Ford’s stock heads for worst decline since 2009 amid ‘surprise’ impact of warranty costs and EV losses
“We do not expect investors to give Ford a pass” on the car maker’s higher-than-expected second-quarter warranty costs, says J.P. Morgan analyst Ryan Brinkman.
Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024. Mike Blake | Reuters Southwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest changes to its business model in its 53 years of flying. […]
American Airlines (AAL) earnings Q2 2024
An American Airlines Boeing 737 MAX 8 aircraft approaches San Diego International Airport for a landing from Phoenix on June 28, 2024 in San Diego, California. Kevin Carter | Getty Images American Airlines is forecasting a drop in unit revenue of as much as 4.5% for the third quarter as high demand failed to make […]
Universal Music Group, a massive holding of Bill Ackman, sees stock-price tumble on streaming worries
Shares in Universal Music Group, a big holding of Bill Ackman’s Pershing Square Capital Management, lost more than a quarter of its value on Thursday on concerns over streaming revenue.
AMC warns of Q2 2024 earnings ‘weakness’
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment warned investors of declines in key metrics during the second quarter, sending its shares down nearly 8% during trading Wednesday. The company blamed last year’s actors and writers […]
Lineage is going public: 5 things to know about the cold-storage warehouse REIT
Lineage IPO is the biggest of 2024 by a wide margin
Ford Motor (F) earnings Q2 2024
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor came in short of Wall Street’s second-quarter earnings expectations while beating on revenue, due to warranty costs that have plagued the automaker for several years now. The automaker increased its full-year target for […]
Biden says he’ll keep fighting to lower costs as he passes the torch
President Joe Biden on Wednesday said he’ll continue to focus on combatting inflation, while describing his decision to exit the White House race as a way to get unity.
NBA picks Amazon for media rights over Warner Bros. Discovery
Luka Doncic, #77 of the NBA’s Dallas Mavericks, shoots the ball against the Boston Celtics during Game 5 of the 2024 NBA Finals at the TD Garden in Boston on June 17, 2024. Nathaniel S. Butler | National Basketball Association | Getty Images The NBA has rebuffed longtime media partner Warner Bros. Discovery‘s bid to […]
Chipotle Mexican Grill (CMG) Q2 2024 earnings
A Chipotle restaurant in New York on July 3, 2023. Jeenah Moon | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Here’s what the company reported compared with what Wall Street was expecting, […]
