South Africans are voting and many are hoping for a change as momentous as Mandela’s rise
During previous election cycles, South Africans had said they took it for granted that the…
After Hours Market Movers: Dexcom, Coursera, Deckers Outdoor and More
Here are some stocks that saw significant moves in after-hours trading: Dexcom Dexcom shares jumped after their quarterly earnings report beat Wall Street expectations. The company, known for its continuous glucose monitoring systems, reported stronger-than-expected revenue growth, fueling investor optimism and sending the stock up 7%. Lane Online learning platform Coursera saw its shares rise…
Stellantis reports significant drop in first-half earnings due to weak U.S. sales
Stellantis, the multinational automaker behind brands including Jeep, Dodge and Chrysler, announced a 48% drop in net profit for the first half of 2024, mainly due to declining sales and production issues in the U.S. market. The company reported net income of €5.6 billion ($6.07 billion) in the first six months, down significantly from the…
Corey LaJoie to Leave Spire Motorsports After 2024 Season
Corey LaJoie, currently 28th in the NASCAR Cup Series standings, will not return as the driver of the No. 7 Spire Motorsports car at the end of the 2024 season. LaJoie, who has a contract with Spire Motorsports through next year but is now free to explore other opportunities, confirmed the news to FOX Sports,…
Why a Historically Reliable Recession Indicator May No Longer Be Accurate
Wall Street’s most reliable recession indicator started signaling trouble in 2022 and hasn’t stopped since, but so far it has proven wrong every time. The yield on 10-year Treasuries has been lower than that of many shorter-term bonds, a scenario known as an inverted yield curve, which has historically preceded nearly every recession since the…
Ford Reports Significant Revenue Drop Due to Warranty Issues
DETROIT — Ford Motor Company fell significantly short of Wall Street expectations for second-quarter earnings, despite beating revenue forecasts, as long-running warranty issues plague the automaker. Here’s how the company performed against analyst estimates reviewed by LSEG: Earnings per share: 47 cents adjusted vs. 68 cents adjusted expected Automotive revenue: $44.81 billion vs. $44.02 billion…