Shares of Ford Motor Company (NYSE: F) opened lower on Monday amid a broad market sell-off driven largely by concerns about rising interest rates. As of 10:30 a.m. ET, Ford's shares were down about 4.7% from Friday's closing price. Ford's was one of many stocks that took hard hits in early trading on Monday.
Q1 2024 W R Berkley Corp Earnings Call
By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the fight for market share beyond China. But while there is a peril in China's overcapacity, there is also a power in the hyper-competition it has unleashed, analysts, suppliers and executives say. China's leading EV makers have found ways to slash vehicle development time, combining speed to market with new features and a pricing advantage rivals outside cannot match.
Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on Tuesday. Zhao, who is expected to be sentenced on April 30 in Seattle, stepped down as Binance's chief last November, when he and the exchange admitted to the violations, and the firm agreed to a penalty of $4.32 billion. "Given the magnitude of Zhao's willful violation of U.S. law and its consequences, an above-guidelines sentence of 36 months is warranted," U.S. prosecutors told the U.S. district court for the western district of Washington.
Here's how NBA Twitter reacted to the Mavericks tying up the series against the Clippers.
Anthony Albanese's comments come amid a feud over X's reluctance to remove footage of a stabbing.
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The BBC Radio 2 presenter announced in early March that her mother Julia had been diagnosed with cancer.
Ellie Park created the 'Books for All Foundation' to collect book donations from her community and bring them to areas with limited access to them. Her first delivery of 400 books was to Dilkon Restoration Church on the reservation.
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Roche said on Wednesday its first-quarter sales slipped by 6% as the loss on COVID-19 related revenue was partly offset by a better-than-expected sales boost for eye drug Vabysmo. Quarterly sales fell to 14.4 billion Swiss francs ($15.80 billion), in line with analysts expectations, also due to a strong Swiss franc weighing on overseas revenue, the family-controlled Swiss drugmaker said in a statement. Roche said the rest of the year would no longer be burdened by higher year-on-year comparisons from inflated sales during the COVID-19 pandemic.
Mayor Kate Gallego outlined her vision for the City of Phoenix at her state of the city address Tuesday. One of the big talking points was plans for a new terminal at Phoenix Sky Harbor International Airport and ABC15 worked to learn more about what would be a major project for the city.
Ministers are braced for legal challenges to the Rwanda plan and the judiciary has made 25 courtrooms available to deal with cases.
STORY: The former president is in court for the second day of his trial on charges he falsified business records to cover up a $130,000 payment before the 2016 election to buy port star Stormy Daniels' silence about a sexual encounter she says they had in 2006.Vida Johnson, an associate law professor at Georgetown University, said that Trump is likely the beneficiary of his wealth and power, and that a less privileged citizen could have already faced penalties as severe as imprisonment.Judge Juan Merchan is considering whether Trump should be punished for violating a gag order that prevents him from criticizing witnesses and others involved in the case.Prosecutors are asking Merchan to fine Trump for criticizing Stormy Daniels and his former lawyer Michael Cohen, both of whom are expected to testify. They also have highlighted Trump's claim last week that people were lying to get on the jury so they could convict him.Merchan could opt to fine Trump $1,000 for each of those violations, as Manhattan District Attorney Alvin Bragg's office has requested.Those fines, Georgetown Law’s Vida Johnson told Reuters, are relatively mild.“It is absolutely common in courthouses around the country for judges when they use their contempt power, to hold people in contempt of court and they face jail time,” she said.“It appears to me that Trump is the beneficiary of any politics that might be at play. And I think those politics are that he's a wealthy person with a lot of power, and that's why both the prosecutors haven't asked for more serious sanctions.”Justice Merchan said on Tuesday he would not immediately rule on the fine request, but he appeared unmoved by Trump defense lawyer Todd Blanche's arguments that Trump was responding to political attacks, not intimidating witnesses."You've presented nothing," Merchan said. "I've asked you eight, or nine times, show me the exact post he was responding to. You've not even been able to do that once.""I have to tell you right now, you're losing all credibility with the court," the judge added.After the session, Trump repeated his claim that the gag order violated his constitutional free speech rights, calling the proceedings a “kangaroo court”.On Tuesday, the first trial witness, former National Enquirer publisher David Pecker, testified that he used his supermarket tabloid to suppress stories that might have hurt Trump's 2016 presidential bid.
The City of Baltimore has said that the owner and manager of the cargo ship that brought down the Francis Scott Key Bridge last month are directly responsible for the accident and should not be allowed to avoid legal liability. - U.S. Secretary of State Antony Blinken will arrive in China on Wednesday to try to preserve the recent and delicate stabilization of ties between the United States and China, as tensions over trade, territorial disputes and national security threaten to derail relations again. - The U.S. Senate voted on Tuesday night to give final approval to a $95.3 billion package of aid to Ukraine, Israel and Taiwan, sending it to President Biden.
A former Stockton Unified School District board president was denied the opportunity to appear remotely at the board of trustees's regular meeting on Tuesday, despite still being a board member, according to her attorney.
Asian stocks rose sharply on Wednesday led by tech stocks as investors' focus shifts to earnings from U.S. tech bellwethers this week, while the yen remained mired near 34-year lows, keeping traders wary of intervention from Japanese authorities. An after-hours surge in shares of EV maker Tesla following its promise of new models, and upbeat earnings from some U.S. companies lifted sentiment, spurring a rally in tech stocks across Asia, with Taiwan, South Korean and Japan's Nikkei leading the charge. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.6% higher, having climbed 1% on Tuesday, as stocks rebounded from last week's steep selloff.
SAP ( ETR:SAP ) First Quarter 2024 Results Key Financial Results Revenue: €8.04b (up 8.0% from 1Q 2023). Net loss...
Denmark's Orsted, the world's biggest offshore wind farm developer, said on Wednesday a project in Taiwan that will provide power for chipmaker TSMC is progressing well and is on track for completion next year. Orsted said in March of last year it had made a final investment decision to go ahead with its planned 920 megawatt (MW) Greater Changhua 2b and 4 offshore wind farms, which will mostly supply Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker.
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