As Tesla prepares to report its second-quarter earnings, investors and analysts are keenly watching the numbers. Despite a challenging first half of the year, which saw Tesla reducing its workforce and experiencing a decline in vehicle deliveries, the company managed to exceed analyst expectations in some key areas. Tesla reported vehicle deliveries of 443,956 in
The introduction of spot ether exchange traded funds (ETFs) on Tuesday marks a significant moment for the cryptocurrency market. These ETFs are set to invest directly in ether, the cryptocurrency used in the Ethereum network, which many argue has a far wider use case than bitcoin. While there are already ether ETFs tracking futures contracts,
Coca-Cola recently announced an increase in its full-year outlook, citing a rise in global demand for its beverages in the second quarter. The company now expects organic revenue growth of 9% to 10% for 2024, up from its previous forecast of 8% to 9%. Additionally, Coke raised its outlook for comparable earnings growth to a
United Parcel Service recently reported its second-quarter profit and revenue, which fell below expectations. The company’s revenue guidance for 2024 was also revised downwards to approximately $93 billion, lower than the initial forecast of $94.5 billion. This unexpected outcome resulted in a 7% drop in the company’s shares during premarket trading. Additionally, UPS adjusted its
In a move to address the long-standing issue of inflated prescription medication prices linked to pharmacy benefit managers (PBMs), bipartisan lawmakers recently introduced a new bill known as the “Pharmacists Fight Back Act.” The legislation, spearheaded by Reps. Jake Auchincloss and Diana Harshbarger, aims to curtail dubious business practices employed by drug supply chain middlemen
General Motors is anticipated to release their second-quarter results, with analysts forecasting an earnings per share of $2.75 adjusted and revenue of $45.46 billion. The expected results would signify a 1.6% increase in revenue compared to the previous year and a substantial 44.2% increase in adjusted earnings per share. Last year’s second-quarter results for GM
Warner Bros. Discovery recently made a bold move by informing the National Basketball Association (NBA) that it intends to exercise its matching rights for a package of games earmarked for another company. The company is specifically targeting a deal between NBC and Amazon Prime Video, showing its commitment to maintaining its stake in the broadcasting
As President Joe Biden exits the election race, all eyes turn to Vice President Kamala Harris as the likely Democratic nominee. Experts are eagerly anticipating her unveiling of tax policies, which are expected to align closely with Biden’s proposals of increased taxes on the affluent and corporations. Harris has yet to provide a detailed economic
The world of cryptocurrency is evolving rapidly, and the latest development seems to be the approval by the U.S. Securities and Exchange Commission for exchange-traded funds that hold ether, the second-largest cryptocurrency in the world. This move is highly anticipated, and trading is set to begin as early as Tuesday. Several fund issuers have submitted
Berkshire Hathaway, led by Warren Buffett, made a significant move by trimming its Bank of America holding for the first time in over four years. The conglomerate sold 33.9 million shares of Bank of America for almost $1.5 billion in separate sales. This decision came following the bank’s strong performance in 2024, with an average