Volkswagen and Stellantis blamed the chip shortage for their disappointing results. "It was a challenging quarter," VW CEO Herbert Diess told CNBC's "Squawk Box Europe" Thursday. "Our volume brands suffered
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Ford to reinstate dividend in the fourth quarter
Ford Motor said it will reinstate its regular dividend in the fourth quarter, more than a year and a half after suspending the payments during the early days of the
Continue reading »Boston Beer tossed 'millions of cases' of Truly hard seltzer instead of discounting it, chairman says
Boston Beer Chairman Jim Koch told CNBC on Friday the company decided to throw away excess supply of Truly hard seltzer in response to a categorywide sales slowdown. "We were
Continue reading »Australian miner Fortescue's shares soar after reporting record profit
Fortescue on Monday reported full-year profits that hit a record high. It will be paying out total dividends of 3.58 Australian dollars per share – an increase of 103% compared
Continue reading »Earnings Previews: Campbell Soup, CrowdStrike
The week before the Labor Day holiday weekend is really just three days long. Even with the short week, however, there are only a few reports due this week. Of
Continue reading »Earnings Previews: Bath & Body Works, Cisco, Nvidia, Robinhood
After markets closed Monday, Roblox and Tencent Music reported results that were less than hoped for. In Tencent Music’s case, much less. Home Depot, Sea and Walmart reported results Tuesday
Continue reading »Facebook beats on earnings and revenue, but warns growth will slow in second half of the year
White House, Facebook team up on COVID ‘misinformation’ WSJ columnist Kim Strassel and author Vivek Ramaswamey discuss Big Tech concerns on ‘Kudlow’ Facebook's earnings beat analysts' expectations in the quarter,
Continue reading »Earnings Previews: Amazon, First Solar, T-Mobile
Now that three of the five largest U.S. traded companies have reported June quarter earnings, we are looking forward to the remaining two. One of those, Facebook, along with Ford,
Continue reading »Pfizer sells $7.8 billion in Covid shots in the Q2, raises 2021 guidance on vaccine sales
Pfizer said it sold $7.8 billion in Covid-19 shots in the second quarter and is raising its 2021 sales forecast for the vaccine to $33.5 billion from $26 billion as
Continue reading »Apple reports strong earnings thanks to iPhone sales, subscription services
More On: apple Elon Musk bashes Apple, journalists and critics after Tesla reports record profits World’s biggest iPhone factory unaffected by deadly floods in China Apple wants to lease Hollywood
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