That was Elon Musk, CEO of Tesla TSLA, +2.21% and executive chairman of X, commenting on Taylor Swift pursuing legal action against a person who is helping others track her private jet.In December, Swift’s representation sent a cease-and-desist letter to the tracker, 21-year-old Jack Sweeney, and accused him of potentially tipping off stalkers to her location, according to the Associated Press.The letter accuses Sweeney of “disregarding the personal safety of others,” and “intentional, offensive, and outrag ...

Ford Motor Co.’s stock rose 3% Wednesday after an upbeat earnings report that also spurred buying of its outstanding bonds and helped spreads tighten over U.S. Treasurys.The car company’s F, +3.98% fourth-quarter revenue topped consensus estimates, it announced a next-generation, smaller EV to rival Tesla Inc.’s TSLA, +0.78% upcoming “Model 2,’ and it unveiled a special dividend along with plans for $2 billion in cost cuts this year.The year 2023 was “solid,” but Ford is nowhere near done, Chief Executive J ...

Ford Motor Co.’s stock shot higher Wednesday after a quarterly earnings beat, with analysts focusing on an unsung side of the business and an above-expectations 2024 guidance, but remaining cautiously optimistic about the carmaker. Ford Pro, Ford’s F, +3.50% unit dealing with fleets and commercial customers, “continues to be the hidden gem within Ford,” UBS analyst Joseph Spak said in a note Wednesday, echoing similar sentiment from several others.Ford late Tuesday guided for earnings before interest and ta ...

Shares of Yum Brands Inc. fell 2.2% in premarket trades Wednesday after the company reported weaker-than expected fourth-quarter profit and revenue. The parent of Taco Bell, Pizza Hut and KFC fast-food restaurants reported net income of $463 million, or $1.62 a share, compared with net income of $371 million, or $1.29 a share, in the prior year’s quarter. On an adjusted basis, Yum YUM, +0.74% reported earnings of $1.26 a share, compared with $1.32 a share in the same period last year, and below the FactS ...

Alibaba Group Holding Ltd. BABA, +4.82% fell short on adjusted earnings for its latest quarter but still was seeing its stock gain premarket Wednesday as the Chinese e-commerce player boosted its buyback authorization by $25 billion. The company reported fiscal third-quarter net income of 10.7 billion renminbi ($1.5 billion), or 5.65 renminbi per American depositary share, down from 46.8 billion renminbi, or 17.91 renminbi per ADS, in the year-earlier period. On an adjusted basis, Alibaba earned 18.97 renm ...

Shares of CVS Health Corp. CVS, +1.82% fell 0.3% in premarket trading Wednesday, after the drugstore chain and health care services company’s fourth-quarter results beat expectations by wide margins, but lowered its full-year outlook because of “elevated medical cost trends.” Net income fell to $2.05 billion, or $1.58 a share, from $2.33 billion, or $1.77 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.12 beat the FactSet consensus of $1.98. Revenue grew 11. ...

Hilton Worldwide Holdings Inc.’s stock HLT, +0.49% fell 2.2% early Wednesday, after the hotel operator’s fourth-quarter revenue only managed to match consensus and its guidance for 2024 came up short. The company posted net income of $148 million, or 57 cents a share, for the quarter, down from $328 million, or $1.21 a share, in the year-earlier period. Adjusted per-share earnings came to $1.68, ahead of the $1.57 FactSet consensus. Revenue rose to $2.609 billion from $2.444 billion a year ago, matching th ...

Toyota Motor’s shares 7203, +4.82% rose sharply to a record high, extending the previous day’s gains after the automaker raised its fiscal-year earnings forecast. Shares were recently 4.9% higher at 3,289 yen after rising as much as 7.3% to a record intraday high of Y3,364 earlier Wednesday morning. Toyota said Tuesday that it expects net profit to climb 84% to 4.500 trillion yen ($30.42 billion) for the fiscal year ending March as hybrid vehicles lead sales growth. It previously forecast a 61% increase ...

Snap Inc.’s disappointing quarterly results and forecast, combined with one repeated excuse, don’t add up when compared to stronger results from other companies also reliant on internet ads, like Meta Platforms and Alphabet.On Tuesday, Snap SNAP, +4.18% reported a revenue miss for the fourth quarter, and gave a disappointing outlook for the first quarter, including a much wider Ebitda loss than Wall Street was expecting. Its shares plunged 32.4% in after-hours trading, with the news coming a day after Snap ...

Apple Inc. AAPL, +0.86% has scored a summary judgment in an antitrust lawsuit filed by AliveCor over heart-rate technology in the Apple Watch. Federal Judge Jeffrey White of the the Northern District of California made the ruling, which remains under seal, on Jan. 31. “At Apple, our teams are constantly innovating to create products and services that empower users with health, wellness, and life-saving features,” an Apple spokesperson said. “AliveCor’s lawsuit challenged Apple’s ability to improve importan ...