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☆ Despite reasons for Ford's latest EV sales surge, there's a lot going right at the automaker
▼ + stars: | 2024-05-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double, even as the automaker was shifting resources away from the money-losing unit. Despite the volume increases, Ford Model e saw losses widen in Q1 to $1.32 billion on just $100 million in quarterly sales. Ford's hybrid sales in April rose almost 60% to 17,997 units. We believe a buyback would be a catalyst for Ford stock just like it has been for General Motors , which announced its repurchase plan back in November. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Michael Ward, Ford's, BEV, Ford, Ward, Jim Farley, Jim Cramer, That's, We're, Jim Cramer's, Jim, Danielle DeVries Organizations: Ford, Freedom Capital, Ford Model, ICE, Ford Blue, Ford Pro, General Motors, CNBC, New York Locations: EBIT

☆ The bull case for GM: Shares jump 14% year-to-date
▼ + stars: | 2023-07-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe bull case for GM: Shares jump 14% year-to-dateMichael Ward, The Benchmark Company, joins 'Power Lunch' to discuss the auto sector and his buy rating on GE as its shares trade lower.

Persons: Michael Ward Organizations: GM, Benchmark Company, GE

☆ General Motors shares dip after second-quarter earnings. Here's what the pros are saying
▼ + stars: | 2023-07-25 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeneral Motors shares dip after second-quarter earnings. Here's what the pros are sayingJim Cramer, Mark Fields of TPG Capital and Michael Ward of The Benchmark Company discussed General Motors after the company reported 2Q results that beat on revenue and raised its full-year guidance.

Persons: Jim Cramer, Mark Fields, Michael Ward Organizations: General Motors, TPG Capital, Benchmark Company, Motors

☆ Harrods is opening an ultra-exclusive members club in Shanghai that costs from $21,000 a year and is limited to 250 people
▼ + stars: | 2023-07-18 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Harrods is opening an exclusive member's club in Shanghai that costs from $21,000 yearly. Harrods announced Tuesday that it will open a new private member's club in Shanghai at the end of 2023 in a bid to appeal to the country's ultra-rich consumers. The company's managing director Michael Ward told Bloomberg that these shoppers made up 16% of Harrods' sales in 2022. "We always knew that shopping would go back to China," Ward told Bloomberg. According to estimates from Business of Fashion, Chinese luxury spending is expected to reach $107 billion by 2025.

Persons: Gordan Ramsay's, Gordon Ramsay's, Michael Ward, Ward Organizations: Harrods, Service, Harrods Tea, Scottish, Edrington Group, Bloomberg, Business of Fashion Locations: Shanghai, British, Harrods, Wall, Silicon, China, Cha

This should enable the automaker to reap tens of billions of dollars in additional profit, according to Reuters estimates, before it shifts completely to zero-emission electric vehicles in 2035. It never said when exactly it would stop producing gasoline-powered trucks and SUVs, though suppliers and analysts expected it would be well before 2035. GM plans to run its heavy-duty combustion pickups at both plants until 2035, according to AFS, which provides data and analysis to vehicle manufacturers and suppliers. The automaker will gradually reduce annual production of its big SUVs in Arlington as it begins to introduce new electric companions, starting around mid-decade. By 2030, AFS forecasts Arlington production could drop to around 200,000 vehicles, which could still produce at least $2 billion in pretax earnings.

Persons: Paul Jacobson, “, Jim Farley, May, Michael Ward, ” Ward, Paul Lienert, Joe White, Matthew Lewis Organizations: DETROIT, General Motors, GM, Reuters, U.S, United Auto Workers, ICE, Chevrolet Silverado, Ford, SEC, Arlington, AutoForecast Solutions, Ward, Benchmark, GMC, Silverado, GMC Sierra, AFS, Yukon XL, Thomson Locations: United States, Canada, Flint , Michigan, Arlington , Texas, Fort Wayne , Indiana, Oshawa , Ontario, Flint, Fort Wayne, Arlington, Oshawa, Suburban, Yukon, Ward, Detroit

To compound the problem, British shoppers are themselves starting to spend more in the European Union, where they can also reclaim the value-added tax (VAT) charged on goods. OWN GOALBurberry BRBY.L, Britain's biggest luxury retail brand, warned last year that London was losing out to other European cities over the VAT rule. "That's why tax-free was so important for them, and now we are the only country in Europe that doesn't offer it." Cadogan, the main landlord in the west London districts of Chelsea and Knightsbridge, whose estate spans over 90 acres, also called on the government to act. He said he had not considered the VAT issue before, because he was generally spending his parents' money.

WASHINGTON — The Supreme Court on Monday declined to block the release of Arizona Republican Party Chair Kelli Ward’s phone records to the House committee investigating the Jan. 6 riot at the Capitol. The justices rejected an emergency request filed by Ward, meaning that phone records associated with her T-Mobile cellphone will be disclosed to the House committee. The committee is pursuing only Kelli Ward’s records. At the Supreme Court, Ward argued that the subpoena violates her right to freedom of association under the Constitution’s First Amendment. Those actions have come under scrutiny by the Justice Department as well as the Jan. 6 committee.

The committee on Oct. 22 sent Trump himself a subpoena to testify under oath and provide documents. Trump, who is considering another run for the presidency in 2024, has accused the panel of waging unfair political attacks on him. Circuit Court of Appeals on Oct. 22 declined to put the subpoena on hold while Ward appealed. Ward and her husband, Michael Ward, both signed their names on one of the slates of alternate electors for Trump. Supreme Court Justice Elena Kagan had temporarily put the subpoena on hold on Oct. 28 while the full court decided how to proceed.

[1/5] Gingerbread themed decorations presented as part of ‘The Fabulous World of Dior’ installation hang from the facade of the Harrods store in London, Britain, November 10, 2022. REUTERS/Henry NichollsLONDON, Nov 10 (Reuters) - French fashion label Christian Dior kicked off the holiday shopping season in London on Thursday, unveiling a Christmas spectacle at Harrods – with tennis star Emma Raducanu presiding over the event. The LVMH-owned (LVMH.PA) brand outlined the London department store's façade with lights, emblazoning the entrance with an enormous star and filling the windows with sugar sculptures and merchandise. The elaborate holiday set up comes as the luxury sector grows strongly, with wealthy locals and deep-pocketed tourists splashing out on designer fashion despite soaring prices. Reporting by Hanna Rantala and Mimosa Spencer, Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

☆ Arizona GOP Chair Kelli Ward asks Supreme Court to block release of phone records to Jan. 6 committee
▼ + stars: | 2022-10-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Lawrencehurley_Pic.Jpg | Lawrence Hurley | ) www.nbcnews.com time to read: +3 min

WASHINGTON — Arizona Republican Party Chair Kelli Ward asked the Supreme Court on Wednesday to prevent her phone records from being disclosed to the congressional committee investigating the Jan. 6 riot. Circuit Court of Appeals, rejected Ward's arguments that the subpoena issued by the committee should be blocked. The committee is currently only pursuing Kelli Ward's records. At the Supreme Court, Ward argued the subpoena violates her right to freedom of association under the Constitution's First Amendment. Those actions have come under scrutiny by the Justice Department as well as the Jan. 6 committee.

☆ You'll see very strong earnings from General Motors on Tuesday, says Benchmark's Ward
▼ + stars: | 2022-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou'll see very strong earnings from General Motors on Tuesday, says Benchmark's WardMichael Ward, The Benchmark Company auto analyst, and Garrett Nelson, CFRA senior auto analyst, join 'Power Lunch' to discuss the bull case for General Motors and Ford, Nelson's thoughts on Ford in the mid- to long-term and more.

☆ Judge says Jan. 6 committee can get Arizona GOP Chair Kelli Ward's phone records
▼ + stars: | 2022-09-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +2 min

WASHINGTON — A federal judge in Arizona ruled Thursday that the House select committee investigating the Jan. 6, 2021, attack on the Capitol can see the phone records of Arizona Republican Party Chairwoman Kelli Ward and her husband. U.S. District Court Judge Diane J. Humetewa rejected the Wards' arguments in a February lawsuit that the congressional panel should be prevented from getting the phone records of the couple, who are doctors, because it would violate medical privacy laws. "That three-month period is plainly relevant to its investigation into the causes of the January 6th attack," she wrote. "The court therefore has little doubt concluding these records may aid the select committee’s valid legislative purpose." Humetewa also dismissed the Wards' arguments that the subpoena seeking their phone records violate their First and 14th Amendment rights and that releasing the records would risk that those the couple had contacted during the period could be "implicated in the largest criminal investigation in U.S.

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