoffer Tripplaar | Sipa via AP Images FedEx is cutting more than 10% of its officers and directors, CEO Raj Subramaniam announced on Wednesday, as the company slashes corporate jobs to cut costs amid cooling … Read more
FONTANA, CALIFORNIA – A trucker pumps diesel fuel into her 18-wheel semi-truck, twin fuel tanks at … [+] Truck Town in Fontana, California. (Photo by Bob Riha, Jr./Getty Images) Getty Images Gasoline prices are rising again – up more than 30 cents a gallon in the past month and around 15 cents in the last … Read more
Asia-Pacific stocks mostly rose Wednesday, Feb. 1. The Hang Seng Index HK:HSI of Hong Kong companies added 1.1% to 22,072.18, while Japan’s Nikkei 225 Index JP:NIK increased 0.1% to 27,346.88. The Shanghai Composite Index CN:SHCOMP of Chinese companies gained 0.9% to 3,284.92, and The FTSE Straits Times Index SG:STI of Singapore stocks rose 0.4% to … Read more
Shots fired at west Omaha Target midday Tuesday Omaha police officers fatally shot a gunman at a west Omaha Target store midday Tuesday. Multiple 911 calls alerted police at 11:59 am about an active shooting at the superstore, located at 17810 West Center Road. The gunman, armed with an AR-15 rifle, fired … Read more