Investments and Business

DETROIT — Ford Motor Company fell significantly short of Wall Street expectations for second-quarter earnings, despite beating revenue forecasts, as long-running warranty issues plague the automaker. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings per share: 47 cents adjusted vs. 68 cents adjusted expected Automotive revenue: $44.81 billion vs. $44.02 billion forecast Ford shares are up about 15% this year as prices in the auto sector have remained more resilient than expected. However, as the industry-wide shift to electric vehicles proceeds more slowly than expected, the automaker has adjusted its production plans, focusing less on fully…

Here are the companies making headlines in after-hours trading: Alphabet — The tech giant slipped 1% despite reporting declines in both revenue and profit for the second quarter. Alphabet earned $1.89 a share on $84.74 billion in revenue. Consensus estimates called for earnings of $1.84 a share on $84.19 billion in revenue. However, its YouTube advertising revenue missed forecasts. Tesla — Shares of the electric vehicle maker fell 4.7% after second-quarter earnings missed consensus estimates. Tesla reported adjusted earnings per share of 52 cents, while analysts polled by LSEG had expected 62 cents per share. On the bright side, the…

The MLB trade deadline is rapidly approaching, and the pressure is mounting for some front offices. With the All-Star break behind them, teams are scrambling to bolster their rosters for a playoff push. While some organizations face pivotal decisions that could define their seasons, others are in a more comfortable position. The White Sox, mired in a disastrous campaign, are at the center of trade rumors. General manager Chris Getz has signaled a rebuild of the entire franchise, placing every player on the block, including star player Luis Robert Jr. The proceeds from these potential deals could significantly impact Getz's…

An international team of researchers has made a groundbreaking discovery: oxygen can be generated in total darkness, about 4,000 meters below the ocean surface. This surprising discovery was published in the journal Nature Geosciences Monday and challenges long-held beliefs about the origins of oxygen on Earth. The discovery focuses on potato-shaped metallic nodules found deep in the Pacific Ocean. These nodules, found at depths of about 13,100 feet, have been shown to produce oxygen through a process that does not require sunlight, overturning the traditional understanding that photosynthesis by plants and algae is the primary source of oxygen on our…

Federal Reserve Chairman Jerome Powell will speak at the Economic Club of Washington, D.C., on Monday, providing insights into the central bank's interest rate policy and the broader economic landscape. Powell will engage in a discussion with David Rubenstein, president of the Economic Club and co-founder of The Carlyle Group. The move marks Powell’s first public comments since Thursday’s Consumer Price Index (CPI) report, which showed monthly prices for June falling. During his two-day testimony on Capitol Hill last week, Powell said the Federal Reserve now sees the risks of rising inflation and a slowing economy as more balanced. He…

The United States men's national basketball team faced a tight showdown in their final pre-Olympic game against Germany, and it was LeBron James who secured the victory for Team USA. In a dramatic finale, James scored 11 points in the final four minutes to lift the Americans to a 92-88 victory on Monday. The NBA’s all-time leading scorer sparked the comeback with a dunk, giving Team USA an 83-82 lead with less than four minutes remaining. He followed it up with a steal and a quick conversion to extend the lead to 85-82. James continued his decisive performance by hitting…

Google parent company Alphabet reported its second-quarter results after the market closed on Tuesday, meeting analysts’ expectations for revenue and profit but falling short on YouTube advertising revenue. Following the announcement, Alphabet shares rose about 1% in after-hours trading. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings: $1.89 per share vs. $1.84 per share expectedRevenue: $84.74 billion vs. $84.19 billion expectedAdditional key figures tracked by Wall Street: YouTube Ad Revenue: $8.66 Billion vs. $8.93 Billion, According to StreetAccountGoogle Cloud Revenue: $10.35 Billion vs. $10.20 Billion, StreetAccountTraffic Acquisition Cost (TAC): $13.39 billion vs. $13.54 billion according to…

In less than two months, the world’s best tennis players will return to the courts of Roland Garros, just weeks after leaving them, to compete at the 2024 Paris Olympics. This year’s Olympic program presents unique challenges, as athletes must quickly adapt from clay to grass and back to clay before moving on to hard courts in North America. Unlike the seamless logistics of the 2012 London Olympics, where players simply moved from Wimbledon to the Olympic Village, the current landscape is far more complex. Players at Rio 2016 faced the threat of the Zika virus, while Tokyo 2021 brought…

In the fall of 2017, free kicks began to be considered a real offensive tool. After his purchase from Benfica, it quickly became clear that Manchester City goalkeeper Ederson possessed a left leg more akin to a catapult than a human limb, capable of launching the ball 80 metres over the opposition defence to create a goal-scoring opportunity. Teams were baffled by this tactic, as they had never seen it before. City's entire attacking trio positioned themselves 20 metres beyond the opposition's goal line, confident that they could not be offside from a goal kick. @SamLee (@SamLee)"This set-up of City's…

For many years, the sound of "The Star-Spangled Banner" has been omnipresent in every Olympic swimming stadium. From the 1992 Games in Barcelona to the 2021 Games in Tokyo, which were postponed due to the pandemic, the U.S. swim team has won more gold medals than any other team. The last time Team USA did not win multiple golds in a single Olympics was 1988, when they finished second to East Germany. None of the current swimmers were alive then. American swimmers have dominated both the overall and gold medal standings for years, almost to the point where it has…