Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images DETROIT – Ford Motor plans to invest $29 billion in electric and autonomous vehicles through 2025, the company announced Thursday when it reported better-than-expected fourth-quarter earnings. […]
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Snap beats expectations but stock falls on light Q1 forecast
Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap’s stock fell as much as 10% in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street’s expectations on earnings, revenue and user growth. But the company provided a first-quarter adjusted EBITDA forecast that […]
Big Tech’s road to underperformance and why its dominance is waning
Over the last 10 years, technology stocks have been the undisputed winner. Whether it’s Apple, Amazon, Microsoft or any of the mega-cap tech names, investors likely have a bad case of buyer’s remorse holding just about anything else. For context, the tech-heavy Russell 1000 Growth index outperformed the Russell 1000 […]
Hershey tracked Covid trends after seeing s’mores demand rise as cases grew, CEO says
Hershey is seeing strong demand for its chocolates and seasonal candies as people are cooped up inside their homes, searching for every small occasion to celebrate. “Throughout the entire year, seasons was one of the key drivers as consumers really wanted the comfort and the normalcy associated with seasonal traditions and rituals at a time when […]
Johnson & Johnson requests emergency authorization from FDA for Covid vaccine
Artur Widak | NurPhoto | Getty Images Johnson & Johnson applied for an emergency use authorization from the Food and Drug Administration for its coronavirus vaccine after releasing data last week showing it was about 66% effective in protecting against the virus. If J&J’s application is approved, it would be […]
Stock futures are flat as major averages try to finish best week since November
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Thursday, following a four-day winning streak on Wall Street as investors awaited a closely-watched January jobs report. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 […]
Peloton CEO John Foley promises customers more clarity on wait times for delayed orders
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton‘s CEO is promising anxious customers who are still waiting on their cycles and treadmills that the company is working fast to offer clearer answers on when […]
Facebook’s not the only one worried about Apple’s privacy change — Snap and Unity both just warned investors about it
Apple CEO Tim Cook delivers a keynote during the European Union’s privacy conference at the EU Parliament in Brussels, Belgium October 24, 2018. Yves Herman | Reuters Snap and Unity Software, which reported fourth quarter earnings after the bell Thursday, both warned of the upcoming impact from Apple‘s privacy changes […]
Ford ups investment in electric and autonomous vehicles to $29 billion through 2025
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images DETROIT – Ford Motor plans to invest $29 billion in electric and autonomous vehicles through 2025, the company announced Thursday when it reported better-than-expected fourth-quarter earnings. […]
The Senate Finance Committee is gearing up to take on billionaires and dark money groups, Wyden says
Senator Ron Wyden, a Democrat from Oregon and ranking member of the Senate Finance Committee, speaks during a hearing with Robert Lighthizer, U.S. trade representative, not pictured, in Washington, D.C., U.S., on Tuesday, March 12, 2019. Anna Moneymaker | Bloomberg | Getty Images Democrats running the powerful Senate Finance Committee […]