Ford and Lincoln vehicles are displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT— Ford Motors guided to the low end of its previously announced 2024 earnings forecast as it slightly topped Wall Street’s third-quarter expectations. The Detroit automaker said Monday it now expects…
A deadly E. coli outbreak linked to mcdonald‘s Quarter Pounders has led to 75 cases in 13 states, the Centers for Disease Control and Prevention said Friday, as it investigates the source of the spread. The outbreak has led to 22 hospitalizations and one previously reported death of an older adult in Colorado. Out of…
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell Getty Images Spirit Airlines Shares surged Friday after the struggling budget carrier said it would cut jobs and sell aircraft. The stock closed the day 16% higher, at $2.79 per share….
David Enhorn pitches Peloton at the Robin Hood Investors Conference. Getty Images (L) | CNBC(R) Greenlight Capital’s David Einhorn thinks Peloton could trade as high as $31.50 a share if the company slashes costs, which could double its current adjusted EBITDA projections, CNBC has learned. That’s about five times the current price of its shares,…
Scout Terra pickup truck and Scout Traveler SUV concepts scout NASHVILLE, Tenn. , volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric vehicle in addition to EV models. Scout, a former American vehicle brand from 1961…
David Einhorn speaking at the 2024 Sohn Conference in New York City on April 3, 2024. Adam Jeffery | CNBC Shares of Peloton spiked more than 11% on Wednesday after Greenlight Capital’s David Einhorn said shares of the company are significantly undervalued, CNBC has learned. Einhorn made the pitch at the Robin Hood Investors Conference….
A McDonalds located on Route 66 in Azusa, California, on April 1, 2024. Robert Gauthier Los Angeles Times | Getty Images McDonald’s shares dropped in extended trading Tuesday after the Centers for Disease Control and Prevention said an E.coli outbreak linked to McDonald’s Quarter Pounder burgers has led to 10 hospitalizations and one death. The…
Republican presidential nominee and former US President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, US October 20, 2024. Doug Mills | Via Reuters Although President Donald Trump visited a Pennsylvania McDonald’s location on Sunday, the fast-food giant is trying to stay neutral in the presidential race. “As we’ve…
A Macy’s store is seen at Herald Square on December 11, 2023 in New York City. Michael M. Santiago | Getty Images Inflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty. Several hard-to-predict factors will influence consumers’ spending, as they deck the halls and look for the…
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine Bloomberg | Getty Images DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC…
