Volkswagen’s ID.7 is set for release in Europe and China in the fall of 2023, and in North America in 2024. CNBC | Evelyn Cheng BEIJING — German automaker Volkswagen is investing about $1 billion in China for electric car development, and releasing a vehicle targeted at a higher end of the market. The company…
A CSX freight train is seen in Orlando. Paul Hennessy | Lightrocket | Getty Images Check out the companies making headlines in extended trading. CSX — The transportation company’s shares were up 2.6% after the company’s first-quarter earnings and revenue topped analysts’ expectations. CSX posted earnings of 48 cents per share and revenue of $3.71 billion.…
A sign marks the location of a Tesla dealership on April 19, 2023 in Schaumburg, Illinois. Scott Olson | Getty Images Check out the companies making the biggest moves in premarket trading: Tesla — The electric vehicle maker tanked about 7% after reporting net income and earnings that fell more than 20% from last year.…
Electric vehicles (EV) line up outside a Tesla dealership in Melbourne on April 19, 2023. William West | AFP | Getty Images Check out the companies making headlines after the bell. Tesla — Shares slid 3.6% after the electric vehicle maker said income and GAAP earnings tumbled more than 20% from the same quarter a…
Oakmark Funds’ Bill Nygren said he favors bigger banks in the financial sector, and the top value investor broke down why he particularly likes Charles Schwab. “I think bigger has been better in financials for a long time,” Nygren said on CNBC’s ” Squawk on the Street. ” “The economic advantage that those banks have just…
The U.S. Securities and Exchange Commission headquarters in Washington. Al Drago/Bloomberg via Getty Images In basic terms, this technique — common among financial planners — seeks to reduce or eliminate taxes owed on investment profits by offsetting them with losses from other investments. That might mean selling losing stocks to offset taxes on winners, for…
Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley on Wednesday topped estimates for first quarter profit and revenue on better-than-expected trading results. Here’s how the company did: Earnings of $1.70 per share, vs. $1.62 Refinitiv estimate Revenue…
City workers in Paternoster Square, where the headquarters of the London Stock Exchange is based, in the City of London, UK, on Thursday, March 2, 2023. Bloomberg | Bloomberg | Getty Images U.K. inflation unexpectedly remained in double-digits in March as households continued to grapple with soaring food and energy bills. The consumer price index…
LinkedIn has released its annual list of top companies in Singapore to work for — and banking and information technology companies dominated the 2023 list. The list of top companies also saw a huge reshuffle this year, which is a testament to “Singapore’s strong business ecosystem,” according to the professional networking platform. Compared to 2022,…
In this photo illustration the Netflix logo seen displayed on a smartphone screen, with graphic representation of the stock market in the background. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading. Netflix — The streaming giant’s shares gained less than 1% after dipping more than 10%…
