Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC As a result, it’s postponing about $12 billion in planned spending on new EV manufacturing capacity. Customers’ reluctance to pay extra for EVs has complicated Ford’s ambitious and expensive plans… Continue reading Ford will postpone about $12 billion in EV investment as buyers become more cautious
Tag: Financial Results
Hertz pulls back on EV plans citing Tesla price cuts, high repair costs
Tesla Model 3 electric vehicles at a Hertz airport location. Photo by E.R. Davidson Hertz is pumping the brakes on plans to electrify more of its rental car fleet after EV repair costs came in higher than the company anticipated, and after Tesla price cuts reduced the resale value of the majority of electric cars… Continue reading Hertz pulls back on EV plans citing Tesla price cuts, high repair costs
Ford misses Wall Street’s Q3 expectations, pulls guidance due to UAW strike, pending deal
2024 Ford F-150 Raptor Ford DETROIT — Ford Motor on Thursday missed Wall Street’s third-quarter expectations, as it restructures its operations and regroups following the end of a nearly six-week U.S. labor strike that in total has cost the company $1.3 billion. Shares of the company fell about 4% in after-hours trading. Due to the… Continue reading Ford misses Wall Street’s Q3 expectations, pulls guidance due to UAW strike, pending deal
Here’s what we think about Ford stock after tentative UAW deal and ahead of 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 Thursday’s key moments. 1. Stocks were having another down day, led lower again by the mega-cap tech names. Jim Cramer said Thursday it’s the S & P Oscillator pointing to an oversold market… Continue reading Here’s what we think about Ford stock after tentative UAW deal and ahead of earnings
Optical Satellite Market worth $4.1 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Oct. 25, 2023 /PRNewswire/ — The Optical Satellite Market is valued at USD 2.0 billion in 2023 and is projected to reach USD 4.1 billion by 2028, at a CAGR of 15.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. The optical satellite market is a subset of the satellite and technology… Continue reading Optical Satellite Market worth $4.1 billion by 2028 – Exclusive Report by MarketsandMarkets™
Global Dry Eye Treatment Devices Market Report 2023: MGX Technology Held the Largest Market Share with 41.2% in 2022 – Market to Reach $537.5 Million by 2030
DUBLIN, Oct. 26, 2023 /PRNewswire/ — The “Dry Eye Treatment Devices Market Size, Share & Trends Analysis Report By Technology (MGX, Combination (MGX+IPL)), By End-use (Hospitals, Ophthalmic Clinics), By Region, And Segment Forecasts, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering. The global dry eye treatment devices market size is expected to reach… Continue reading Global Dry Eye Treatment Devices Market Report 2023: MGX Technology Held the Largest Market Share with 41.2% in 2022 – Market to Reach $537.5 Million by 2030
Old Point Releases Third Quarter 2023 Results
HAMPTON, Va., Oct. 26, 2023 /PRNewswire/ — Old Point Financial Corporation (the Company or Old Point) (NASDAQ “OPOF”) reported net income of $1.4 million and earnings per diluted common share of $0.27 for the third quarter of 2023 compared to net income of $2.5 million and earnings per diluted common share of $0.51 for the… Continue reading Old Point Releases Third Quarter 2023 Results
Arrow Declares December 2023 Cash Dividend; Announces Resumption of Dividend Reinvestment Plan and Expansion of Its Stock Repurchase Program
GLENS FALLS, N.Y., Oct. 26, 2023 /PRNewswire/ — The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on October 25, 2023, declared a quarterly cash dividend of $0.27 per share payable December 15, 2023 to shareholders of record on December 1, 2023. This dividend marks the 42nd consecutive quarterly cash dividend declared by Arrow. With this dividend,… Continue reading Arrow Declares December 2023 Cash Dividend; Announces Resumption of Dividend Reinvestment Plan and Expansion of Its Stock Repurchase Program
89% of Ethnically/Socially Diverse Participants in Vivante Digestive Health Study Report Significant Symptom Improvement with Digital Program
Equivalent Outcomes across Ethnicity, Age, Gender and BMI Show Ability to Promote Health Equity CHICAGO, Oct. 26, 2023 /PRNewswire/ — Nearly nine in 10 ethnically and socially diverse participants with chronic digestive ailments reported major symptom improvements within three months of using a digital digestive chronic care program, according to a Vivante Health study presented at… Continue reading 89% of Ethnically/Socially Diverse Participants in Vivante Digestive Health Study Report Significant Symptom Improvement with Digital Program
Humble & Fume Inc. Announces 2023 Fiscal Fourth Quarter and Full Year Financial Results, Demonstrating Resilient Growth and Strategic Cost Reduction
TORONTO, Oct. 26, 2023 /PRNewswire/ – Humble & Fume Inc. (CSE: HMBL) (OTC Pink: HUMBF) (“Humble” or the “Company”), a leading North American distributor of cannabis and cannabis accessories, reported its fiscal fourth quarter and full-year financial results for 2023, showcasing strong performance and a strategic focus on cost efficiency. Key Highlights: Sales increased by… Continue reading Humble & Fume Inc. Announces 2023 Fiscal Fourth Quarter and Full Year Financial Results, Demonstrating Resilient Growth and Strategic Cost Reduction