As Ford Motor prepares to announce its first-quarter earnings after the markets close on Wednesday, there is anticipation surrounding the financial results. Analysts are projecting earnings per share of 42 cents adjusted and automotive revenue of $40.10 billion. These estimates represent a 2.6% increase in revenue from the previous year but a significant 32.9% decline
Business
E.W. Scripps, a prominent local TV broadcaster in the United States, is currently exploring the possibility of selling Bounce TV, its free over-the-air network catering to African American viewers. The decision to evaluate inbound interest in acquiring Bounce TV has been driven by the growing interest expressed by potential buyers, many of whom have approached
PepsiCo recently reported quarterly earnings that exceeded analysts’ expectations, despite facing weaker demand in the U.S. market. The company had to deal with challenges such as the Quaker Oats recall and backlash over higher prices for its products. While the company managed to beat revenue estimates, its shares still dropped by more than 2% in
General Motors made headlines on Tuesday as they exceeded Wall Street’s expectations for the first quarter of 2024. Despite losses in other regions, the automaker managed to boost its forecast for the year due to the strong performance of its North American operations. This news was welcomed by investors, leading to a more than 4%
In a recent announcement to its employees, Boeing revealed that it anticipates a delay in the ramp-up of production and deliveries of its new 787 Dreamliner planes due to shortages of critical parts from suppliers. This setback comes on the heels of a series of challenges that have plagued Boeing’s production lines, including quality problems
The U.S. Federal Trade Commission made a significant move on Monday by filing a lawsuit to block the $8.5 billion acquisition of Capri Holdings by Tapestry, the parent company of Coach and Kate Spade. This legal action has resulted in at least a temporary halt to a deal that would bring together six major fashion
The recent victory of the United Auto Workers (UAW) at the Volkswagen plant in Chattanooga, Tennessee, marks a significant achievement for the Detroit-based union. With 73% of the votes in favor of joining the UAW, the outcome of the labor organizing efforts could have far-reaching implications for the automotive industry in the United States. The
Express, a longtime mall retailer, recently filed for Chapter 11 bankruptcy protection, leading to the closure of several of its shops. However, a group of investors, spearheaded by brand management firm WHP Global, has stepped in to potentially save the company. The investor group, which includes WHP, Simon Property Group, and Brookfield Properties, has offered
The news of Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, leaving the company came as a surprise to many. LaBerge is departing from Disney to take on the role of CTO of PENN Entertainment, specifically focusing on ESPN Bet. The reason cited for his departure is personal, related to his family,
Recent research has shown that the increasing popularity of GLP-1 drugs is not only affecting consumers’ appetites but also their spending habits on food. A Morgan Stanley survey revealed that most individuals taking these medications are cutting back on dining out at restaurants and ordering takeout, resulting in a decrease in their food expenses. While