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October 25, 2021

quarter

Tesla delivered 241,300 vehicles in the third quarter, topping expectations

CNBC
CNBC – For more and to sign up click here Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday. The quarter’s deliveries topped expectations. Analysts predicted that Tesla would deliver around 220,900 electric cars during this period, according to estimates compiled by StreetAccount as of......

Chip shortage tanks GM’s third quarter sales

CNBC
CNBC – For more and to sign up click here An American flag flies at a Chevrolet dealership on August 4, 2021 in Glendale, California. In spite of a computer chip shortage, General Motors (GM) posted a $2.8 billion net profit in the second quarter. Mario Tama | Getty Images......

Marketmind: Final Quarter Blues | Reuters

Reuters
A look at the day ahead from Saikat Chatterjee. FILE PHOTO: Trucks park at the highway A2 parking near Warsaw, Poland, September 28, 2021. REUTERS/Kacper Pempel World stocks are set for their third biggest weekly drop this year as supply chain disruptions sweeping across the global economy raise the ugly......

U.S. auto sales forecast to plummet in third quarter as chip shortage plagues industry

CNBC
CNBC – For more and to sign up click here Honda Motor Co. vehicles at an AutoNation car dealership in Fremont, California, U.S., on Monday, Feb. 15, 2021. AutoNation Inc. is scheduled to release earnings figures on February 16. David Paul Morris | Bloomberg | Getty Images DETROIT – U.S.......

Stocks face another turbulent week as the third quarter winds down

CNBC
CNBC – For more and to sign up click here A trader works inside a post on the floor of the New York Stock Exchange (NYSE), August 27, 2021. Brendan McDermid | Reuters After recent turbulence, markets are likely to close out the final week of the third quarter with......

WNBA Playoffs: Sky survives first round despite third quarter surge from Wings

Sports Illustrated
SI – For more and to sign up click here Madeline Coleman The WNBA playoffs have arrived, and the first team has already fallen out of championship contention.  Sky topped Dallas, 81-64, during Thursday night’s single elimination game, out-rebounding the Wings despite a faulty third quarter. Chicago held a strong......

Uber could post first adjusted profit this quarter as cab demand returns

Reuters
A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Sept 21 (Reuters) – Uber Technologies Inc (UBER.N) could post its first profit on an adjusted basis for......

Clemson Escapes GT After Wild Fourth Quarter

Sports Illustrated
SI – For more and to sign up click here Joseph Salvador No. 6 Clemson entered its home game favored by 27.5 points, but Georgia Tech gave them all they could handle in a fourth-quarter filled with big and head-scratching plays. It was a low-scoring affair throughout and the Tigers......

These undervalued, ‘inflation-proof’ assets could outperform in the fourth quarter

CNBC
CNBC – For more and to sign up click here Investors may be on the lookout for inflation hedges after better-than-expected consumer price data failed to keep the broader market afloat on Tuesday. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all closed lower on Tuesday despite the......

Solar prices jumped in the second quarter, reversing recent trends, on material costs and supply chain issues

CNBC
CNBC – For more and to sign up click here Peter Cade | Stone | Getty Images The solar industry is among many sectors feeling the pinch of higher prices, according to a report released Tuesday by the Solar Energy Industries Association and Wood Mackenzie. Prices rose quarter over quarter......

Power restored in French Quarter three days after Ida’s landfall

USA TODAY – For more and to sign up click here Joseph Choi The lights are slowly coming back on in New Orleans, though the city’s main energy provider said “full restoration will take time.” Power was restored to some of the French Quarter on Wednesday, three days after Hurricane Ida......

U.S. corporate profits soar in second quarter; economic growth raised

Reuters
Second-quarter GDP growth revised to 6.6% rate Corporate profits surge to fresh record high Weekly jobless claims rise 4,000 to 353,000 WASHINGTON, Aug 26 (Reuters) – U.S. corporate profits surged to a fresh record high in the second quarter, boosted by robust demand and higher prices, suggesting that an anticipated......

Jameis makes Saints QB1 case with huge quarter

ESPN
NEW ORLEANS — Jameis Winston couldn’t have made a stronger case to become the New Orleans Saints‘ next starting quarterback on Monday Night Football. Winston completed 9 of 10 passes for 123 yards and two deep touchdown throws that ended with spectacular catches by receiver Marquez Callaway against the Jacksonville......

Fast-food wages climbed 10% in latest quarter, the largest jump in years, report says

CNBC
CNBC – For more and to sign up click here Lino Lakes, Minnesota, Help wanted sign at McDonalds with great starting pay. Michael Siluk | Getty Images You’ve seen headlines for pay hikes at McDonald’s, Chipotle and other restaurants. Now it’s showing up in the data. Wages for hourly limited-service......

Robinhood’s revenue more than doubled even as it lost money last quarter.

New York Times
SAN FRANCISCO — Robinhood, the stock trading app, on Wednesday reported surging quarterly revenue as pandemic trading became a permanent hobby for many customers, but it still lost money. In its first earnings report as a public company, Robinhood said its revenue for the second quarter soared to $565 million,......

Robinhood’s revenue more than doubles to $565 million last quarter on huge surge in crypto trading

CNBC
CNBC – For more and to sign up click here Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq Robinhood’s revenue more than doubled in the second quarter to $565 million, bolstered by a massive surge in crypto......

Germany to sell up to a quarter of its Lufthansa stake

Reuters
Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany June 25, 2020. BERLIN, Aug 16 (Reuters) – Germany plans to sell up to a quarter of its 20% stake in Lufthansa (LHAG.DE) over the coming weeks, the German finance agency said on Monday, citing positive developments at......

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