Streaming giant Netflix flew past Wall Street’s estimates for its subscriber growth in its fourth-quarter earnings release after the bell on Tuesday, which sent the company’s stock surging into Wednesday’s trading day. The company announced that it added 13.1 million subscribers in the fourth quarter, which easily exceeded projected gains of 8.97 million subscribers. Those gains gave Netflix its largest-ever fourth quarter subscriber growth and brought the total number of subscribers to 260 million.Netflix’ ...

Ford has issued a recall of nearly 2 million of its Explorer SUVs over concerns that a piece of exterior trim located near their windshields could detach and create a road hazard for other drivers.   The recall affects around 1.9 million Explorers between model years 2011 and 2019.  "An A-pillar exterior trim part that detaches while driving can create a road hazard for other road users, increasing the risk of a crash," the National Highway Traffic Safety Administration said in documents related to the reca ...

Chipotle will hire more workers to help with its imminent "burrito season."  The Mexican fast-food chain aims to take on a total of 19,000 new staff members before its restaurants experience their typical busy season that spans March to May, it said Wednesday.Chipotle’s announcement of hiring efforts coincided with the company unveiling a slew of new employee benefits.  Eligible employees will now have access to a financial well-being education platform and up to 4% salary-based matching contributions to th ...

One of Tesla’s most loyal and longtime shareholders is expressing wavering faith in the electric vehicle (EV) company with Elon Musk at the helm. "Most of our clients have Tesla, so it affects a lot of people," Kawasaki Wealth and Investment Management President and CEO Ross Gerber said on "The Claman Countdown," Tuesday."Relative to other tech stocks, Tesla's vastly under-performed since Elon has taken such outspoken, and in my mind, controversial, negative views," he continued. "Many of my clients, and I ...

Tesla will release its latest financial results on Wednesday afternoon. Shareholders and analysts will watch closely.   The release comes as Tesla' stock price posted an increase of over 45% in the past 12 months. Its market capitalization, meanwhile, sat around $655.3 billion as of Tuesday evening.There are several topics that could come up.  Overall Delivery GoalsTesla will likely reveal details about its objective for 2024 overall vehicle deliveries.  The company has a pre-existing, long-term goal of ach ...

Boeing CEO Dave Calhoun is planning to meet with a group of senators on Capitol Hill this week as the company deals with the 737 Max 9 grounding in the wake of an accident in which a plane’s plug door panel blew off in mid-air earlier this month, according to a report by Reuters. Calhoun is expected to meet with Sens. Ted Cruz, R-Texas, and Mark Warner, D-Va., as well as other lawmakers in Congress, sources told Reuters. Cruz is a member of the Senate Committee on Commerce, Science, and Transportation which ...

United Airlines expects to face a loss in its first quarter due to the Federal Aviation Administration (FAA) temporary grounding Boeing 737 Max 9 jets earlier this month, the carrier said on Monday.  The Chicago-based carrier said in a regulatory filing that it expects all 79 of its 737 Max 9 planes to remain grounded through the end of January, resulting in an adjusted loss of between 35 cents and 85 cents per share.As of now, United has told FOX Business that the Max 9 has been removed from its schedule t ...

General Electric Co shares fell on Tuesday after the company flagged a lower-than-expected profit in the current quarter after fourth-quarter earnings topped forecasts on strong demand for parts and services at its jet engine business. The Boston, Massachusetts-based company expects an adjusted profit of 60-65 cents a share in the quarter through March compared with 72 cents a share expected by analysts in a LSEG survey.General Electric's shares were down about 4% in pre-market trade. Ticker Security Last C ...

Exxon Mobil filed a lawsuit on Sunday in a Texas court that seeks to block activist investors from bringing a climate proposal up for a vote during the company’s shareholder meeting in May. The lawsuit marks the first time Exxon has moved to block a shareholder proposal through a court complaint. The case was assigned to the U.S. District Court for the Northern District of Texas and has been assigned to Judge Reed O’Connor, an appointee of former President George W. Bush who has a record of ruling in favor ...

Google parent Alphabet Inc. is reportedly slashing jobs within its innovation lab called X as it adopts a new structure.   In recent months, X – described as a diverse group of inventors and entrepreneurs that develops technologies to solve the world's hardest problems – has increased talks regarding funding with venture capitalists and other investors, so they can launch projects even faster, people familiar with the matter told Bloomberg. X was established in 2010 by Google co-founders Larry Page and Serg ...