Font size Caterpillar earnings and sales for the second quarter beat Wall Street expectations. Bernd Lauter / AFP via Getty Images Caterpillar reported second-quarter numbers that beat Wall Street estimates. However, shares fell early Tuesday. Investors are worried about slowing sales from Cat dealers. Caterpillar (code: CAT) report $3.18 in adjusted earnings per share from … Read more
Amazon.com Inc. decided to cut back after years of pouring money into growth and resulting in a second straight quarter loss, but a sales beat and continued strong growth from Amazon Web Services helped propel Stocks edged higher in after-hours trading Thursday. Amazon AMZN, + 1.08% reported a second-quarter loss of $2 billion, or 20 … Read more
Investors reacted as if Wednesday’s Fed Chair Jerome Powell’s press conference was dovish, but many economists saw it as the hawks of the street. Here are some key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed raises interest rates to fight 41-year high inflation … Read more
Investors reacted as if Wednesday’s Fed Chair Jerome Powell’s press conference was dovish, but many economists saw it as the hawks of the street. Here are some key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed raises interest rates to fight 41-year high inflation … Read more
Font size Concerns about inflation and recession have weighed on investors. Ed Jones/AFP via Getty Images The stock market fell on Tuesday after Walmart warns that inflation will eat into its earnings as consumers’ spending habits change. By noon, Dow Jones Industrial Average fell 214 points, or 0.7%, while S&P 500 fell 1.2% and Nasdaq … Read more
Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, USA on April 26, 2022. REUTERS / Rebecca Cook / File Photo Sign up now for FREE unlimited access to Reuters.com Register DETROIT, July 21 (Reuters) – Ford … Read more
TAIPEI/SHANGHAI/SINGAPORE, July 19 (Reuters) – From his small office in Singapore, Kelvin Pang is ready to bet his $23 million payday that the worst chip shortages are not over yet for automakers – at least in China. Pang bought 62,000 microcontrollers, the chips that help control a range of functions from a car’s engine and … Read more
SEOUL, July 14 (Reuters) – Hyundai Motor Co (005380.KS) on Thursday launched its first electric sedan, the Ioniq 6, which the South Korean automaker is betting will help it capture a larger share of the electric vehicle (EV) market dominated by Tesla Inc. The Ioniq 6 is one of more than 31 electric vehicle models … Read more
Power lines are seen during a heatwave with an expected temperature of 102 F (39 C) in Dallas, Texas, U.S. June 12, 2022. REUTERS/Shelby Tauber/File Photo Sign up now for FREE unlimited access to Reuters.com Register HOUSTON, July 10 (Reuters) – Texas’ grid operator on Sunday urged state residents for a second time this year … Read more
Average ship age more than two years as of 2017 New emissions rules could force older ships to go slower 1/5 of ships are equipped with energy-saving equipment New ships and alternative fuels are the long-term solution LONDON, July 11 (Reuters) – If shipping is the beating heart of global trade, its pulse is about … Read more