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Payrolling In: Employment Report Shows Solid Gains, But Initial Market Reaction Muted
Friday, August 6, 2021 - 10:17am | 2116Read More...Did Goldilocks find the right bed with the July Labor Department’s strong jobs report? Fed Chairman Powell has said in the past that the Fed will need to see solid jobs growth before it starts to taper. Although we won’t know what the Fed might be thinking, this month’s jobs...
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GM's Record Q2 Operational Profit Dragged Down By Headwinds
Thursday, August 5, 2021 - 10:13am | 867Read More...General Motors (NYSE: GM) already had a hard job by having to follow up Ford Motors (NYSE: F), and Tesla Inc (NASDAQ: TSLA) who exceeded estimates with their earnings reports last week. It is also weathering a global semiconductor chip shortage, having confirmed three North American full-size...
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The EV Revolution Is Just Getting Started
Wednesday, August 4, 2021 - 10:06am | 817Read More...Tesla Inc (NASDAQ: TSLA) is still undoubtedly the EV king. But new entrants are coming and traditional automakers going all in to be able to participate in the EV race. General Motors (NYSE: GM) is reporting earnings this week and it has a tough task if it wants to follow up, let alone beat Tesla...
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Electrification Of The US Is Harder Than It Seems
Monday, August 2, 2021 - 10:13am | 865Read More...President Biden is determined in electrifying America's auto fleet electric. But the math behind a greener future is harder than it seems as it involves half of all vehicles sold in 2030 to be electric. The President will attempt to get carmakers to commit to reaching at least 40 percent...
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Ford Is Spring-Loaded For The EV Era
Thursday, July 29, 2021 - 5:19pm | 732Read More...On Wednesday and week before its Detroit-rival General Motors (NYSE: GM) scheduled its second-quarter earnings results, Ford Motors (NYSE: F) raised its outlook for the year after delivering a surprising second-quarter profit. Upon the news, its stock was up by about 4% in after-hours trading. Q2...
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Automakers Are Hitting The Accelerator In The EV Race
Friday, July 23, 2021 - 10:03am | 884Read More...On Thursday, Daimler AG (OTC: DDAIF) has officially hit the accelerator in the e-car race with Tesla (NASDAQ: TSLA), revealing it will invest more than 40 billion euros in EVs by 2030. From 2025, three new vehicle platforms will only make battery-powered vehicles. One will cover passenger cars and...
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Tesla Earnings: Record Q2 Deliveries, But Bitcoin Slump, Competition Concerns And Chip Shortages
Thursday, July 22, 2021 - 10:18am | 1390Read More...Tesla (NASDAQ: TSLA) announced record-breaking electronic vehicle (EV) deliveries in Q2 and has continued to outproduce competitors in the midst of a global microchip shortage. But it’s been a bit of a rough ride for the pioneering EV’s share price as competitors rev their engines...
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Ford To Run Self-Driving Cars On Lyft Network Later This Year
Wednesday, July 21, 2021 - 11:18am | 1192Read More...Lyft will begin running autonomous vehicles within its rideshare network before the end of 2021 through a partnership with Ford and Argo AI. The three companies announced an agreement Wednesday morning that will place self-driving ride-hailing vehicles on Miami city streets later this year and on...
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Benzinga's Bulls And Bears Of The Week: Apple, Tesla, Virgin Galactic, Wells Fargo And More
Saturday, July 17, 2021 - 11:10am | 1198Read More...Benzinga has examined the prospects for many investor favorite stocks over the past week. Last week's bullish calls included the iPhone maker, the EV leader and a big bank. A top automaker, a casino stock and a REIT were among the bearish calls seen. The second-quarter earnings-reporting...
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Stellantis Follows The Same EV Strategy As Other Automakers
Tuesday, July 13, 2021 - 6:41pm | 718Read More...The main auto market players have already announced their big plans supporting their EV strategies. General Motors (NYSE: GM) increased the investment plan in the electric and autonomous car segment for the second time, so now the company plans is to invest an incredible $35 billion until 2025....
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EV Developments On The US Front
Tuesday, July 13, 2021 - 6:27pm | 970Read More...The President's $2.3 trillion infrastructure proposal contains a very green investment of $620 billion in transportation with $174 billion devoted to EV spending. The plan aims to strengthen the domestic supply chains, retool factories and make affordable ‘made in the US' EVs to...
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The EV Enthusiasm Appears To Be Unshakeable
Friday, June 25, 2021 - 4:11pm | 1222Read More...The stocks of numerous recently listed EV startups show remarkable resilience even as they are undergoing turbulent periods internally. Lordstown Motors Corporation (NASDAQ: RIDE), Nikola Corporation (NASDAQ: NKLA), an electric-car maker Canoo Inc. (NASDAQ: GOEV) all have share prices that are in...
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Ford Expects Q2 Earnings To Exceed Expectations
Monday, June 21, 2021 - 12:58pm | 738Read More...When Ford Motor Company (NYSE: F) reported $0.89 earnings per share in the previous quarter and topped analysts' estimates of $0.16, both the company and the analysts are impatiently waiting for the second-quarter results. Based on the company's previous reporting dates, we expect Ford...
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Can Mexico Capitalize On US Automakers' Pivot To Electric Vehicles?
Tuesday, May 25, 2021 - 10:24am | 2180Read More...The multibillion-dollar North American automotive sector, which includes one of the largest components of U.S.-Mexico trade, could dramatically change as many automakers make a substantial shift to manufacturing electric vehicles. On April 30, General Motors (NYSE: GM) became the first U.S....
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Fintech Focus For May 25, 2021
Monday, May 24, 2021 - 6:04pm | 1660Read More...Quote To Start The Day: “Quality means doing it right when no one is looking.” Source: Henry Ford One Big Thing In Fintech: Square Inc., whose technology has already upended the way small businesses take card payments, is quietly preparing to offer checking and savings accounts to...















