Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall. Ford, like most automakers, has announced plans to…

Wednesday saw a back-and-forth session for traders grappling with the challenge of rising US yields amid encouraging earnings reports. However, late-hours trading witnessed a downturn in the S&P 500 as major tech stocks, including Meta Platforms Inc., experienced a sell-off. Meta’s disappointing outlook cast doubt on whether the market’s enthusiasm…

Bitwise Chief Information Officer (CIO) Matt Hougan recently shared five interesting predictions for the next Halving of the Bitcoin (BTC) network, scheduled for 2028. In a comprehensive report, Hougan sheds light on the potential transformations for the world’s leading cryptocurrency. New Investors And ETFs As Catalysts One of Hougan’s key…

DETROIT — Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street’s earnings estimates for the first quarter, offsetting losses of its electric vehicles.The company maintained its 2024 earnings guidance of adjusted earnings before interest and taxes, or EBIT, of between $10 billion and…

Check out the companies making headlines after the bell : Align Technology — The orthodontics technology company added 3.6% after beating analysts’ expectations for its first-quarter results. Align posted adjusted earnings of $2.14 per share on revenue of $997.4 million, higher than the $1.97 in earnings per share on revenue…