The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Sales of Ford Motor‘s trucks and other commercial vehicles led the automaker to beat Wall Street’s earnings estimates during the first quarter, offsetting losses of its electric vehicles. The company […]
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IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Stefan Wermuth | Bloomberg | Getty Images IBM shares slipped as much as 6% in extended trading on Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker […]
Employee stock purchase plans offer ‘free money’ — but also carry complexity and risk, experts say
Morsa Images | E+ | Getty Images If you work for a publicly traded company, you may have access to discounted company shares via an employee stock purchase plan, or ESPP. While the benefit can be valuable, you need to know the rules and risks before opting into your company’s […]
U.S. Chamber of Commerce, business groups sue FTC over ban on noncompete clauses
FTC Chairwoman Lina Khan testifies during a budget hearing of the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce, April 18, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The U.S. Chamber of Commerce and several other business groups on Wednesday sued the Federal Trade Commission […]
TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban
TikTok creators gather before a press conference to voice their opposition to the “Protecting Americans from Foreign Adversary Controlled Applications Act,” pending crackdown legislation on TikTok in the House of Representatives, on Capitol Hill in Washington, U.S., March 12, 2024. Craig Hudson | Reuters Ophelia Nichols, known as “shoelover99” on […]
The least affordable metro areas for America’s middle class—5 of them are in California
California remains one of the most expensive states to live in, according to a recent Creditnews Research study that found America’s middle class is being priced out. In the report that asked, “Can America’s Middle Class Still Afford Homeownership in 2024?”, the independent research house studied the relationship between income […]
Ford is set to report earnings after the bell. Here’s what Wall Street expects
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is announcing first-quarter earnings after the markets close Wednesday. Here is what Wall Street expects, based on average analyst estimates compiled by LSEG: Earnings per share: 42 cents […]
Trump Media CEO urges House GOP leaders to probe possible ‘manipulation’ of DJT stock
Rep. Devin Nunes, R-Calif., ranking member of the House Intelligence Committee, speaks during an impeachment inquiry hearing in Washington, Nov. 13, 2019. Andrew Harrer | Bloomberg | Getty Images Trump Media CEO Devin Nunes on Tuesday urged House Republican committee leaders to investigate possible “unlawful manipulation” of the company’s stock. […]
Meta to report first-quarter results after the bell
Mark Zuckerberg, CEO, Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta will report first-quarter results after the bell Wednesday. Here’s what analysts are expecting. Earnings per share: $4.32, according to LSEG. Revenue: $36.16 billion, according to LSEG. Daily active users (DAUs): 2.12 billion, […]
Biden signs Israel, Ukraine, TikTok bill into law
US President Joe Biden speaks after signing the foreign aid bill at the White House in Washington, DC, on April 24, 2024. Jim Watson | AFP | Getty Images President Joe Biden on Wednesday signed into law measures to provide aid to Israel, Ukraine and Taiwan, as well as force […]