Lyft stock plunges nearly 15% on weaker than expected revenue forecast
Lyft may have a bumpy road ahead to recovery......»»
Magna expects $400 million revenue loss from Fisker production halt
Magna builds the Ocean EV for Fisker. Magna said it is monitoring the situation and "will evaluate opportunities to further mitigate impact on our business.”.....»»
Kia EV9 GT expected to launch in January
During its CEO Investor Day last month, Kia said it would start releasing GT variants of its dedicated EVs......»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
Lucid to report Q1 earnings amid cash burn, waning EV growth
The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year......»»
NOAA reports continued drop in overfishing
In a report released May 2, NOAA Fisheries announced that 2023 saw a record low for the number of fish stocks subject to overfishing. The annual "Status of the Stocks" report is an assessment of the 506 stocks and stock complexes managed by NOAA Fish.....»»
Apple Q2 2024 earnings brought to life by Six Colors, with video too
Yesterday saw the announcement of the Apple Q2 2024 earnings report, which were pretty much exactly as expected – revenue coming in at $90.75B against Wall Street expectations of $90.1B. As usual, Six Colors has brought the numbers to life with.....»»
What did we learn from Tim Cook’s comments yesterday?
There were no surprises in Apple’s earnings report yesterday, with the company reporting close to the $5B year-on-year fall in revenue it had warned us to expect. Analysts got their usual chance to question CEO Tim Cook and chief financial offic.....»»
Carvana CEO Ernie Garcia and his father make $11 billion in 3,000% stock rebound
The one-day surge in Carvana shares pushed the older Garcia’s fortune to $10.9 billion from a 2022 low of $3.1 billion, while his son’s net worth climbed to $3.8 billion, according to the Bloomberg Billionaires Index......»»
Apple not making major AI news at upcoming product event, WWDC still expected venue [Updated]
Update: It turns out Tim Cook was misunderstood in the CNBC story. The full quote in context does not imply an AI software announcement at next week’s hardware event, although Apple does infuse its silicon with AI readiness. Here’s the full quote.....»»
Tim Cook says DOJ antitrust lawsuit against Apple is ‘misguided’
Apple on Thursday announced its earnings for the second fiscal quarter of 2024, slightly beating expectations with $90.75 billion in revenue. During an interview, Cook also took a moment to talk about the US Department of Justice’s (DOJ) antitrust.....»»
Apple’s Q2 2024 earnings reveal a drop in iPhone, iPad sales
Services growth looked rosy as Apple's hardware revenue in China slowed. Enlarge / The Apple Park campus in Cupertino, California. (credit: Anadolu Agency | Getty) Apple's earnings report for the second quarter of the co.....»»
Apple announces Q2 2024 earnings, slightly beating expectations with $90.75 billion revenue
Apple has disclosed its fiscal year 2024 Q2 earnings results. The company reports $90.75 billion in revenue during the three-month period, dropping 4.31% year over year. Analysts expected revenue around $90.33 billion. Apple netted $23.64 billion i.....»»
Apple charms investors with record $110B stock buyback, dividend hike
Alongside disclosing its earnings for Q2 2024, Apple also announced that it is increasing the dividend it pays to shareholders by 4%, and is also buying back more stock in one program than ever before.Apple ParkDuring its quarterly earnings report, A.....»»
Apple reversed its stock trajectory for the year in 30 minutes
Apple stock was having a tough year after some early gains — until investors erased the loss after Thursday's earnings report.Apple's share price has risen following its latest earnings reportInvestment firm Bernstein was right when it told clients.....»»
Tech supplier Aptiv lowers sales forecast, reduces equity interest in JV with Hyundai
Under the agreement with Hyundai Motor Co., Aptiv will not be required to fund the joint venture in the future, while Hyundai will provide additional funding......»»
BorgWarner generates higher revenue, earnings as demand grows for hybrids
Detroit automakers such as GM have plans to bring back hybrids to the market, feeding customer demand for a bridge to all-electric powertrains. BorgWarner's CEO kept details around hybrid quoting activity close to the vest......»»
Precipitation may brighten Colorado River"s future, says modeling study
The Colorado River's future may be a little brighter than expected, according to a new modeling study from CIRES researchers. Warming temperatures, which deplete water in the river, have raised doubts the Colorado River could recover from a multi-dec.....»»
Toyota sales rise 14%; Honda edges up; Hyundai, Kia slip in April
U.S. light-vehicle sales are expected to drop about 2 percent in April, reflecting one less selling day than a year earlier and weaker fleet shipments, analysts say......»»
Tomorrow’s AAPL Q2 earnings likely to be $5B down
AAPL Q2 earnings are set to be announced tomorrow, and the company had already warned that we should expect a year-on-year revenue drop of around $5B. Analysts expect the same thing, and the outlook for Q3 isn’t expected to be any better, so in.....»»
Here’s a taste of Apple’s AI plans
Apple is expected to introduce new AI features in iOS 18, and a new report has revealed some of those changes to Safari. The post Here’s a taste of Apple’s AI plans appeared first on Phandroid. It’s no secret that Apple plans to inte.....»»