New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot on October 03, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images DETROIT – The last time shares of Ford Motor dropped by more than 18% in a day, as they did last week, the U.S. automotive industry was on … Read more
Sopa Images | Lightrocket | Getty Images Cryptocurrencies rose to begin the final week of July as traders digested a slew of political developments that took place over the weekend and looked ahead to central bank meetings this week. Bitcoin was last higher by 2% at $69,640.00, according to Coin Metrics. Ether rose 3% to … Read more
In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Justin Sullivan | Getty Images Heineken shares opened nearly 7% lower on Monday, after the brewing giant’s first-half profit growth came in weaker than analysts had expected. The company’s stock was trading down 6.7% at 9:30 a.m. … Read more
The Philips office building in Warsaw, Poland, on July 29, 2021. Nurphoto | Nurphoto | Getty Images Shares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings. Shares pared gains slightly to trade up 10.4% by 8:50 a.m. London time. Comparable group sales rose … Read more
A McDonald’s restaurant is viewed on July 22, 2024 in Burbank, California. Mario Tama | Getty Images McDonald’s is expected to report second-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.07 expected Revenue: $6.61 billion expected The burger chain’s … Read more
When I was a cub reporter in Los Angeles, covering crime for the now-deceased Los Angeles Herald Examiner, we used to joke that we should never let the facts get in the way of a good story. It was a horrendous paper — don’t ask me what I was doing there other than booking a … Read more
Japan’s Mount Fuji seen in the Tokyo’s horizon on January 1, 2011. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets were set to kick-start the week higher on Monday with Nikkei 225 Chicago futures pointing to a 2% jump from the index’s last close, after a key U.S. inflation report late last Friday raised … Read more
The White House is seen in Washington, DC, on July 21, 2024. Samuel Corum | AFP | Getty Images Given the enormity of the political upheaval we’ve seen recently, traders would be right to wonder how the markets and economy will perform in 2025 as a new administration takes over next January. If only there … Read more
It was another tough week for the S & P 500 and Nasdaq despite Friday’s rally, which helped blunt some of the pain. The Dow and small-cap Russell 2000 were again the big winners as the rotation from market darlings to down-and-out names due for a catch-up trade continued. By sector, in this wild trading … Read more
Fears that OpenAI’s new search engine will challenge Google’s dominance in the near term are exaggerated, especially because Alphabet is already playing offense by integrating generative AI tools into its own platform. ChatGPT creator OpenAI on Thursday announced a prototype of its search engine, SearchGPT, in an effort to directly compete with Google Search. The … Read more
