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Search resuls for: "Palmer Co"


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☆ Orders for the electric F-150 were so strong that Ford started building another factory next door to boost production
  + stars: | 2022-12-04 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +4 min
Ford had to literally tear down the walls of its factory to cope with demand for the electric F-150. "That surprised us – I think it surprised a lot in the industry, how ready people already were for electric vehicles," says Darren Palmer, who heads up Ford's electric vehicle (EV) program. Darren Palmer speaks with customers in front of a Ford F-150 Lightning. Despite recently committing $50 billion to its EV program over the next four years, the success of an electric F-150 was never certain. The 2022 Ford F-150 Lightning Lariat.
☆ Amazon is down 40% this year — is now the time to buy? Market pros give their take
  + stars: | 2022-11-22 | by ( Zavier Ong | ) www.cnbc.com   time to read: +4 min
Two market pros faced off on CNBC's " Street Signs Asia " on Thursday to make a case for and against buying the stock. Long-term investment story Veteran tech investor Gene Munster believes "there is no company like Amazon" when it comes to e-commerce and logistics. "We both know this has been the carrot that has been held out there forever when it comes to Amazon. It's not about revenue growth. Davidson, noted that Amazon is now a mature e-commerce company — one that requires $4.7 billion in incremental revenue just to post revenue growth of one-percentage point.
☆ Jeff Bezos is interested in bidding for the NFL's Washington Commanders, reports say
  + stars: | 2022-11-03 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +2 min
Jeff Bezos is interested in bidding for the NFL's Washington Commanders, multiple news outlets reported Thursday. The Washington Post is owned by Jeff Bezos. People reported Bezos' interest earlier Thursday. The reports came a day after current owner Dan Snyder hired Bank of America to explore a sale of the team. Bezos has a home in Washington, D.C., which is near the Commanders' stadium in Maryland.
☆ Amazon sell-off pushes market cap below $1 trillion for first time since April 2020
  + stars: | 2022-11-01 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +1 min
Shares of the e-retailer plunged 5.9% on Tuesday, falling for a fifth straight day and closing at their lowest since April 2020. Amazon said revenue during the holiday quarter would grow 2% to 8% over the year-ago period, far below analysts' estimates. It's the first time Amazon's market cap has been below $1 trillion since April 2020. Like the rest of Big Tech, Amazon has struggled this year due to a slumping economy, soaring inflation and rising interest rates. Meta told investors last week that revenue in the fourth quarter would likely decline for a third straight period.
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