BorgWarner Q2 revenue rises amid spinoff, acquisitions
BorgWarner's net earnings fell 5.5 percent to $204 million, but operating income surged 40 percent to $383 million from last year......»»
Michelle Pfeiffer cast in Yellowstone spinoff, show’s official title revealed
After months of speculation, it's now official. Michelle Pfeiffer will star in and executive produce the Yellowstone spinoff......»»
Openlane"s vehicle volume up 7%, revenue rises 3.6% in Q2
The CDK outage in June disrupted operations for some of Openlane's clients, which had a "small" impact on the company's second-quarter volume, its CEO said......»»
ACV Auctions says Q2 net loss widened to $17M, revenue rises 29%
ACV Auctions said the number of used vehicles sold by dealers and commercial auto companies on its wholesale marketplace platform grew 22 percent year over year......»»
Openlane"s vehicle volume up 7%, revenue rises 4% in Q2
The CDK outage in June disrupted operations for some of Openlane's clients, which had a "small" impact on the company's second-quarter volume, its CEO said......»»
Amazon deforestation rises for the first time in 15 months
Deforestation in Brazil's Amazon rainforest increased in July for the first time in 15 months, according to official data released Wednesday......»»
Honda quarterly profit rises to record high on strong U.S. sales, weak yen
Honda has been cashing in on a surge in demand for hybrids as fading subsidies weigh on sales of battery-electric vehicles globally. The weak yen is helping out, too. .....»»
Rivian Q2 net loss widens to $1.46 billion despite sales gains, cost cutting
Rivian said it ended the second quarter with $5.8 billion in cash and cash equivalents compared with $7.9 billion at the end of the 2023 calendar year. Revenue in the latest quarter was $1.16 billion, a 3.3 percent increase......»»
TrueCar"s Q2 net losses decrease thanks to higher dealer franchise revenue
The CDK cyberattacks caused some impact, but the vehicle listings company reduced losses, grew revenue and formally launched its enhanced TrueCar+ pilot......»»
Apple reports record Q3 2024 earnings with $85.78 billion in revenue
Apple has revealed its full earnings report for the fiscal third quarter of 2024. The company reported $85.78 billion in revenue during the three-month period, covering April, May, and June. Net profit for the quarter came in at $21.45 billion, and e.....»»
Tim Cook says Apple is spending more to get Apple Intelligence ready for launch this fall
Apple on Thursday announced the results of its third fiscal quarter of 2024, with $85.78 billion in revenue from April to June. The company’s sales grew by 5%, and it seems that its executives have high expectations for the future. That’s because.....»»
Yellowstone spinoff: Michelle Pfeiffer, Kurt Russell, others in talks to join cast
The upcoming Yellowstone spinoff is eyeing Michelle Pfeiffer and Kurt Russell to join the series in leading roles......»»
AWS revenue growth soars once again as Amazon CEO calls for more AI
Amazon CEO Andy Jassy looks to up AWS capacity for AI even further......»»
CDK outage fuels 86% drop in Asbury Q2 net income
Lost business and one-time costs related to the CDK Global outage contributed to an 86 percent drop in Asbury's net income, though the retailer managed to post record revenue of $4.2 billion......»»
The worrying future of RAM and SSD pricing
There's a growing demand for DRAM and NAND Flash, and this means massive increases in revenue. It could also have a huge impact on pricing......»»
Russia releases former BorgWarner exec Paul Whelan and Wall Street Journal reporter in multinational prisoner swap
Whelan, a former Marine and BorgWarner manager, was arrested in Moscow in December 2018. He was found guilty of spying in 2020 and sentenced to 16 years in prison in 2020. .....»»
Russia agrees to release former BorgWarner exec Paul Whelan and Wall Street Journal reporter in prisoner swap, report says
Whelan, a former Marine and BorgWarner manager, was arrested in Moscow in December 2018. He was found guilty of spying in 2020 and sentenced to 16 years in prison in 2020. .....»»
Mobileye slashes annual forecasts on uncertain demand; shares fall
Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered from a sales slump brought on by a global auto inventory glut......»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
Russia releases former BorgWarner exec Paul Whelan and Wall Street Journal reporter in prisoner swap, report says
Whelan, a former Marine and BorgWarner manager, was arrested in Moscow in December 2018. He was found guilty of spying in 2020 and sentenced to 16 years in prison in 2020. .....»»
Analysts expect modest growth in today’s AAPL Q3 2024 earnings report
AAPL Q3 2024 earnings will be revealed by the company later today, and Wall Street expects the company to report modest year-on-year sales growth of 2.3%. As is now standard, Apple didn’t offer any official revenue guidance for the quarter, but.....»»