business news
Ford’s CEO needs to deliver by next quarter, or we’re moving on from the stock
Ford Motor (F) CEO Jim Farley on Friday said the automakers’ messy fourth quarter was a function of its transition to a new business structure that limited production capacity, combined with poor execution. But we remain disappointed in the results, and need to see an increase in profitability to stick with the stock after the […]
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Nordstrom could use an activist, but Ryan Cohen might not be the right one
Buckle up, Nordstrom shareholders. Volatile trading is ahead. Activist investor Ryan Cohen is building a stake in the department store chain as he looks to shake up its board, people familiar with the matter told CNBC. Cohen’s interest in the company was first reported by The Wall Street Journal . Not surprisingly, Cohen’s entry has […]
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Stocks making the biggest moves midday: Amazon, Alphabet, Apple, Nordstrom, Ford and more
Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022. Sandy Huffaker | Reuters Check out the companies making headlines in midday trading. Amazon – The e-commerce giant’s stock tumbled 4% despite a revenue beat. Late Thursday, Amazon issued weaker-than-expected guidance for the current period. The company […]
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Apple’s lengthy-time period positives outweigh uncommon earnings miss, Morgan Stanley says
Apple CEO Tim Prepare dinner holds a new Iphone 14 Professional throughout an Apple particular celebration on September 07, 2022 in Cupertino, California. Justin Sullivan | Getty Photographs Shorter-time period macro issues will not detract from the extensive-phrase benefit at Apple, Morgan Stanley analysts wrote in a note Friday that reiterated an overweight score and […]
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Southwest faces Senate hearing future 7 days adhering to holiday break meltdown
John and Lori Ingoldsby, who drove to Denver following the 1st leg of their flight on Southwest Airways was canceled, hold out for a flight to end their trip at Denver Global Airport on December 28, 2022 in Denver, Colorado. Michael Ciaglo | Getty Photos Southwest Airlines‘ chief running officer, Andrew Watterson, will deal with […]
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UPS and the Teamsters prepare for high-stakes talks with union contract set to expire
With United Parcel Service’s labor negotiations approaching, CEO Carol Tomé sounded confident on this week’s fourth-quarter earnings call that a “win-win-win” agreement would be reached before the end of July. But Tomé’s optimism comes as the Teamsters union, which represents more than 340,000 UPS workers, amps up pressure on the delivery giant. “There have been […]
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Biden administration expands EV tax credits in boost for Tesla, Cadillac, others
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT – The U.S. Treasury said Friday it is changing its definition of an “SUV” to make more electric vehicles from […]
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A long time-minimal unemployment fee is welcome news for Biden forward of Condition of the Union
U.S. President Joe Biden cheered positions figures produced Friday morning exhibiting the most affordable unemployment rate in nearly 54 yrs, pointing to the report as an additional illustration of that his insurance policies are working. “The past time the unemployment amount was that small was May perhaps 1969,” Biden claimed, talking from the White Household. […]
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China’s suspected spy balloon prompts Blinken to postpone Beijing excursion as Congress seeks solutions
WASHINGTON –U.S. Secretary of State Antony Blinken will postpone his journey to China future week adhering to a suspected Beijing-operated spy balloon looming above pieces of Montana. “Immediately after consultations with our interagency companions, as very well as with Congress, we have concluded that the ailments are not suitable at this second for Secretary Blinken to […]
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Activision Blizzard pays SEC $35 million to settle probe
Bobby Kotick, CEO of Activision Blizzard, attends the Allen & Firm Sunlight Valley Conference on July 8, 2022, in Sunlight Valley, Idaho. Kevin Dietsch | Getty Pictures News | Getty Photos Video recreation developer Activision Blizzard agreed to pay a $35 million settlement above costs it failed to manage “ample” place of work harassment reporting […]
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