2024 Ford F-150 Raptor Ford DETROIT — Ford Motor is set to report its third-quarter earnings after the bell Thursday. Here’s what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv. Adjusted earnings per share: 45 cents Automotive revenue: $41.22 billion Those results would […]
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Amazon set to report third-quarter earnings after the bell
Andy Jassy, CEO, Amazon CNBC Amazon is scheduled to report third-quarter earnings after the market close Thursday. Here are the key numbers Wall Street is watching: Earnings per share: 58 cents expected among analysts surveyed by LSEG, formerly known as Refinitiv Revenue: $141.4 billion expected among analysts surveyed by LSEG […]
Maine communities locked down after gunman kills 18; manhunt underway
An armed police officer guards the ambulance entrance to the Central Maine Medical Center in Lewiston, Maine early on October 26, 2023. Joseph Prezioso | AFP | Getty Images The search for a mass killer in Maine continued Thursday morning with Lewiston and two other local communities still under lockdown […]
How the long-awaited recession became a ‘richcession’ for America’s wealthy
Sticky inflation, white-collar layoffs, and surging interest rates are all putting pressure on a certain type of American — higher-income earners. “What we normally see in an economic recession is that lower- and moderate-income households really bear the brunt of it in terms of job losses and financial hardships,” said […]
Meta shares dip following cautious commentary about unrest in the Middle East
Shares of Meta dipped more than 2% Thursday, a day after the company released strong third-quarter results but offered cautious comments about potential ad softness due to the ongoing Israel-Hamas war. Meta reported $34.15 billion in revenue for the quarter, up 23%, and the fastest rate of growth since 2021. […]
Marlboro maker Altria reports declining revenue, citing competition from illicit e-vapor products
Packs of Marlboro cigarettes are displayed at a smoke shop on April 28, 2023 in San Francisco, California. Justin Sullivan | Getty Images Altria Group, the parent company of Philip Morris USA and the nation’s largest tobacco company, reported third-quarter results Thursday that fell short of Wall Street’s expectations as demand for […]
Comcast investors focus on lack of broadband growth as shares slump
Comcast Xfinity cable television installation truck parked on a street in front of a suburban home, San Ramon, California, May 17, 2018. (Photo by Smith Collection/Gado/Getty Images) Smith Collection/Gado | Archive Photos | Getty Images Comcast has tried to move investors away from focusing on residential broadband net additions. The […]
Google Maps just got another update, here’s what’s new
Google Maps Immersive view Google Google Maps is expanding preexisting features and unveiling some new ones, according to a Thursday announcement. The company said artificial intelligence allowed for improvements to Google Maps’ EV charging station feature, more specific recommendations of nearby activities and more in-depth visualization. Many of the new […]
U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures, and a variety of other domestic and global headwinds. Gross domestic product, a measure of all goods and services produced in the U.S., rose […]
Kids are attending pro-Palestine protests on Roblox
Screenshot taken by CNBC of an experience on Roblox. Source: Roblox Kids are attending pro-Palestine protests on Roblox in the wake of the Israel-Hamas war, and so far, a pro-Palestine virtual protest has been visited more than 275,000 times. Videos circulating on social media and past livestreams of at least […]