Ford’s attempt to electrify its revenue through electric vehicle production has been a swing and a miss. In response to the decreasing market for EVs, Ford has begun cutting orders from its battery supplies, according to Bloomberg. Even though this changeup will be beneficial in the long run, Ford will not come out of its […]
TOKYO (AP) — SoftBank Group trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as its investment losses declined, the Japanese technology company said Monday. Annual sales at Tokyo-based SoftBank Group Corp. rose 2.8% to 6.76 trillion yen ($43 billion). Losses […]
LONDON (AP) — Britain’s governing Conservative Party is suffering heavy losses as an array of election results pour in Friday, piling pressure on Prime Minister Rishi Sunak ahead of a U.K. general election in which the main opposition Labour Party appears increasingly likely to return to power after 14 years. Labour won control of councils […]
NEW YORK — U.S. stocks are falling Tuesday after the latest hotter-than-forecast reading on the economy raised more worries about inflation and interest rates staying high. The S&P 500 was 0.7% lower in afternoon trading and on track to close out its first losing month in the last six. It’s lost momentum since setting records […]
SAN FRANCISCO — DoorDash‘s revenues and orders exceeded expectations for the fourth quarter, although its net losses failed to shrink as quickly as Wall Street had hoped. The San Francisco delivery company said Thursday that its revenues rose 27% to $2.3 billion in the October-December period, slightly exceeding the $2.25 billion analysts had projected. Total […]
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