Carvana says it expects adjusted profit of more than $50M in Q2; shares surge 49%
The announcement sparked a rally for Carvana shares on Wall Street on Thursday. Shares rose 49 percent in afternoon trading......»»
Elon Musk says Tesla is an AI company now. Here’s how plausible that is.
As Tesla's core business starts to falter, CEO Elon Musk has robot fever. Enlarge (credit: Aurich Lawson | Getty Images) When Tesla recorded its first annual profit in 2020, it had done something fairly remarkable. Start.....»»
Apple stock getting hammered after international market crashes
Following both news of Berkshire Hathaway's selling over half its holdings in the company, and a wider fear of recession taking a steep toll on international stock markets, Apple shares took a steep dive as trading began on Monday.Warren Buffett [Ber.....»»
Subaru production, profits undercut in latest quarter by fatal plant accident in Japan
The export-dependent carmaker still managed to eke out a profit thanks to hefty windfall gains from favorable foreign currency fluctuations......»»
Astronaut shares dazzling star-filled video from the space station
Check out this dazzling star-filled time-lapse created by NASA astronaut Matthew Dominick on the International Space Station......»»
After slowdown last year, Carvana could again hit 400,000 used-vehicle sales in 2024
Carvana is starting to grow again and moving to capture used-vehicle market share, CEO Ernie Garcia said......»»
Berkshire Hathaway unloaded more than half of its Apple stock last quarter
In a surprise move, in the second quarter of 2024, Warren Buffett's Berkshire Hathaway made the biggest sale of Apple in years, unloading around 400 million shares and missing the post-WWDC stock peak.Tim Cook and Warren Buffett in Apple ParkIn Decem.....»»
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.....»»
Record-breaking $75 million ransom paid to cybercrime group
Ransomware attacks have reached new heights of ambition and audacity over the past year, marked by a notable surge in extortion attacks, according to a Zscaler. The findings from the report uncovered a record-breaking ransom payment of $75 million to.....»»
Lithia increases stake in Pinewood DMS company to more than 25%
Lithia Motors Inc. now owns more than a quarter of the U.K. dealership management system provider Pinewood Technologies following purchases of nearly 5 million shares in the months since its initial minority investment......»»
Seating supplier to cut jobs in Detroit after truck discontinuation
Bridgewater Interiors LLC is planning to lay off 63 employees at its Detroit plant after Stellantis NV discontinues the Ram 1500 Classic. The seating supplier said it expects to make the permanent cuts by the end of September, according to a WARN.....»»
Meta’s next AI model to require nearly 10 times the power to train
Mark Zuckerberg expects the compute requirements for next year's Llama 4 to be "10 times" that of last month's Llama 3......»»
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......»»
VW Group profit falls on restructuring charges, lower deliveries
At VW's so-called core group, which consists of the VW, Skoda and Seat brands, profitability dropped to 5 percent......»»
Hybrids, currency windfalls help Toyota extend record profit momentum
Gasoline-electric hybrid cars helped bolster Toyota earnings in the latest quarter because hybrids typically have bigger margins and sell for higher prices......»»
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.....»»
Carvana Q2 net income swings to $48 million; revenue up 15%
The online used-vehicle retailer said it sold 101,440 used vehicles in the second quarter, up 33 percent from the year-earlier period......»»
Carvana"s "mousetrap": Analysts expect higher Q2 sales and room to seize more
Carvana could top Wall Street's expectations for a 3 percent quarter-over-quarter sales volume increase, BTIG analyst Marvin Fong wrote......»»
Sports partnerships with not-for-profits show lackluster results, study finds
Partnerships between professional sports teams and not-for-profit organizations (NPOs) are often weakened by power imbalances, informality and a lack of strategic intent, according to new research led by RMIT University......»»
SpaceX shares dramatic Starship engine test footage ahead of 5th flight
SpaceX has shared dramatic slow-motion footage of a ground-based engine test involving the Starship spacecraft ahead of its fifth test flight......»»
Elon Musk shares animation showing Starship catch and stack
SpaceX boss Elon Musk has shared an animation showing how two giant mechanical arms will try to catch the Starship rocket at the end of its next test flight......»»