Tesla, the leading electric vehicle maker, has endured a tumultuous first half of the year, marked by a significant workforce reduction and a decline in vehicle deliveries. Despite these challenges, the company managed to report second-quarter vehicle deliveries that exceeded analysts’ expectations. This shows that Tesla still commands a significant market share in the electric
The introduction of spot ether exchange traded funds (ETFs) has brought excitement to the world of cryptocurrency trading. These ETFs focus on ether, the digital currency used within the Ethereum network. This development has ignited hope among crypto enthusiasts as it presents an opportunity to expand the investor base for Ethereum, a technology that many
Coca-Cola recently announced an increase in its full-year outlook due to the rising global demand for its drinks in the second quarter. The company now expects organic revenue growth of 9% to 10%, up from the previous forecast of 8% to 9%. Additionally, Coke raised its outlook for comparable earnings growth to a range of
United Parcel Service released its second-quarter report on Thursday, revealing profit and revenue figures that fell below expectations. The company also revised its 2024 revenue guidance, now expecting approximately $93 billion, down from the previous forecast of up to $94.5 billion. In addition, UPS announced a reduction in full-year capital expenditures to around $4 billion,
General Motors is anticipated to release its second-quarter results soon, and analysts are optimistic about the performance of the company. Compared to other traditional Detroit automakers, GM is expected to stand out with stable sales and vehicle prices throughout the first half of the year. The average estimates compiled by LSEG suggest that GM’s earnings
The U.S. Securities and Exchange Commission has given the green light for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency. Trading for these ETFs is expected to begin as early as Tuesday, marking a significant moment for the cryptocurrency market. Several fund issuers submitted additional registration statements on Monday afternoon, signaling that the SEC
With President Joe Biden stepping out of the election arena, all eyes are now on Vice President Kamala Harris as the potential frontrunner for the Democratic nomination. While Harris has not yet disclosed her economic agenda, experts predict that her tax policy proposals could mirror Biden’s, which emphasize higher taxes on the wealthy and corporations.
Warner Bros. Discovery recently announced its intention to exercise its matching rights for a package of games that was slated for another company. The company is targeting the deal between NBC and Amazon Prime Video. This move by Warner Bros. Discovery comes after the NBA notified them of its intention to accept other offers for
In a surprising move, Berkshire Hathaway decided to trim its massive holding in Bank of America after a successful run in 2024. This marked the first time in over four years that Warren Buffett’s conglomerate has reduced its stake in the bank, selling almost $1.5 billion worth of shares in separate sales. The average selling
McDonald’s has seen a significant increase in customer traffic since the introduction of the $5 value meal deal. Executives in the U.S. system reported that 93% of restaurants have voted to extend the promotion past its original end date. This shows that the offer is resonating with customers and keeping them loyal to the brand.