Ford’s 1Q Net Income Falls 24% as Combustion Engine Unit Sees Sales and Revenue Decline
Ford Motor Co.’s first-quarter net income fell 24% from a year ago as the company’s combustion engine vehicle unit saw revenue and sales decline
Ford Motor Co.’s first-quarter net income fell 24% from a year ago as the company’s combustion engine vehicle unit saw revenue and sales decline
Facebook and Instagram parent company Meta says its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms
Global automakers and EV startups are unveiling new models and concept cars at China’s largest auto show, with a focus on the nation’s transformation into a major market and production base for digitally connected, new-energy vehicles
Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation
Norfolk Southern’s first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him
The Biden administration is setting new rules on airline fees and refunds
U.S. stocks drifted to a mixed finish
Foreign automakers have been caught flat-footed in China by an electric vehicle boom that has shaken up the market over the last three years
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages
Stocks rallied for a second straight day on Wall Street to soften what’s been a rough April