Ford reported second-quarter U.S. electric-vehicle sales Wednesday that rose sharply from a year ago, boosted by strength in sales of its F-150 Lightning electric trucks.
Guggenheim is concerned that Tesla price cuts “pulled forward” demand, which could create challenges for the future.
Quest Diagnostics Inc. said Wednesday it has entered a definitive agreement with pension fund OMERS to acquire LifeLabs, a Canadian provider of community laboratory services, for about C$1.35 billion ($985 million), including net debt.
Mortgage rates are hovering just below 7%, but there are ways for home buyers to get much lower rates.
Sales of new cars and trucks in the U.S. fell in June to a five-month low — and criminal computer hackers are largely to blame.
Shares of Germany’s Northern Data fell 8% on Wednesday, one day after a surge on a report it may list its cloud computing and data center business in the U.S.
The U.S. international trade deficit widened 0.8% in May to $75.1 billion, the Commerce Department said Wednesday. It is the largest deficit since October 2022.
Shares of Koss Corp. were surging 18.4% in premarket trades Wednesday as the headphone maker resumed its rally amid a resurgence of interest in meme stocks.
