The company estimated that duties on imported cars and car parts would cost it $2 billion this year.
Category: Company Reports
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Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China
Germany’s leading luxury automakers are sharply scaling back expectations for the rest of the year.
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Starbucks Earnings Show Same-Store Sales Slid Amid Turnaround Effort
The C.E.O., Brian Niccol, said the coffee chain’s turnaround is in progress, and sales in China increased for first time in more than a year.
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Boeing Reports Strongest Revenue in Six Years
Although the aerospace company lost money in the second quarter, it built and sold more planes as it recovered from quality crises and a workers strike.
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UnitedHealth’s Profits Fall as Costs of Care Continue to Rise
In the latest quarter, higher costs were felt across the company’s vast health insurance operations.
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Tesla Expected to Report Falling Profit as Car Sales Fall
Elon Musk has said that robotaxis are the company’s future, but most revenue still comes from cars.
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Will the Trump’s Tariffs Spoil Earnings Season?
General Motors is the latest company to record a hit from the president’s trade war. But so far, investors remain upbeat.
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G.M. Profit Shrinks on Billion-Dollar Tariff Hit
General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.
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Stellantis Says Profit Plunged as Tariffs Began to Bite
The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices.
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Netflix’s Net Income Leaps to $3.1 Billion
It was another strong quarter for the streaming giant, which generated $11.1 billion in revenue.
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For Big Banks, the Trump Era Is Proving Profitable Thus Far
JPMorgan’s Jamie Dimon lauded the “resilient” U.S. economy as his bank reported bumper quarterly earnings.
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Delta’s Stock Soars on Signs of ‘Stabilized’ Demand
The airline reported better earnings than expected for its latest quarter, and restored its forecast for the rest of the year.