Planet Fitness has appointed a new CEO effective June 10 after a monthslong search for new leadership.
(Reuters) -Harley-Davidson on Thursday reported a 23% decline in first-quarter profit, hurt by slowing motorcycle sales as high borrowing costs deter potential buyers from making expensive purchases, sending its shares down 18% in afternoon trade. The company also reaffirmed its full-year revenue growth forecast of flat to down 9% for its motorcycle business and an operating income margin of between 12.6% and 13.6%, the top end of which was in line with the year-earlier number. "We're really...
In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reports dramatic sales drops compared against the same time last year.
Google Senior VP Prabhakar Raghavan blames increasing competition, costs and regulation for a 'new operating reality'.
UPS reported earnings earlier today and there are some read-throughs on the strength of the economy.The company reported a 3.2% decline in average daily volumes in its domestic segment and a 5.8% drop in its international segment in the quarter. However the company said volumes “showed improvement through the quarter”.The world's largest parcel delivery firm is a barometer of economic activity. Overall revenues at $21.7 billion were below $21.9 billion expected and $22.9 billion a year ago.The...
Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.
Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.
IBM separately announced it would buy HashiCorp, which sells software to manage cloud-computing operations, for $6.4 billion.
Shares of French luxury group Kering sank more than 9% Wednesday after the company warned it expects a sharp downturn in first-half profits as demand for its Gucci brand continues to wane.
Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images The chief
NBC’s Kaylee Hartung to discuss their upcoming film “The Fall Guy,” what it was like working with each other for the first time, and if they’ll ever finish hashing out the “Barbenheimer” beef. “Never,” says Emily!
The brokerage's commentary follows Reuters report earlier this month that Tesla decided to cancel its long-promised inexpensive car that investors hoped would drive growth, while continuing to develop Robotaxis on the same vehicle platform. Tesla has been pushing for greater adoption of its full self-driving advanced driver assistance software ahead of unveiling Robotaxi in August. "The delay of Model 2 efforts creates the risk of no new vehicle in Tesla's consumer lineup for the foreseeable...