Author: News Room
Telsa profits plunged more than 40% compared to a year ago, a steeper drop than expected for the company that has been facing a tougher environment for electric vehicle sales. Tesla reported it earned adjusted income of $1.8 billiion in the quarter, or 52 cents a share. Analysts had forecast earnings of 61 cents a share, which still would have been sharply lower than the 91 cents a share it earned a year earlier. Revenue of $25.5 billion was essentially flat, a good result for the company which reported 5% fewer vehicles sold than last year. But the adjusted profit…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stock spotlight: The S & P 500 inched higher Tuesday despite a couple of early attempts at a bigger rally. One could say Wall Street is in wait-and-see mode ahead of earnings from the megacap tech stocks that start after the bell with Club holding Alphabet . Or is the market waiting for the release of the Federal Reserve’s favorite inflation gauge Friday? Whatever the case, we don’t mind the choppy…
Sen. Bob Menendez, the New Jersey Democrat convicted last week in a federal bribery case, will resign his Senate seat effective Aug. 20, he said in a letter.Menendez said last Wednesday that he would quit the Senate as a result of his criminal conviction, but he had not given a date. New Jersey Gov. Phil Murphy, who is also a Democrat, will appoint a senator to fill out the brief remainder of Menendez’s term.Menendez was found guilty of all 16 criminal counts on July 17 in Manhattan federal court in a case where he was accused of accepting bribes, which…
An increasing number of borrowers who filed cases seeking student debt discharge are successfully receiving debt relief through bankruptcy after a policy change by President Joe Biden’s administration, according to the Department of Education. A total of 588 people filed cases seeking student debt discharged through bankruptcy between October 2023 and March 2024 — a 36% increase from the prior six-month period. Also, a total of 1,220 cases were filed from November 2022 through March of this year. This trend is expected to continue, the Education Department said in a statement. In filed cases, 96% of all borrowers are voluntarily using…
Mortgage rates are down for the third straight week, remaining in the high-6% territory. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.87% this week from 6.95% last week. The average rate on a 30-year loan was 6.67% a year ago. The average rate on the 15-year fixed mortgage also decreased to 6.13% from 6.17% last week. One year ago, the rate on the 15-year fixed note averaged 6.03%. Read the full article here
Falls are now the leading cause of injury and death among older adults (65+) in the U.S. They are the cause of just under 75 deaths per day. Emergency medical services (EMS), most often accessed through 911 calls or by calls to a local fire department, report that 17% of calls for help at home by people over 65 are related to falls. Moreover, 50% of what are known as “lift assist” calls result in a second call within two weeks. These statistics have taken a sharp rise in the last 10 years as our population ages. And these calls…
It’s just one day after President Joe Biden announced that he would end his reelection campaign and endorsed Vice President Kamala Harris to be the Democratic nominee taking on former President Donald Trump in this year’s presidential race. That’s far too soon for polling to capture the dynamics of a fast-evolving campaign, but polling conducted before Biden’s announcement provides some early indications of how a Harris for President campaign might try to improve on Biden’s standing in the race. CNN’s polling in late June tested Biden’s support against Trump in the wake of the presidential debate, and it also looked…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseFormer Speaker of the House Nancy Pelosi gave her ringing endorsement to Kamala Harris on Monday, bringing the vice-president one step closer to locking up the Democratic party’s nomination for the White House.Pelosi, a longtime Democratic leader who was seen as instrumental in the behind-the-scenes campaign to push Biden to step aside, said she endorsed Harris’s bid “with immense pride and limitless optimism for our country’s future”. She added her support for Harris was “official, personal and political”.The former…
Almirall, S.A. (OTCPK:LBTSF) Q2 2024 Earnings Conference Call July 22, 2024 4:00 AM ET Company Participants Pablo Divasson – Investor RelationsCarlos Gallardo – President & Chief Executive OfficerKarl Ziegelbauer – Chief Scientific OfficerMike McClellan – Chief Financial OfficerPaolo Cionini – Chief Commercial Officer-Europe & International Conference Call Participants Lucy Codrington – JefferiesAlistair Campbell – Royal Bank of CanadaGuilherme Sampaio – CaixaBankFrancisco Ruiz – BNP Paribas ExaneAlvaro Lenze – Alantra EquitiesJaime Escribano – Banco Santander Operator Good day and thank you for standing by. Welcome to the Almirall’s First Half 2024 Financial Results and Business Update Conference Call. At this time,…
Within minutes of President Joe Biden endorsing Vice President Kamala Harris to replace him on the Democratic Party’s ticket on Sunday, the internet crackled with lies, altered photos and other misleading claims about Harris. Some supporters of former President Donald Trump – the Republican nominee in the November election – even suggested Biden was the victim of a coup. Meanwhile, a slew of slickly edited pro-Harris videos quickly proliferated on social media as her backers tried to capitalize on the moment. The vitriol and counter-punches are a likely preview of the final three months of the presidential campaign, where a furious battle to shape…
