Shares of Ford Motor Co. F, +1.59% dropped 3.5% in premarket trading Friday, putting them on track for their first loss in 11 sessions, to snap a record-long win streak. Read more
Tag: GM
Biden at COP27 on firmer footing, but world wants U.S. to lead on pollution cut
President Joe Biden addressed the U.N. climate summit Friday with his Democratic party having survived a projected Republican “red wave” in the midterm elections — and in doing so protecting Read more
‘I own the responsibility for why everyone is in this situation’: Twitter founder Jack Dorsey apologizes for layoffs
Twitter founder and former chief executive, Jack Dorsey, on Saturday apologized for layoffs involving about 50% of the social media platform’s staff, announced by new owner, Elon Musk on Friday. Read more
Elon Musk slashing jobs at Twitter to avoid $700M loss next year: sources
Elon Musk’s drastic decision to lay off half of Twitter’s workforce on Friday was driven by the company’s dire finances — with the now-private company on track to lose $700 million in Read more
GM temporarily pauses paid advertising on Twitter following Elon Musk takeover
General Motors Co. GM, +1.81% is pausing its paid advertising on Twitter in the wake of Elon Musk’s acquisition of the social-media site, saying it wants more information about the site’s direction under its Read more
GM stock rises after company beats on earnings amid ‘challenging environment’
Shares of General Motors Co. were moving higher in premarket trading Tuesday after the automotive company easily topped profit expectations for the latest quarter but fell slightly short on revenue. Read more
Ford already ‘bit the proverbial bullet’ ahead of earnings, but GM results could go either way
Ford Motor Co.’s third-quarter earnings report shouldn’t be too dramatic since the company already warned about rising costs and inventory problems, but General Motors Co.’s report could be a different Read more
Ford stock is now a ‘sell’ at UBS as an oversupply problem looms
Shares of Ford Motor Co. were hit hard Monday by UBS analyst Patrick Hummel’s recommendation that investors sell, as the auto industry is facing a worrisome U-turn from undersupply to Read more
Ford stock is now a ‘sell’ at UBS as an oversupply problem looms
Shares of Ford Motor Co. were hit hard Monday by UBS analyst Patrick Hummel’s recommendation that investors sell, as the auto industry is facing a worrisome U-turn from undersupply to Read more
Car-related stocks take it on the chin, with declines of up to 25% in one day
U.S. stocks sold off again on Thursday, with CarMax and several vehicle manufacturers and parts makers among the worst performers. The S&P 500 SPX fell 2.1% for the session to Read more