Tesla is gearing up to release its second-quarter earnings report, with analysts’ expectations set at an earnings per share of 62 cents and revenue of $24.77 billion. Despite facing challenges in the first half of the year, such as staff reductions and declining vehicle deliveries, Tesla managed to exceed analysts’ predictions in certain areas. The
United Parcel Service recently reported lower-than-expected profit and revenue for the second quarter of the year, causing shares to drop by 7% in premarket trading. The company also revised its 2024 revenue guidance downwards, now expecting it to be approximately $93 billion, compared to the previous forecast of $94.5 billion. Additionally, UPS announced that full-year
Coca-Cola recently announced an increase in its full-year revenue outlook as the global demand for its beverages surged in the second quarter. The company now expects organic revenue growth of 9% to 10% for 2024, up from its previous forecast of 8% to 9%. Additionally, Coca-Cola raised its projection for comparable earnings growth to a
General Motors (GM) is gearing up to unveil its second-quarter results, with analysts forecasting earnings per share of $2.75 adjusted, and revenue amounting to $45.46 billion. This would represent an increase in revenue of 1.6% compared to the previous year, along with a substantial 44.2% rise in adjusted earnings per share. These figures are indicative
In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission has given the green light for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency. This move is expected to open up new investment opportunities for investors who want exposure to the rapidly growing digital asset space. Key Players in the
Warner Bros. Discovery recently informed the National Basketball Association (NBA) that it plans to exercise its matching rights for a package of games that were originally meant for another company. The target of the deal is the agreement between NBC and Amazon Prime Video, as per a reliable source. The company expressed its commitment to
As President Joe Biden exits the election scene, all eyes are on Vice President Kamala Harris, who is now the frontrunner for the Democratic nomination. While Harris has not yet provided a detailed outline of her economic agenda, experts predict that her tax policy proposals may mirror Biden’s stance on higher taxes for the wealthy
Berkshire Hathaway made a surprising move recently by trimming its massive Bank of America holding for the first time in over four years. This decision came after the bank’s strong performance in 2024. Warren Buffett’s conglomerate sold 33.9 million shares of Bank of America in separate transactions, totaling almost $1.5 billion. The average selling price
McDonald’s decision to extend its $5 value meal promotion beyond the initial four weeks in most of its U.S. markets has proven to be a successful strategy. According to a memo obtained by CNBC, 93% of McDonald’s restaurants have voted to extend the promotion past its original end date. The majority of locations will continue
Ryanair, a leading budget airline, faced a significant setback as its quarterly profit after tax plummeted by 46% compared to the same period last year. The company reported a profit of 360 million euros in the three months ending in June, a stark decline from 663 million euros in the previous year. This decline was