October 27, 2021 7:20 am
KPN NV’s third-quarter adjusted earnings, reported on Tuesday, came in line with expectations, while the company reiterated its full-year earnings forecast. Adjusted earnings before interest, taxes, depreciation, amortization and leases (EBITDAL) were reported at EUR 607 million during the quarter ended on September 30th, up from EUR 598 million a year ago. Expectations, according to […]
Read moreOctober 27, 2021 6:36 am
The DJIA reached a new record hi yesterday, up to 35756.88, with a 0.04% gain, the S&P furthered with a .18% gain and the Nasdaq added .06% to its market value. The extremely favorable corporate results on the earnings releases are a logical and indisputable driving factor for the broad indices’ his. So far approximately […]
Read moreOctober 26, 2021 8:06 am
Kroger Company (KR) said on Monday that its Home Chef meal solutions brand had reached $1 billion in annual sales. Home Chef was established by Pat Vihtelic in 2013, while it merged with Kroger in 2018. Home Chef offers over 500 products across a number of categories, including meal kits, heat-and-eat meals, ready-to-eat products, seasonal […]
Read moreOctober 25, 2021 7:30 am
VF Corp’s (VFC) quarterly revenue and earnings, reported last Friday, fell short of analyst estimates, as the apparel manufacturer faced product delays stemming from global supply chain disruptions as well as production shortfalls in Vietnam. The Vans owner reported a 23% year-on-year surge in total revenue to $3.20 billion during the fiscal second quarter, while […]
Read moreOctober 25, 2021 7:02 am
In the week 18th – 22nd October stocks hit an all-time hi after the S&P 500 completed a seven-day winning streak, backed up by the earnings release. Factors such as the surrounding troubles with the constantly high “temporary inflation”, the pending tapering, the supply shocks, the high energy prices and the pandemics restrictions were largely […]
Read moreOctober 22, 2021 2:19 pm
US markets closed sideways on Thursday as a little bit before the end of the session the S&P500 reached a new record hi, finishing .30% higher. The Dow was more or less flat with .02% and the Nasdaq was boosted by techs, mostly TSLA, ending with a .62% gain. Stocks rallied for a sixth straight […]
Read moreOctober 22, 2021 7:30 am
Southwest Airlines Co’s (LUV) third-quarter loss, reported on Thursday, narrowed from a year earlier as vaccination progress underpinned demand for air travel ahead of the busy holiday season. The air carrier’s total operating revenue rose 161% year-on-year to $4.68 billion during the third quarter. Excluding special items, Southwest Airlines reported a net loss of $135 […]
Read moreOctober 21, 2021 8:17 am
Taiwanese tech company Foxconn is setting sights on making electric vehicles (EVs) in Europe, India and Latin America, including “indirectly” working in cooperation with German auto makers, according to Foxconn’s Chairman Liu Young-way. Formally known as Hon Hai Precision Industry Co Ltd, Foxconn seeks to bolster its positions in the global electric vehicle market and […]
Read moreOctober 20, 2021 9:42 am
Maserati, Stellantis’ luxury brand, announced earlier this week that it would delay the launch of its new Grecale SUV to the spring of 2022 “in view of the background problems that have caused interruptions in the supply chains for the key components necessary to complete the car’s production process”. “In particular, due to the shortage […]
Read moreOctober 20, 2021 7:41 am
Ford Motor Company (F) said earlier this week that it would invest up to GBP 230 million ($316 million) in the production of electric car components at its facility in Halewood in northern England. That facility is expected to manufacture about 250,000 power units each year from mid-2024 and will be the first European in-house […]
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