General Motors’ first-quarter earnings are coming Tuesday morning. Investors will want to see progress offsetting higher wages following the 2023 labor negotiations with the United Auto Workers Union. For the first quarter, Wall Street is looking for earnings per share of $2.12 and an operating profit of $3.1 billion from sales of $42.1 billion. A
One of the first sovereign-wealth funds, and the largest at the state level in the U.S., just made a big bet on groceries as inflation continues to pressure American consumers. Alaska Permanent Fund tripled its investments in shares of Walmart and Kroger —the respective No. 1 and No. 2 players in terms of their share
Like most automotive brands, the future of sports car brands like Ferrari (RACE) is defined by the advent of high performance electric-powered vehicles. Though rivals like Lamborghini can claim that their EVs will be an “emotional” experience, Ferrari is pouring in major amounts of money into actual key research for its electric future. Scientists at
The split is due to take effect April 2. A starting point in solving the valuation problem is to look at how similar companies trade in the marketplace. Today, General Electric trades for about 14.5 times estimated 2024 earnings before interest, taxes, depreciation, and amortization, or Ebitda. That is very similar to nonfinancial and manufacturing
They have put the middle stripe on the Mattoon-Tuscola road, and it is an interesting job to watch. The men on the job are not inviting a gallery, but there are always a few spectators who are watching the work with keen enjoyment. The broad black center stripe in the middle of the road is