Wall Street praises Ford's EV plans but questions its sales and profit margin targets
Morgan Stanley's Adam Jonas called the EV target "an aspirational/stretch goal," while Deutsche Bank's Emmanuel Rosner called a 10% margin by 2026 "ambitious."
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Ford plans to produce 2 million EVs annually, generate 10% operating profit by 2026
Both targets would be substantial increases from the company's current operations.
Amazon is shutting 68 retail stores, ending Amazon Books, 4-star and Pop Up shops
The closures include 68 stores across the U.S. and U.K., Amazon said.
Snowflake plunges almost 30% on slowing revenue growth
Snowflake shares plummeted in extended trading after the company's earnings report.
Elon Musk and Tesla face trial over CEO's multibillion-dollar pay package from 2018
A Tesla shareholder sued the company and Elon Musk over the CEO's 2018 pay package, which was worth around $2.5 billion at the time it was granted.
Weak mortgage demand could get a big boost as Ukraine crisis causes interest rates to drop sharply
Mortgage demand fell last week as rates rose, but that may all change this week as rates drop again, and sharply.
TikTok's effects on kids and teens under investigation by states
The investigation into TikTok is the latest evidence of momentum behind the push for greater protections for children online.
'Height of irresponsibility:' Blinken slams Putin's provocative rhetoric on nuclear weapons
The United States and Russia own the lion's share of the world's combined nuclear weapons inventory.
Senate panel to question Biden Supreme Court nominee Ketanji Brown Jackson on March 22-23
The Senate Judiciary Committee will question President Joe Biden's Supreme Court nominee, Judge Ketanji Brown Jackson, over two days in late March
How investors are leveraging ETFs to trade the Russia-Ukraine conflict
The man behind the largest Russia-based exchange-traded fund discusses investors' flight to ETFs amid the recent market volatility.
'We are not politicians': WHO avoids naming Russia as it condemns attacks on civilians and hospitals in Ukraine
WHO officials called Russia out by name just once during the hour-long briefing on Ukraine.
10-year yield sees biggest one-day jump since 2020 as traders ditch safe havens for riskier assets
U.S. Treasury yields rose sharply Wednesday as traders dumped traditional safe havens and loaded up on riskier assets like stocks.
Ford will split EVs and legacy autos into separate units as it spends $50 billion on electric vehicles
Ford expects the move to streamline its electric vehicle business and maximize profits. "We're going all in," Ford CEO Jim Farley said.
Uber will offer free rides between Ukraine-Poland border and two Polish cities
The service is part of a broader set of initiatives Uber announced Wednesday to support Ukraine in the face of the Russian invasion.
OneWeb's internet satellites caught in UK-Russia standoff days before launch
Russian space agency Roscosmos is refusing to launch the next batch of 36 OneWeb internet satellites unless the company meets the state agency's demands.
Apple announces March 8 event; low-cost 5G iPhone and new iPad expected
Apple sent out invitations to the media for a launch event where it's expected to announce a new low-cost iPhone model.
Apollo considers merging Yahoo Sports with betting companies, sources say
Private equity firm Apollo Global has held preliminary conversations with sports-betting companies to potentially merge with Yahoo Sports, sources say
Ford sells e-scooter division to SoftBank-backed European rival
Ford Motor Company is selling its e-scooter business, Spin, to German rival Tier in exchange for equity.
WHO says war in Ukraine will increase Covid transmission, putting large numbers of people at risk of severe disease
"Infectious diseases ruthlessly exploit the conditions created by war," said Dr. Bruce Aylward, a senior advisor at the WHO.
Fed Chair Powell notes 'highly uncertain' Ukraine impact, but says rate hikes are still coming
Fed Chairman Jerome Powell still sees rate hikes coming but noted that the Russia-Ukraine war has injected uncertainty into the outlook.
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