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PENSKE AUTOMOTIVE GROUP EXPANDS PRESENCE IN FLORIDA
Prnewswire· 2026-02-24 11:58
PENSKE AUTOMOTIVE GROUP EXPANDS PRESENCE IN FLORIDA [Accessibility Statement] Skip NavigationCompletes Acquisition of Two Lexus Dealerships in Central FloridaExpected to Add $450 Million in Annualized RevenueBrings Estimated Annualized Acquired Revenue to $2 Billion Since NovemberBLOOMFIELD HILLS, Mich., Feb. 24, 2026 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers ...
UK to regulate Netflix and other streamers in line with broadcasters
Reuters· 2026-02-24 10:05
Core Viewpoint - The UK government announced that streaming services like Netflix, Amazon Prime Video, and Disney+ will be required to follow the same content and accessibility regulations as traditional broadcasters, aiming to protect audiences and ensure accurate news reporting [1]. Group 1: Regulatory Changes - Streaming services with over 500,000 UK users must adhere to new standards set by Ofcom, which include accurate and impartial news reporting and protection against harmful content [1]. - The inclusion of streaming services under Ofcom's broadcasting code is intended to safeguard audiences from harmful content and ensure accessibility services, such as subtitles, are provided [1]. Group 2: Market Context - Approximately two-thirds of UK households subscribe to at least one major streaming service, with 85% of people using an on-demand service monthly, compared to 67% who watch live TV [1].
Allison Transmission Announces Fourth Quarter and Full Year 2025 Results
Prnewswire· 2026-02-23 21:05
use Adjusted EBITDA and Adjusted EBITDA as a percent of net sales to measure our operating profitability. We believe that Adjusted EBITDA and Adjusted EBITDA as a percent of net sales provide management, investors and creditors with useful measures of the operational results of our business and increase the period- to-period comparability of our operating profitability and comparability with other companies. Adjusted EBITDA as a percent of net sales is also used in the calculation of management's incentive ...
Stocks to watch as Trump's new tariffs spell more uncertainty
Reuters· 2026-02-23 17:21
Stocks to watch as Trump's new tariffs spell more uncertainty | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A trader works on the floor, as a screen displays U.S. President Donald Trump during a press briefing at the White House following the Supreme Court's ruling on tariffs, at the New York Stock... [Purchase Licensing Rights, opens new tab] Read more- Companies[Alcoa Corp]Follow[Alibaba Group Holding Ltd]Follow[Best Buy Co Inc ...
“马”上来沪 |春节假期上海线上线下消费达603.5亿元,逾390万人次参与有奖发票活动
Sou Hu Cai Jing· 2026-02-23 16:08
东方网记者程琦2月23日报道:春节期间,上海持续举办"跨年迎新消费季"活动,商圈寻马、新春美食等六大主题活动精彩纷呈。发票抽奖成为市民、游客津 津乐道的话题,各区拿出真金白银发放各类消费券,助力文商旅体展深入联动,全市日均推出300余项活动。 消费市场供需两旺,各大商圈人流如织 环球美食热闹升腾,舌尖盛宴共庆团圆 据美团数据,全市到店餐饮消费同比增长15.2%。"环球美食汇"567家商户精心推出1136套优选套餐,8成商户营业额实现同比增长,咨询量与点单量增长明 显。线上美食地图赋能线下消费引流,参与线上活动的1194家商户堂食消费额同比增长36.7%,订单量同比增长47.4%。节前,黄浦区原云南南路的8个老字 号餐饮品牌、9家门店,在毗邻南京路步行街的后街—山西南路、福建中路及江西中路重聚开街,日均营收39.4万元,日均接待人数1万人次。 以旧换新惠民直达,绿色消费乐享生活 家电、数码产品方面,年前,我市家电以旧换新、数码和智能产品购新补贴活动新增线下即时摇号举措,切实提升消费者参与活动便利度。2月15日-22日, 家电、数码产品补贴带动销售2.99亿元,参与企业815家。汽车方面,1月底报名通道开放以来, ...
What to Know About This Fund's $12 Million Bet on Dauch Stock
Yahoo Finance· 2026-02-22 22:09
Core Insights - Atlantic Investment Management disclosed a new position in Dauch Corporation, acquiring approximately $12.07 million worth of shares as of February 17, 2026 [1][2]. Company Overview - Dauch Corporation is a Detroit-based manufacturer specializing in advanced driveline and metal forming solutions for the global automotive industry, addressing the needs of electric, hybrid, and traditional vehicle platforms [6][8]. - As of February 17, 2026, Dauch Corporation's stock price was $7.28, reflecting a 26.0% increase over the past year, outperforming the S&P 500's gain of approximately 13% during the same period [7]. Financial Performance - For the trailing twelve months (TTM), Dauch Corporation reported revenue of $5.84 billion and a net loss of $19.70 million [4]. - The company achieved an Adjusted EBITDA of $743.2 million for the year, with margins expanding to 12.7% and adjusted earnings per share of $0.53 [9]. - Management's guidance for 2026 targets sales between $10.3 billion and $10.7 billion, with Adjusted EBITDA expected to be between $1.3 billion and $1.4 billion, including synergy benefits from the Dowlais combination [10]. Investment Implications - The acquisition by Atlantic Investment Management indicates confidence in Dauch Corporation despite its current net loss, as the new position represents 6.8% of the firm's reportable 13F assets under management (AUM) [7]. - The company's strategic focus on driveline and metal forming technologies aligns with broader trends in global manufacturing, particularly in the automotive sector [10].
Global Markets Shaken by “De-Dollarization” Milestone and Corporate Legal Challenges to Trump Tariffs
Stock Market News· 2026-02-22 05:38
Group 1: Global Financial Landscape - The U.S. Dollar's share of global reserves has fallen to 56.9%, the lowest level since 1994, indicating a shift towards gold and non-traditional currencies by central banks [2][10] - Corporate giants, including Costco, Revlon, and Bumble Bee Foods, are leading a coalition of over 1,000 companies suing the federal government for approximately $175 billion in tariff refunds following a Supreme Court ruling against unauthorized trade duties [3][10] Group 2: Domestic Developments - The Department of Homeland Security has suspended TSA PreCheck and Global Entry programs due to a funding lapse, redirecting personnel to primary security roles amid a legislative standoff [4][10] Group 3: Technology Sector - The job market is experiencing a "Tinderization" effect, where AI-generated resumes are overwhelming HR departments, leading to qualified candidates being overlooked due to automated screening processes [5][10] Group 4: Geopolitical and Energy Developments - Japan has restarted the Kashiwazaki-Kariwa nuclear facility, marking the end of its post-Fukushima hiatus and aiming for 100% energy self-sufficiency and a tripling of nuclear capacity by 2040 [8][10] - Safran is advancing a significant offer to provide India with 100% technology transfer for fighter jet engines, positioning itself as a key partner in India's fifth-generation AMCA project [9]
Aptiv PLC (NYSE:APTV) Shows Promising Growth Prospects
Financial Modeling Prep· 2026-02-21 17:00
Core Insights - Aptiv PLC is a global technology company focused on developing advanced software and hardware solutions for the automotive industry, enhancing vehicle performance and safety [1] Performance Summary - APTV has shown a 4.05% gain over the past month, indicating strong investor confidence in the company's growth prospects [2][6] - The stock experienced a 3.41% decline in the last 10 days, which may present a strategic buying opportunity for investors [2] - The stock has a significant growth potential with an estimated increase of 24.28%, suggesting it is currently undervalued [3][6] Financial Health - APTV's Piotroski Score of 8 indicates strong financial health, reflecting the company's profitability, liquidity, and operational efficiency [4][6] Target Price - The target price for APTV is set at $98.89, representing substantial upside potential from current levels, which could offer significant returns for investors [5]
Benzinga Bulls And Bears: eBay, Carvana, Devon — And Supreme Court Nixes Trump Tariffs Benzinga Bulls And Bears: eBay, Carvana, Devon — And Supreme Court Nixes Trump Tariffs
Benzinga· 2026-02-21 13:01
Market Overview - U.S. markets experienced modest gains after a volatile trading week, influenced by mixed economic data, geopolitical events, and upcoming corporate earnings [2] - Major indexes, including the S&P 500, Dow Jones Industrial Average, and Nasdaq, ended higher following a Supreme Court ruling that invalidated former President Trump's tariff regime, which provided a relief bounce [2][3] - Despite the gains, traders remained cautious due to rising Treasury yields and underperformance of the Russell 2000 compared to large-cap stocks, indicating ongoing rotation out of risk assets [2] Tariff and Economic Sentiment - The Supreme Court's 6-3 ruling against broad tariffs imposed under emergency powers alleviated cost pressures for importers and positively impacted stocks related to consumer and industrial demand [3] - However, President Trump indicated plans to implement a new 10% global tariff under different trade laws, maintaining uncertainty around trade policy and its impact on market sentiment [3] - The backdrop of 1.4% GDP growth and persistent core inflation contributed to mixed macroeconomic signals, leading to cautious sentiment among traders [3] Upcoming Catalysts - Investors are preparing for significant upcoming events, including key technology earnings and economic indicators that may influence the Federal Reserve's policy outlook [4] - The focus on AI-related sector scrutiny is expected to play a crucial role in shaping market direction in the near term [4] Stock Highlights Bullish Sentiment - Jim Cramer expressed confidence that Microsoft will perform exceptionally well, noting the stock is currently 25% below its peak [5] - Rackspace saw a significant surge of 217% from its lows as it tested a key long-term trend barrier [5] - Small-cap stocks are showing signs of recovery, which is interpreted as a positive macroeconomic signal [5] Bearish Sentiment - Copart's stock declined following disappointing Q2 earnings results [5] - The "Magnificent 7" saw substantial losses, with the 10 richest individuals losing significant wealth in 2026 [5] - Palo Alto Networks experienced a drop in stock price, raising concerns among investors [5]
X @The Economist
The Economist· 2026-02-21 02:20
Forecasters are expecting China’s car market to go into reverse. The scale of the slowdown is still uncertain, but the hazard lights are flashing https://t.co/l9SqyLuKEL ...