Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesElectric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson has stepped down as the company expects to more than double vehicle production this...
Check out the companies making headlines in extended trading: Jack in the Box — The fast-food chain surged more than 10%. The company reported fiscal first-quarter operating earnings of $1.92 per share, while analysts polled by FactSet forecast $1.69 per share. Workday — Shares of the manufacturer of human...
Carl Eschenbach, CEO of Workday speaks on CNBC's Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.Gerry Miller | CNBC Workday, the maker of human resources and finance software, reported better-than-expected quarterly results on Tuesday. The shares popped more than 7% in extended trading.Here's how...
Home Depot on Tuesday reported better-than-expected fourth-quarter results, but high interest rates continue to cloud its outlook for the year. Net sales in the three months ended Feb. 2 rose 14.1% to $39.7 billion, topping estimates of $39.16 billion, according to LSEG. Earnings per share (EPS) increased 6.7% on...
Coterra Energy shares dropped 3% on Tuesday despite the oil and natural gas producer delivering better-than-expected fourth-quarter earnings late Monday. Capital efficiency was a highlight with output levels above management's outlook range and capital expenditures near the low end of guidance. Revenue in the three months ended Dec. 31...
Fintech Brex expects its annual net revenue to reach $500 million in 2025, according to a person familiar with the company’s operations as cited by Bloomberg and The Information. While the startup did not comment on the specific revenue projection, it did share that Brex has seen “3x overall revenue...
Check out the companies making headlines in midday trading. Solventum — Shares surged roughly 10% after the health-care company announced it would sell its purification and filtration business to Thermo Fisher Scientific for $4.1 billion. The transaction is expected to wrap up by the end of 2025. Sempra —...
San Francisco, California, USA, February 25th, 2025, FinanceWireReserve Index Protocol introduces DTFs, allowing anyone to create, trade, and redeem crypto index products with instant 24/7 access and real-time transparency.Today, ABC Labs, the team behind Reserve, launches their Reserve Index Protocol, which offers a first-of-its-kind, build-your-own ETF-like experience to crypto....
London, United Kingdom, February 25th, 2025, ChainwireLittio, a Colombian fintech focused on protecting Latin Americans from devaluation through various dollar-based product offerings, is launching a new EURO account and savings option, using Circle’s EURC and OpenTrade‘s real-world asset (RWA)-backed stablecoin yield platform via the Avalanche network. This new offering...
Few shareholder reports from publicly traded companies are quite so anticipate as the annual letter penned by Berkshire Hathaway CEO and chairman Warren Buffett.Buffett published his latest edition over the weekend, and like most of his yearly missives, it's worth reading even if you don't own a single Berkshire...