Rivian Automotive Inc. said it produced 4,401 vehicles in the second quarter, the latest in the electric-vehicle maker’s efforts to overcome parts shortages and production snarls to fulfill orders for...
Tag: Earnings
GM reports worst sales in China since onset of Covid-19 lockdowns
WUHAN, CHINA – 2022/05/18: Employees wearing masks work on a car assembly line at the SAIC General Motors Co. The SAIC General Motors Wuhan Branch has resumed production following epidemic preve...
China’s Auto Sales Are Booming. Can the Rebound Last?
Text size China’s auto market is showing a robust rebound. Here: a BYD Tang vehicle at the company’s showroom in Beijing. Qilai Shen/Bloomberg While the recent recovery in much of China’s ...
Alibaba Earnings Turnaround Hopes Revived After Shares Rise 60%
(Bloomberg) — Some of Wall Street’s biggest brokerages have reiterated their bullish calls for Alibaba Group Holding Ltd., suggesting more gains may be in store after the e-commerce giant surged...
Investor delivers new tech ‘bubble’ warning
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when...
Oil Plunges As Recession Fears Mount: Gas Prices Set To Tumble
Updated at 4:24 pm EST Global oil prices plunged the most in several weeks Tuesday as investors pared bets on crude and commodities demand amid increasing signs of recession in the world’s bigge...
Micron’s Woes Are Trouble for Nvidia and These 5 Other Stocks
Text size A technician inspects a semiconductor wafer. Kobi Wolf/Bloomberg News last week that Micron Technology expects weak Chinese demand for semiconductors to hit its quarterly results means a ran...
Nvidia, Intel, Other Semiconductor Companies Slash Earnings Outlook Following Notable Macroeconomic Factors
Nvidia expects to sell significantly fewer semiconductor chips after the crypto winter and inflation reduced global demand. Nvidia Corporation (NASDAQ: NVDA) and several other semiconductor companies,...
Ford (F) Q2 2022 US sales
Electric Ford F-150 Lightning Andrew Evers / CNBC DETROIT – Ford Motor on Tuesday reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectat...
Nvidia Sees Crypto Mining Demand Cooling, Semiconductor Companies Slash Earnings Forecasts
The crypto bear market and declining demand for crypto mining chips have caused semiconductor companies to batten down the hatches. Bank of America analysts say that semiconductor downturns happen eve...
Stock Market Faces Earnings Shock as Economy Falters
(Bloomberg) — Don’t let optimism among equity analysts fool you: Earnings forecasts are likely to be slashed as spiraling inflation and rising interest rates put the brakes on spending. Most Rea...
June Jobs Data, FOMC Minutes, Levi’s Earnings, and More for Investors to Watch This Week
Text size Uncredited The stock market will be closed on Monday for Independence Day. It will be a light week on the earnings calendar once investors return, but with plenty of notable economic release...
Altria’s Dividend Yield Signals Doubts About the Payout. Why It’s Safe.
The FDA’s bid to ban Juul products—like these at a shop in El Segundo, Calif., on a recent day—has weighed on Altria stock. Analysts think Altria, which has a big stake in Juul, will be able to ...
Tesla Deliveries In Focus Following Record Quarterly Stock Slump
Updated at 9:35 am EST Tesla (TSLA) – Get Tesla Inc. Report shares, fresh off their worst quarterly decline on record, trimmed their slump Friday as investors brace for what could be a grim rea...
General Mills and Micron Raised Their Dividends. Banks Will Soon, Too.
Text size Justin Sullivan/Getty Images General Mills and Micron Technology declared dividend increases this week, and various large banks announced plans for their disbursements. General Mills (ticker...
Apple Stock Is Under Pressure. Why Its Earnings Could Trigger a Rebound.
Text size Apple stock has fallen 23% so far this year. Getty Images Investors are feeling a little jittery about Apple stock, and for logical reasons. The company’s June quarter earnings report is les...
General Motors Stock Halted, Edge Higher On Q2 Chip Shortage Hit
Updated at 2:26 pm EST General Motors (GM) – Get General Motors Company Report cautioned Friday that chip shortages and supply chain disruptions lead to production delays that impacted around 1...
There may be another shoe to drop after Micron’s big outlook miss
Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting questions about how the memory market will fare in a downturn. The company expects August-quarter reven...
General Motors (GM) Q2 2022 US sales
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors’ U.S. vehicle sales were down about 15%...
GM expects Q2 net income of between $1.6 billion and $1.9 billion
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images ...
Disney stock could ‘surpass prior peak earnings’, says Morgan Stanley analyst
The Walt Disney Company (NYSE: DIS) has taken significant losses in 2022, and sadly for market participants, they are not the only ones who have been affected by this. On the other hand, it presents p...
Opinion: The chip boom likely over, as Micron says it’s in a ‘downturn’
The semiconductor boom of the past two years appears to be ending. Memory-chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting a massi...
Micron Issues Muted Sales Forecast On Demand Weakness
Memory-chip maker Micron Technology issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings for its latest quarter. “Recently, the industry demand environmen...
Shopify Stock Has Tumbled. It’s Still No Bargain, Analyst Warns.
Text size Shopify headquarters in Ottawa, Canada. Dreamstime With Shopify stock down nearly 80% so far this year, some investors might be tempted to bottom fish one of the leading providers of softwar...