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…
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…
Google parent company Alphabet reported its second-quarter results after the market closed on Tuesday, meeting analysts’ expectations for revenue and profit but falling short on YouTube advertising revenue. Following the announcement, Alphabet shares rose about 1% in after-hours trading. Here’s how the company performed against analyst estimates reviewed by LSEG: Earnings: $1.89 per share vs….
After Sunday’s snap legislative elections in France, the nation faces a deadlocked parliament and significant political uncertainty. No major political faction, left, center or right, has won an outright majority. The left-wing New Popular Front emerged as the leading group with 178 seats. President Emmanuel Macron’s centrist coalition followed with 150 seats, while Marine Le…
As President Biden and his team prepared to celebrate NATO’s 75th anniversary, starting Tuesday night in Washington, the goal was to project unity and confidence. The intention was to send a clear message to Russian President Vladimir Putin and other adversaries that, despite more than two years of war in Ukraine, NATO had become stronger…