Ford's stock fell 6% in after-hours trading after lowering its profit forecast to $10 billion for 2024.The guidance stems from high costs and low volumes of Ford Pro and Ford Blue models.Ford aims to compete with Chinese EV makers by reducing costs and innovating designs. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a ...

Southwest Airlines CEO Bob Jordan said Boeing deliveries have not gone as expected for years.He added that the significant Boeing delivery delays in 2024 could stretch into 2025.Boeing is facing several challenges and reported a third-quarter net loss of $6.1 billion last week. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topic ...

Boeing is looking to raise nearly $19 billion to combat its lack of cash.It comes after Boeing reported a net loss of $6.1 billion in the third quarter.Boeing has faced several difficulties this year, like a union strike and the Alaska Airlines blowout. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed ...

Apple has a slate of announcements expected this week on top of earnings.Greg Joswiak, senior vice president of marketing at Apple, teased something new for Macs.Its long-awaited Apple Intelligence is expected to launch with software updates. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you'r ...

Core Viewpoint - The US Department of Justice has filed a lawsuit against Lyft for making deceptive claims regarding driver earnings, leading to a proposed settlement that includes a civil penalty of $2.1 million [1][2][5]. Group 1: Legal Actions and Claims - The lawsuit alleges that Lyft violated the Federal Trade Commission Act by making deceptive earnings claims between April 2021 and June 2022 [2]. - Lyft's advertisements reportedly used earnings calculations based on the 80th percentile, misleading drivers into believing that the figures represented typical earnings [3]. - The complaint highlighted that Lyft's claims about driver earnings did not clarify that tips were included in the hourly amounts, potentially misleading drivers about their actual earnings [3][4]. Group 2: Settlement Details - Lyft has agreed to a proposed settlement that includes a $2.1 million civil penalty, although the company neither admitted nor denied the government's claims [4][5]. - The settlement prohibits Lyft from making any earnings claims without meaningful evidence and requires clear disclosure that tips are not included in stated hourly earnings [5]. - Lyft must also inform drivers that under its earnings guarantees, they will only receive the difference between their regular earnings and the guaranteed amount [5][6].

Costco's membership crackdown may bring in a Netflix-style revenue lift. Morgan Stanley analysts say they've seen "surprising conversion rates" of shoppers paying the fee. Costco could grow US signups by about 8%, or about 4 million people, analysts estimated. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite to ...

Tesla stock has surged since the company reported earnings on Wednesday.Wall Street analysts broke down the factors they believe are fueling the rally.Emarketer analyst Jacob Bourne said the "surprise element" was the biggest contributor. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...

The E. coli outbreak cases linked to McDonald's have widened to include 75 people in 13 states.The CDC said it expects the real number to be higher, and that it can take weeks to identify a case.Slivered onions from a McDonald's supplier are under investigation, leading to recalls at other brands. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access ...

JPMorgan is ramping up its hiring of investment-banking analysts and associates, BI has learned.This comes after the bank set new limits on work hours for juniors and saw a 31% jump in deal fees.The fourth quarter is usually a slow period of hiring for investment banks. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a p ...

Tesla reported blowout earnings this week, but its biggest growth driver wasn't cars or robots.Its energy business grew by over 50% year over year, earning Tesla over $7 billion in revenue so far in 2024.Elon Musk said on Tesla's earnings call that the energy unit is "growing like wildfire." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your ...