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Ford takes $19.5 billion charge as it retreats from EVs
Fastcompany· 2025-12-15 22:08
Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry's retreat from battery-powered models in response to the Trump administration's policies and weakening EV demand. The Dearborn, Michigan-based company said it will stop making the F-150 Lightning in its electric vehicle form, but will pivot to producing an extended-range electric model, a version of a hybrid vehicle called an EREV, which uses ...
DeFi Technologies Inc. Stockholders with Large Losses Should Contact Robbins LLP for Information About Leading the Securities Class Action Lawsuit Against DEFT
Prnewswire· 2025-12-15 22:08
SAN DIEGO, Dec. 15, 2025 /PRNewswire/ -- Company: DeFi Technologies, formerly known as Valour Inc., purports to be a technology and digital asset treasury ("DAT") company that develops exchange traded products in Canada that synthetically track the value of a single decentralized finance ("DeFi") protocol—that is, a set of standards and rules that govern a system of lending, borrowing, and trading a cryptocurrency—or a basket of DeFi protocols. What is the class period? May 12, 2025 – November 14, 2025 What ...
Fast Retailing Remains An Interesting Story, If You Can Handle The Valuation
Seeking Alpha· 2025-12-15 22:07
Valuation always matters sooner or later, but that gap between “sooner” and “later” can cover a lot of ground and a lot of gains. I think it’s a relevant point to make in regards toAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no bu ...
PayPal Applies to Establish Bank
WSJ· 2025-12-15 22:05
The payments company said it had filed applications with the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to establish PayPal Bank. ...
Ur-Energy Announces Closing of US$120 Million Offering of 4.75% Convertible Senior Notes Due 2031, Including Full Exercise of Initial Purchasers' Option to Purchase Additional Notes
Accessnewswire· 2025-12-15 22:05
LITTLETON, CO / ACCESS Newswire / December 15, 2025 / Ur-Energy Inc. ("Ur-Energy" or the "Company") (NYSE American:URG)(TSX:URE) today announced the closing of its previously announced offering of $120 million aggregate principal amount of 4.75% Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering"), which included the exercise in full by the initial purchasers of their option to purchase an additional US$20 million of notes.Cantor Fitzgerald & Co. acted as sole book-runn ...
Northrop Grumman Corporation (NYSE:NOC) Stock Update
Financial Modeling Prep· 2025-12-15 22:02
Company Overview - Northrop Grumman Corporation (NYSE:NOC) is a leading global aerospace and defense company, providing innovative systems, products, and solutions in various sectors including autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization [1] - The company competes with major defense contractors such as Lockheed Martin and Boeing [1] Recent Developments - Alembic Global upgraded NOC from a Neutral to an Overweight rating, with the stock priced at $570.46 [1][6] - AQR Capital Management LLC reduced its stake in Northrop Grumman by selling 300,640 shares, a decrease of 33.4%, leaving them with 598,474 shares valued at approximately $295.6 million, representing about 0.42% of the company [2][6] - Brighton Jones LLC increased its holdings in Northrop Grumman by 176.3%, acquiring an additional 1,895 shares for a total of 2,970 shares valued at $1.39 million [3][6] - Bison Wealth LLC also increased its stake by 5.3%, indicating varied investor sentiment towards the company [3][6] Stock Performance - The current stock price of NOC is $570.19, reflecting a slight increase of $0.43, or 0.075%, from the previous trading session [4] - Over the past year, NOC has experienced a high of $640.90 and a low of $426.24, indicating volatility in its price [4] - Northrop Grumman's market capitalization is approximately $81.38 billion, highlighting its significant presence in the aerospace and defense industry [5] - Today's trading volume for NOC on the NYSE is 141,017 shares, showing active investor interest in the stock [5]
Ford takes $19.5bn hit amid electric vehicle retreat as Trump policies bite
The Guardian· 2025-12-15 22:02
Ford said on Monday it will take a $19.5bn writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and weakening EV demand.Ford, based in Dearborn, Michigan, said it will stop making the F-150 Lightning in its electric vehicle form, but will pivot to producing an extended-range electric model, a version of a hybrid vehicle called an Erev, which uses a gas-powered g ...
CEMATRIX Announces $6.9 Million in New Contract Awards
Globenewswire· 2025-12-15 22:01
CALGARY, Alberta, Dec. 15, 2025 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company"), a specialty construction contractor that produces cellular concrete solutions on site and is a leading manufacturer and supplier of cellular concrete in North America announces that it has won $6.9 million in new contract awards. New Contract Award Details: The awards are in the form of contracts and contracts in process. Most of the work related to these awards will be complete ...
Price Over Earnings Overview: Asbury Automotive Group - Asbury Automotive Group (NYSE:ABG)
Benzinga· 2025-12-15 22:00
In the current market session, Asbury Automotive Group Inc. (NYSE:ABG) share price is at $242.43, after a 0.50% drop. Over the past month, the stock increased by 10.05%, but over the past year, it actually fell by 3.91%. With good short-term performance like this, and questionable long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.How Does Asbury Automotive Group P/E Compare to Other Companies?The P/E ratio measures the current share price to ...
Ocean Power Technologies' Financial Performance and Strategic Initiatives
Financial Modeling Prep· 2025-12-15 22:00
Ocean Power Technologies, Inc. (NYSE American: OPTT) reported an EPS of -$0.06, below EPS estimates of -$0.02 and fell short on revenue expectations with $424,000 against an estimated $2.5 million.The company has seen a significant increase in its backlog to approximately $15 million, indicating strong demand for its products and services.Despite strategic advancements and partnerships, Ocean Power Technologies faces financial challenges with a negative P/E ratio of approximately -20.49 and a high price-to- ...