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Walmart+ is valued at $45 billion

Walmart+ could be worth as much as $45 billion, with the share price target set to be $150, according to Morgan Stanley analysts. The company was also rated "overweight."

12 October 2022
Ford and other carmakers could lose half their profits next year

UBS Group AG analysts concluded this Monday that profits of automakers in America and Europe will halve due to the fact that supply exceeds demand, thereby creating an excess. Joseph Spak, an analyst at RBC Capital Markets, in his turn, gives a more negative outlook for this sector's profits next year.

11 October 2022
Tesla broke its own record for deliveries from a Chinese factory

Tesla Inc. produced more than 83,000 electric cars in September at its newly modernized factory in Shanghai.

11 October 2022
Tesla’s sales in China hit the record

Sales of Tesla’s cars made directly in China reached 83,135, up from a month ago.

10 October 2022
New data this week: inflation and the start of the reporting season

The U.S. stock market has been tight for the past few weeks, but it's not the limit. It’s expected to face even more difficulties, since today is the day of the publication of the key inflation report and the banks are starting a difficult reporting season.

10 October 2022
S&P announces Tesla credit rating upgrade. Company nears blue-chip status

Tesla delivered 343,830 vehicles in the third quarter. The company is expected to release its earnings report on Oct. 19. It managed to pay off the debt without losing the status of the world's leading electric car manufacturer that owns four plants on three continents.

7 October 2022
Amazon plans to hire 150 thousand of employees during the season of holiday sales

On Thursday, the management of Amazon declared it plans to fill 150,000 seasonal vacancies.

7 October 2022
General Electric fires wind energy department employees

General Electric Co. is laying off staff at its onshore wind power plant within a plan to restructure and reshape the enterprise that is struggling with weak demand, mounting costs, as well as supply-chain delays.

6 October 2022
Exxon earnings rise

Exxon Mobil Corp reported strong operating profits in the third quarter after a record high the previous quarter. The profit growth was driven by natural gas revenues that were able to offset lower profits in other refining and chemicals businesses.

5 October 2022
Ford EV sales tripled in September with F-150 Lightning leading the segment

Ford's purchases continue to hike, outperforming the industry with a 197% increase. Thus, the manufacturer's rate in the electric vehicle segment rose another 3.1% over a year ago, while market share totalled 7.0%.

5 October 2022