Stock Market Today: Dow falls as rising yields return to put squeeze on stocks
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- S&P 500, Nasdaq advance, turning the page on a tumultuous week
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- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
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- S&P 500, Nasdaq advance, turning the page on a tumultuous week
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- Wells Fargo cuts Netflix rating on engagement risk, weak slate
Ford (F) recalls 230K Explorer SUVs for rollaway risk
October 16, 2023 3:11 PM EDTFord is recalling certain 2020-2022 Ford (NYSE: F) Explorers due to the potential risk of rolling away if the parking brake is not engaged.
According to the National Highway Traffic Safety Administration, 238,364 vehicles are affected by this recall. The issue stems from a... More
Ford (F) calls for deal to end UAW strike
October 16, 2023 2:03 PM EDTOn Monday, Bill Ford, the Executive Chairman of Ford Motor Company (NYSE: F), appealed to the United Auto Workers union to cease their 32-day strike and come to terms on a fresh labor agreement.
Ford highlighted the escalating repercussions for both the automaker and the broader U.S. economy.
"We... More
Stellantis (STLA), Ford (F) layoff 1,250 additional workers as UAW strike continues
October 16, 2023 9:05 AM EDTChrysler-parent company Stellantis (NYSE: STLA) and Ford Motor (NYSE: F) announced on Friday that they would be implementing temporary layoffs for 1,250 employees, citing the repercussions of the ongoing United Auto Workers (UAW) strike.
In light of the strike, Stellantis disclosed that 1,340 employees are... More
Bank of America raises estimates on Stellantis (STLA) despite limited impact of UAW strike
October 13, 2023 12:57 PM EDTBank of America reiterated a Buy rating on Stellantis (NYSE: STLA) and raised their 12-month price target on the automotive stock to $23.00 (From $20.00) ahead of the companys 3Q report. Stellantis will report their 3Q sales results on October 31st.
The focus for Q4 and the 2024 outlook is expected to be on the order book,... More
