Inversiones y negocios

Connected media - Associated media Stellantis, the multinational automaker behind brands like Jeep, Dodge, and Chrysler, announced a 48% decrease in net profit for the first half of 2024, primarily due to declining sales and production issues in the U.S. market. The company reported a net profit of €5.6 billion ($6.07 billion) for the first six months, a significant drop from the same period in 2023. Adjusted operating profit fell to €8.5 billion, down by €5.7 billion, largely attributed to challenges in North America. Following the announcement, Stellantis shares in Milan dropped by 8.5%. CEO Carlos Tavares acknowledged the underperformance,…

Linked media - Associated media Coco Gauff has been chosen to carry the Team USA flag at the opening ceremony of the 2024 Paris Olympics, making her the first tennis player to receive this honor. She will share this distinction with basketball legend LeBron James. At just 20 years old, Gauff, the world No. 2 and reigning U.S. Open champion, will become the youngest American flagbearer in Olympic history, surpassing Cindy Nelson, who held the role at the 1976 Innsbruck Winter Games. Gauff expressed her gratitude on social media, saying, “I just want to thank my fellow Olympians/Team USA athletes…

Related media - Associated media WASHINGTON, D.C. — In a brief social media interview posted by a Fox News reporter, Elon Musk confirmed that he will attend Israeli Prime Minister Benjamin Netanyahu’s upcoming speech to Congress as Netanyahu’s guest. The Israeli Embassy has not yet confirmed Musk’s attendance. Musk’s visit to Capitol Hill follows his announcement on X that Starlink, his satellite internet company, will be operational at a hospital in Gaza, with backing from Israel and the UAE. Nine months into the Israel-Hamas conflict, Netanyahu’s speech has ignited protests in Washington, resulting in around 200 arrests during a sit-in at…

Associated media - Related media Wall Street’s most trusted recession indicator began signaling trouble in 2022 and hasn’t stopped since, yet it has been incorrect at every turn so far. The yield on the 10-year Treasury note has been lower than many shorter-term bonds, a scenario known as an inverted yield curve, which has historically preceded nearly every recession since the 1950s. Traditionally, an inverted yield curve suggests a recession within one to two years. However, not only has a recession not occurred, but U.S. economic growth remains steady. This has left many on Wall Street questioning why this once-reliable…

Associated media - Connected media PHILADELPHIA — Tyrese Maxey has been patient. Despite uncertainties, he waited, and now the Philadelphia 76ers have rewarded him handsomely. A year ago, the 76ers asked Maxey to delay signing a contract extension, promising that it would be worth the wait. At the time, Maxey was not yet an All-Star and had not scored 50 points in a game. The delay allowed the team to manage their salary cap effectively, entering free agency with around $65 million to spend. This strategic move paid off when the 76ers landed Paul George from the Los Angeles Clippers with…

Connected media - Associated media DETROIT — Ford Motor Company fell significantly short of Wall Street’s expectations for second-quarter earnings, despite surpassing revenue forecasts, due to longstanding warranty issues that have plagued the automaker. Here is how the company performed compared to analysts’ estimates surveyed by LSEG: Earnings per share: 47 cents adjusted vs. 68 cents adjusted expected Automotive sector revenue: $44.81 billion vs. $44.02 billion expected Ford shares have risen about 15% this year as prices in the auto sector have remained more resilient than anticipated. However, as the industry-wide shift to electric vehicles progresses more slowly than expected,…