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Exclusive-Ford CEO tells employees Chinese automakers could enter US market in next decade
Reuters10d agoneutral
Exclusive-Ford CEO tells employees Chinese automakers could enter US market in next decade

DETROIT, July 30 (Reuters) - Ford CEO Jim Farley told employees in a town hall on Thursday that the company is preparing for the possibility that Chinese automakers could enter the American market in the ‌next five to 10 years, even though the country has erected numerous trade barriers to cars from China, ‌according to three people who viewed the meeting. Farley has been among the most vocal about how competitive Chinese auto giants like BYD are in the industry.

Don't Expect a Big Stock Move After Apple's Earnings
Barrons.com10d agoneutral
Don't Expect a Big Stock Move After Apple's Earnings

Apple isn't a particularly volatile stock, and that will likely hold true after Thursday's earnings report. The stock hasn't swung by more than four percentage points after earnings since May 2024, even after some stellar results. A year ago, Apple beat estimates for earnings per share by 9.1%, and shares slipped 2.5% in response.

Wall Street week ahead: monthly jobs report, McDonald's and SpaceX earnings
Associated Press10d agoneutral
Wall Street week ahead: monthly jobs report, McDonald's and SpaceX earnings

Corporate earnings from big U.S. companies and closely-watched jobs reports are among the key updates for Wall Street this week. The latest batch of profit updates and forecasts could help give investors a clearer picture of how and where households are spending money amid stubbornly high inflation. Bleach and household products maker Clorox and hotel operator Marriott International report their latest results on Monday.

US stocks, bitcoin gain since Fed held rates steady at July FOMC meeting
Yahoo Finance Video10d agoneutralVIDEO
US stocks, bitcoin gain since Fed held rates steady at July FOMC meeting

Scott Melker discusses the Federal Reserve's latest decision to hold interest rates steady, examining Fed Chairman Kevin Warsh's remarks and how US stocks (^DJI, ^IXIC, ^GSPC) and crypto like bitcoin (BTC-USD) have reacted. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Meta stock poised for a new losing streak: Earnings call takeaways
Yahoo Finance Video10d agoneutralVIDEO
Meta stock poised for a new losing streak: Earnings call takeaways

Meta (META) stock continues to plunge after the company reported its second quarter earnings results on Wednesday. Yahoo Finance Technology Editor Dan Howley and BD8 Capital Partners CEO and CIO Barbara Doran chat with Morning Brief host Julie Hyman about the results, the stock reaction, and their outlook for Meta.

Bloomberg10d agoneutral
Womenswear Firm Reformation Opens Flat After $210.9 Million IPO

(Bloomberg) -- Reformation Inc., a sustainable womenswear brand backed by private equity firm Permira, opened at its IPO price in its trading debut Thursday, after the company raised $210.9 million in a listing that priced at the bottom of its marketed range.Most Read from BloombergUS Strikes Iran Again as Conflict Spreads Across Middle EastWarner Bros. Deal Collapse Would Cost the Ellisons $9.8 BillionBond Yields at 19-Year High Send Warsh Credibility WarningMeta Falls After Defending AI Bets t

Reuters10d agoneutral
Satellite maker K2 Space secures $6.8 billion valuation in new funding round

K2 Space said on Thursday it raised $500 million in a new funding round that valued the company at $6.8 billion, ‌more than twice the valuation at its December round, as the ‌company prepares to increase production of large, high-power satellites. Kleiner Perkins and ICONIQ led the round, ​and were new investors in the satellite maker along with Alphabet's venture fund CapitalG. • The funding brings K2's total capital raised to more than $1 billion, ​the company ​said.

FTAI Aviation Q2 Earnings Call Highlights
MarketBeat10d agoneutral
FTAI Aviation Q2 Earnings Call Highlights

FTAI Aviation (NASDAQ:FTAI) reported second-quarter adjusted EBITDA of $291.4 million as its Aerospace Products business expanded production and market share, while the company continued shifting its aviation leasing operations toward a more asset-light strategic-capital model. Chief Executive Offi

Microsoft and Meta boost AI spending, but only one stock pays the price
Yahoo Finance Video10d agoneutralVIDEO
Microsoft and Meta boost AI spending, but only one stock pays the price

Scott Melker discusses the Federal Reserve's latest decision to hold interest rates steady, Meta (META) and Microsoft's (MSFT) increasing AI expenses, but only one stock is getting punished. Meanwhile, bitcoin (BTC-USD) continues to hover around $64,000, Melker explains why the cryptocurrency's resilience is a bullish sign despite the broader market uncertainty. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Bloomberg10d agoneutral
‘Talk Is Cheap’: Wall Street Delivers Harsh Verdict on Warsh Fed

(Bloomberg) -- It had been just six weeks since Federal Reserve Chairman Kevin Warsh vowed to reestablish the central bank’s reputation as an inflation fighter. But as he took to the podium to explain why the Fed again sat on the fence Wednesday — and held interest rates steady even as consumer prices keep rising far faster than its target, month after month — Wall Street analysts found the message far from reassuring.Most Read from BloombergUS Strikes Iran Again as Conflict Spreads Across Middl

Norwegian Cruise Line Faces Soft Demand, Trims Guidance
The Wall Street Journal10d agoneutral
Norwegian Cruise Line Faces Soft Demand, Trims Guidance

The less-optimistic outlook reflects softer booking patterns, related in part to the conflict in the Middle East but also to efforts to overhaul the company’s marketing and revenue management. Norwegian said those factors will contribute to a nearly 5% decline in its net yield, suggesting that a more cost-conscious approach isn’t making up for the fact that ships aren’t filling with enough passengers.

Meta's AI Spending Faces Wall Street Test
Bloomberg10d agoneutralVIDEO
Meta's AI Spending Faces Wall Street Test

Meta's AI spending is under intense scrutiny after a softer outlook. MoffettNathanson analyst Michael Nathanson explains why investors no longer want promises they want proof. Michael Nathanson joins Bloomberg Open Interest to break down Meta's unclear AI infrastructure strategy, the risk of massive capex, and why the company's metaverse history is making Wall Street far less patient this time. Correction: This video has been edited to update a graphic with correct analyst disclosures.

Microsoft's Post-Earnings Pop Offsets Dow Laggards
Barrons.com10d agoneutral
Microsoft's Post-Earnings Pop Offsets Dow Laggards

The Dow is up on the day despite 21 of its components trading lower. The nine components in the green were doing the heavy lifting, driving the blue chip index's 0.3%, or 151 point, rise. One of the Dow's heaviest-weighted components saw gains that helped offset the majority of underlying stocks falling.