Luke Sharrett | Bloomberg | Getty Images A worker assembles a vehicle at the BMW plant in Greer, South Carolina. Shares of automakers fell Wednesday after BMW warned of lower profits, citing international trade tension and the potential impact of Brexit as possible drags on global economic growth. BMW executives said the industry faces a…
Facebook stock is now about 27 percent lower than its July all-time high, and Street sentiment — as measured by the number of hold and sell ratings — is the most bearish it's been since 2013, based on FactSet estimates. While growing skepticism can sometimes be a good contrarian indicator, Strategic Wealth Partners' Mark Tepper…
FedEx reported weaker-than-expected third-quarter earnings and revenue after the closing bell on Tuesday, and cut its full-year guidance. Shares fell more than 4 percent in after-hours trading. Despite a strong U.S. economy, FedEx said its international business weakened during the second quarter, especially in Europe. FedEx Express international was down due primarily to higher growth…
This big new White House report isn't a comic book — but some of the names in it belong in one. A list of "student interns" who worked on President Donald Trump's new "Economic Report of the President" includes the names of Batman, Spider-Man and Captain America's alter egos, "Monty Python" cast member John Cleese,…
Insta360, a Chinese firm that sells cameras able to film 360-degree video, said on Wednesday it had raised $30 million in funding and its CEO told CNBC the company is planning to go public in 2020. "We plan on an IPO in 2020 and take on new investments from the public market so we can…
One Wall Street firm is recommending its clients buy Lyft weeks before that's even possible. The second-most popular ride-hailing app is gearing up to list on the Nasdaq at the end of March. According to its regulatory filing, Lyft expects to be valued at $20 billion. Montana- based firm D.A. Davidson isn't waiting until shares,…
Check out the companies making headlines after the bell: Shares of FedEx fell more than 5 percent in extended trading Tuesday following the release of the logistic company's disappointing third-quarter earnings and weak full year outlook. FedEx posted earnings per share of $3.03 on revenue of $17.01 billion. Wall Street estimated earnings per share of…
The company said it expects fourth-quarter earnings per share between $4.58 and $5.38, compared to the estimated $5.39. "Slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue," said Alan B. Graf, Jr., FedEx executive vice president and chief financial officer. CEO…
Shares of Altria dropped 2.5 percent in a sudden move after Food and Drug Administration Commissioner Scott Gottlieb said a meeting last week with the company and its e-cigarette investment Juul was "difficult." Gottlieb said he did not come away with any evidence that public health concerns drove Altria's decision to invest in Juul, and…
Analysis by legal research firm Plainsite found at least 38 securities actions filed against Tesla or Elon Musk (or both) since 2010, the year the company went public. Plainsite – which founder Aaron Greenspan describes as a "legal transparency initiative" – scans public records across the US legal system to document the volume and types…
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