Participants Frederic B. Lissalde; President, CEO & Director; BorgWarner Inc. Kevin A. Nowlan; Executive VP & CFO; BorgWarner Inc. Patrick Nolan; VP of IR; BorgWarner Inc. Adam Michael Jonas; MD; Morgan Stanley, Research Division Colin M. Langan; Senior Equity Analyst; Wells Fargo Securities, LLC, Research Division Daniel Murphy Emmanuel Rosner; Director & Research Analyst; Deutsche… Continue reading Q1 2023 Borgwarner Inc Earnings Call
Tag: Morgan
Carvana shares soar on upbeat forecast, short squeeze
May 5 (Reuters) – Carvana Co’s (CVNA.N) shares soared as much as 55% on Friday after the struggling online used-car retailer’s surprise second-quarter profit forecast caught bearish investors on the wrong foot. Carvana endured a turbulent 2022 as the company struggled to offload used cars purchased at higher prices during the pandemic due to weak… Continue reading Carvana shares soar on upbeat forecast, short squeeze
Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Fed decision day Sit tight on Estee Lauder Earnings roundup: AMD, SBUX, F 1. Fed decision day Equities were mixed Wednesday morning ahead of the Federal Reserve’s announcement on interest… Continue reading Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup
New HBCU Science and Technology Council Established at Universities Space Research Association
WASHINGTON, May 3, 2023 /PRNewswire/ — Universities Space Research Association (USRA) is proud to announce the establishment of a new Council – the Historically Black Colleges and Universities Science and Technology Council (HBCU S&T Council). This Council aims at fostering more collaborative opportunities for R&D in space-related disciplines between USRA, HBCU faculty and students, and… Continue reading New HBCU Science and Technology Council Established at Universities Space Research Association
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May 3 (Reuters) – Jack Dorsey-led Block Inc’s (SQ.N) first-quarter results will likely see investors zoom in on the payments firm’s Cash App business following U.S. short-seller Hindenburg Research’s allegations including inflated user count. Morgan Stanley analysts in April said that some bearish investors remain uncertain about the amount of gross profit that is generated… Continue reading Untitled
From the archive: on this day in 1970
In a monumental effort, we gathered all the sports cars and GTs on sale for a mega-test at a stormy Silverstone. Well, all apart from those of Ferrari, Maserati and Lamborghini (too arrogant), Lancia and Mercedes-Benz (busy) and Morgan (forgetful). Category one of six was exotic GTs. Aston Martin’s DB6 and DBS worked wonders and… Continue reading From the archive: on this day in 1970
Zoomcar turns unit-profitable with new business model, to expand fleet to 60,000 cars in 2023
Zoomcar turns unit-profitable with new business model, to expand fleet to 60,000 cars in 2023 Bengaluru-headquartered self-drive rental start-up Zoomcar, which has transitioned to an asset-light, marketplace model where individuals are free to list their personal cars on its digital platform, has achieved unit profitability with this move. As a result, it now aims to… Continue reading Zoomcar turns unit-profitable with new business model, to expand fleet to 60,000 cars in 2023
Club meeting recap: Equities under pressure, Morgan Stanley layoffs, earnings
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Equities under pressure Watch Morgan Stanley Earnings on deck 1. Equities under pressure Stocks fell Tuesday morning, with all three major U.S. benchmarks down more than 1% . The drop… Continue reading Club meeting recap: Equities under pressure, Morgan Stanley layoffs, earnings
Ford cutting price of electric Mustang Mach-E by thousands of dollars
Ford Mustang Mach-E is presented at the New York International Auto Show, in Manhattan, New York City, April 5, 2023. David Dee Delgado | Reuters DETROIT – Ford Motor is once again cutting the starting prices of its electric Mustang Mach-E by thousands of dollars, as the automaker increases production of the crossover and reopens… Continue reading Ford cutting price of electric Mustang Mach-E by thousands of dollars
Jim Cramer’s top 10 things to watch in the stock market Tuesday
1. DuPont (DD) delivers a first-quarter earnings beat Tuesday, with adjusted earnings-per-share (EPS) of 84 cents, compared with analysts’ forecasts of 80 cents per share. But the materials giant cut its full-year revenue forecast, sending shares nearly 5% lower in premarket trading. DuPont also says it’s agreed to buy Spectrum Plastics Group from AEA Investors… Continue reading Jim Cramer’s top 10 things to watch in the stock market Tuesday