Workflow
GM, Tesla, Toyota urge US to extend USMCA free trade deal
Reuters· 2025-11-04 19:14
Major automakers including General Motors , Tesla , Toyota Motor and Ford urged the Trump administration to extend a North American free trade deal they call crucial to American auto production. ...
Perplexity AI accuses Amazon of bullying with legal threat over Comet browser
CNBC· 2025-11-04 19:13
Core Viewpoint - Perplexity AI has accused Amazon of "bullying" after receiving a legal threat demanding the cessation of its AI browser Comet's ability to facilitate purchases on Amazon [1][2]. Group 1: Company Actions - Perplexity AI's Comet Assistant allows users to find items and make purchases on Amazon, which users reportedly enjoy [2]. - Amazon has taken measures to prevent external AI agents, including those from OpenAI, Google, and Meta, from crawling its website [2]. Group 2: Company Statements - Perplexity AI criticized Amazon for prioritizing ad revenue and upselling tactics over enhancing customer shopping experiences, suggesting that easier shopping could lead to more transactions and satisfied customers [3].
Westlake Corporation's (NYSE:WLK) Financial Performance and BMO Capital's Rating Adjustment
Financial Modeling Prep· 2025-11-04 19:12
Core Insights - Westlake Corporation has been downgraded by BMO Capital to "Market Perform" with a revised price target of $83, down from $91 [1][5] - The company reported Q3 2025 revenue of $2.84 billion, a 9% decline year-over-year, which missed the Zacks Consensus Estimate of $2.94 billion [2][5] - Westlake's earnings per share (EPS) were reported at a loss of $0.29, significantly lower than the previous year's EPS of $1.41 and below the consensus estimate of $0.18, resulting in a negative surprise of 261.11% [3][5] Financial Performance - The revenue of $2.84 billion in Q3 2025 represents a 9% decline compared to the same quarter last year [2][5] - The company's EPS loss of $0.29 marks a substantial drop from the $1.41 EPS recorded in Q3 2024 [3] - Over the past four quarters, Westlake has consistently failed to meet consensus EPS estimates, which may have influenced the recent downgrade by BMO Capital [3] Stock Performance - Westlake's current stock price is $68.28, reflecting a decrease of 0.77% or $0.53 [4] - The stock has fluctuated between a low of $67.87 and a high of $70.62 on the day of reporting [4] - Over the past year, the stock reached a high of $139.59 and a low of $65.77, with a market capitalization of approximately $8.76 billion [4]
Amazon-backed eVTOL company Beta Technologies debuts at $34 on NYSE
CNBC· 2025-11-04 19:12
Kyle Clark, Founder & CEO of Beta Technologies rings the Opening Bell at the New York Stock Exchange on Nov. 4, 2025.Beta Technologies, an electric aircraft company, debuted on the New York Stock Exchange on Tuesday at $34 a share.On Monday, the company priced shares in its IPO at $34 each, above its expected range of $27 to $33. Beta said it sold 29.9 million shares, raising over $1 billion. The stock traded about 5% lower after it opened.Beta's IPO marks a major test for the small but competitive electric ...
Children sue Tesla after parents killed in fiery crash over alleged door handle failure
New York Post· 2025-11-04 19:12
A lawsuit filed Friday is blaming Tesla’s door design for a fiery car crash last November that killed all five passengers in a Model S, who allegedly became trapped inside with the flames.Jeffrey Bauer, 54, and Michelle Bauer, 55, survived the initial impact after the four-door sedan slammed into a tree – but were unable to escape the fire because the doors locked them inside, according to a suit filed by their children on Friday in Wisconsin state court.A nearby homeowner who called 911 said she could hear ...
NIKE's 'Sport Offense' Revamp: A Cultural Shift or a Tactical Fix?
ZACKS· 2025-11-04 19:11
Key Takeaways NIKE unveils the 'Sport Offense' plan to refocus on innovation, execution and sustainable growth.The blueprint centers operations on core sports like running, basketball, training and global football.The initiative unites NIKE, Jordan and Converse to speed innovation and enhance consumer engagement.NIKE, Inc. (NKE) has announced ‘Sport Offense’ reorganization, aimed at reigniting innovation, better execution and refocusing on sustainable growth. The company is organizing into a sport offense t ...
Primoris Q3 Earnings & Revenues Beat Estimates, '25 View Up
ZACKS· 2025-11-04 19:11
Key Takeaways Primoris' Q3 adjusted EPS rose to $1.88, beating estimates and up from $1.22 last year.Revenues climbed 32.1% year over year to $2.18B, with Energy and Utilities segments driving gains.PRIM expects 2025 EPS of $5.35-$5.55 and adjusted EBITDA between $510M and $530M.Primoris Services Corporation (PRIM) reported third-quarter 2025 results, wherein adjusted earnings and revenues handily beat the Zacks Consensus Estimate. Additionally, both metrics increased year over year.The company’s third-quar ...
ScanSource to Post Q1 Earnings: What's in the Cards for the Stock?
ZACKS· 2025-11-04 19:11
ScanSource, Inc. (SCSC) is scheduled to report first-quarter fiscal 2026 results on Nov. 6, before market open.The Zacks Consensus Estimate for the quarter’s revenues is pegged at $784.85 million, indicating growth of 1.2% from the prior-year quarter. The consensus mark for quarterly earnings currently stands at 91 cents per share, suggesting an improvement of 8% from the year-ago quarter. The estimates have remained unchanged over the past 60 days.Image Source: Zacks Investment ResearchSCSC’s Earnings Surp ...
Where Chipotle loses McDonald's will pick up, says G Squared's Victoria Greene
Youtube· 2025-11-04 19:10
Group 1: McDonald's Performance - Analysts expect a slowdown in traffic this quarter, but McDonald's is positioned to benefit as consumers seek value [1] - McDonald's has reintroduced promotions like the $5 meal and buy one get one for a dollar, which are appealing to cost-conscious consumers [1] - The company is projected to generate approximately $7.1 billion, with potential international growth offsetting any U.S. slowdown [2] Group 2: Chipotle's Competitive Landscape - There are indications that Chipotle may be losing market share to competitors like McDonald's as consumers trade down to more affordable options [3] - Chipotle's management may not recognize the competitive pressures they face, which could impact their future performance [3] Group 3: Norwegian Cruise Line Challenges - Norwegian shares have dropped 15% due to disappointing revenue and lowered fourth-quarter earnings guidance, following a trend seen in other cruise lines [4] - The company is expanding its fleet while taking on significant debt, leading to a 200% increase in interest costs [5] - There are concerns about declining consumer spending on cruise experiences, which could further impact revenue [5][6] Group 4: Shopify's Growth Potential - Shopify's shares fell 7% despite a 32% increase in revenue year-over-year, attributed to operating income missing estimates and increased transaction losses [7] - The company is viewed as a growth stock, with expectations of recovery following previous dips in share price [8] - Strong performance is anticipated in Q4, driven by AI integrations and e-commerce expansion, reinforcing Shopify's position in the market [9]
Hertz Shares Surge Over 38% On Return To Profit In Q3
RTTNews· 2025-11-04 19:09
Hertz Global Holdings, Inc. (HTZ) shares jumped 37.55 percent to $6.80 on Tuesday's trading after the company reported a return to profit for the third quarter.The company posted net income of $184 million, or $0.42 per share, compared with a loss of $1.33 billion, or $4.34 per share, a year earlier. Revenue declined 4 percent to $2.48 billion from $2.58 billion in the same quarter last year.The stock opened at $5.73 and traded between $5.60 and $7.12 during the session on the Nasdaq. It was last seen at $ ...