Auto dealer stocks rally despite Wall Street’s ‘demand destruction’ theory
Shares of AutoNation, Group 1 and other auto dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand.
Amazon will open 172,000-square-foot Project Kuiper internet satellite factory
Project Kuiper is Amazon’s plan to launch 3,000-plus internet satellites into low Earth orbit to extend high-speed broadband internet access around the globe.
Facebook used to be a Big Tech giant — now Meta isn’t even in the top 20 most valuable U.S. companies
Meta shares are down more than 20% on Thursday, the second time this year they’ve collapsed after an earnings report.
Shopify shares pop 17% on smaller-than-expected loss
Shopify reported earnings before the opening bell. Here are the results.
Trump opposes watchdog for financial statements sought by New York Attorney General James in sweeping fraud lawsuit
Donald Trump and his Trump Organization are accused by New York Attorney General Letitia James of fraud related to financial statements.
HSBC upgrades Ferrari to buy, says luxury carmaker stock is ‘not expensive’
The firm said the luxury carmaker will continue to maintain earnings momentum from here.
Amazon CEO Andy Jassy violated labor laws with union remarks, federal agency alleges
Jassy said in interviews with CNBC’s “Squawk Box” and Bloomberg Television that employees could be less empowered in the workplace if they voted in a union.
Twitter ‘cannot become a free-for-all hellscape,’ Musk tells advertisers
Billionaire Elon Musk sought to reassure advertisers of his intentions in buying Twitter on the eve of his deadline to close the deal and avoid new trial dates.
‘Borrowers are feeling the squeeze’ as interest rates climb while inflation remains high, chief financial analyst says
Here’s a breakdown of how increases in the benchmark interest rate have impacted the rates consumers pay on the most common types of debt.
This tech stock could be a ‘new home’ for mega-cap investors, MoffettNathanson says
The firm said a positive earnings report bolstered its outlook on the cloud computing company.
