Svitzer Shares Rise on Debut in Copenhagen
Shares in Svitzer moved sharply higher Tuesday, giving the Danish towage and marine-services provider an equity valuation of around $1 billion as it began trading in Copenhagen. The stock was priced ...
Stellantis Revenue Misses Forecasts on Lower U.S. Volumes, New Model Preparation — Update
As a group, the ramp-up of new models, including electric cars, weighed on results amid a changeover to new production platforms, Stellantis said. The carmaker released four of its planned 25 model ...
After Earnings, Is GE Aerospace Stock a Buy, a Sell, or Fairly Valued?
Ge Aerospace GE released its first-quarter earnings report on April 23. Here’s Morningstar’s take on GE Aerospace’s earnings ...
There’s No Evidence of a Retirement Crisis
The New York Times stretches too far. Last month, The New York Times printed an article about BlackRock BLK CEO Larry Fink, ...
Tesla: Full Self-Driving Approval In China Supports Our View for Deliveries Growth In 2024
On April 29, Tesla TSLA shares rose over 10% at the time of writing due to multiple outlets reporting that the company ...
U.S. Futures Fall, European Stocks Mixed Ahead of Fed Decision
In commodities, Brent crude rose 0.1% to $87.33 a barrel, and WTI crude climbed 0.1% to $82.71 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was up 0.9% to ...
Prudential PLC Sales Rose in Most Markets, Offsetting Weakness in Vietnam
Prudential PLC said that new business profit rose 11% in the first quarter of the year with growth in most markets, offsetting weakness in Vietnam. The insurance-and-investment business said Tuesday ...
Stellantis Revenue Falls Below Forecasts on Lower Volumes, New Model Preparations
The company said lower sales volumes contributed to the result, with consolidated shipments falling 10% to 1.3 million vehicles. Preparations for a wave of new models in the second half, including ...
Volkswagen Group Profit Slides on Lower Sales Volume, Higher Costs — Update
The group's operating result slid 20% to 4.59 billion euros ($4.92 billion), below expectations of EUR4.82 billion, according to a poll of analysts from FactSet. The operating return on sales margin ...
Adidas Posts Better-Than-Expected Profit —- Update
For 2024, the company confirmed its outlook, having raised it on April 16 after a successful start to the year. Adidas assumes that its remaining Yeezy inventory will be sold on average cost ...
SoFi Earnings: Revenue Growth Slows on Lower Loan Growth and Higher Credit Costs
SoFi Technologies SOFI reported first-quarter earnings roughly in line with our expectations, though the firm did see slower ...
China Vanke Shares Slump After Soft Results Amid Continuing Property Downturn
China's property sector is in a yearslong downturn, and supportive measures rolled out by policymakers have done little to boost home sales. In the latest effort to revive housing demand, Chengdu, the ...