As Tesla prepares to announce its second-quarter earnings, the pressure is on for the electric vehicle giant to prove its resilience amidst a tumultuous period. With the company having faced challenges in the form of layoffs and declining vehicle deliveries, investors are eagerly awaiting to see if Tesla can bounce back. According to analysts surveyed
Art
The sales of previously owned homes in the United States dropped by 5.4% in June compared to the previous month, totaling 3.89 million units on a seasonally adjusted, annualized basis according to the National Association of Realtors. This decrease also represents a 5.4% decline compared to June of the previous year. The slow pace of
Despite the overall positive performance of the U.S. economy in recent years, a significant portion of Americans seem to perceive the country as being in a recession. Recent surveys have shown that approximately 3 in 5 individuals believe that the U.S. is currently experiencing a downturn in economic activity. While official data indicates that the
Coca-Cola recently adjusted its full-year outlook for 2024, showing positive growth in global demand for its drinks. The company now expects organic revenue growth between 9% to 10%, surpassing its previous forecast of 8% to 9%. In addition, Coke raised its outlook for comparable earnings growth to a range of 5% to 6%, up from
In an effort to address the issue of rising prescription medication prices and combat the questionable business practices of drug supply chain middlemen, bipartisan lawmakers introduced a new bill known as the “Pharmacists Fight Back Act.” This legislation aims to reform the practices of pharmacy benefit managers (PBMs) and ensure that community pharmacies are fairly
Spot ether exchange traded funds are hitting the market, marking a significant moment for Ethereum and the wider cryptocurrency community. These ETFs are designed to provide investors with direct exposure to ether, the digital asset that powers the Ethereum network. As the industry evolves, the introduction of spot ether ETFs is seen as a crucial
The second-quarter earnings report from United Parcel Service (UPS) was met with disappointment as both their profit and revenue fell below expectations. This led to a 7% drop in UPS shares during premarket trading. The company revised its 2024 revenue guidance from a previous forecast of $94.5 billion to approximately $93 billion. Moreover, UPS adjusted
General Motors is on the verge of releasing its second-quarter results, and the anticipation is high. The traditional Detroit automaker is expected to outshine its competitors with stable sales and vehicle prices in the first half of the year. Analysts are predicting earnings per share of $2.75 adjusted and revenue of $45.46 billion. These figures
Warner Bros. Discovery has declared its intention to exercise its matching rights in response to the NBA’s decision to consider a package of games with Amazon Prime Video. This move comes as part of their effort to maintain their long-standing partnership with the league and ensure continued access to top-quality game coverage and iconic studio
The recent approval by the U.S. Securities and Exchange Commission for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency signals a new era in cryptocurrency investments. Trading of these funds is slated to commence on Tuesday, with several fund issuers submitting registration statements. The move indicates the SEC’s endorsement of these funds, following the