Yesterday's brief hiccup in what has been an otherwise relentless rally in global risk assets is all but forgotten this morning, as European and Asian stocks, and US equity futures, all rise in quiet trading ahead of tomorrow's FOMC meeting, with the Dow set to make a 16th consecutive post-election all time high.
Alex Davies / Business Insider
Ford is changing things up: The Blue Oval is looking past its current success selling popular high-profit cars and trucks into a future where self-driving vehicles enable alternative forms of "mobility" -- and it's setting itself up to make sure that its profits continue to flow well into that future.
Ford Motor Co. slumped the most since December 2011 after the automaker said the cost of bringing the most vehicles ever to market will lead to a decline in its pretax profit next year.
The shares fell more than 8 percent in New York and trading as low $15.31 for the biggest intraday decline since Dec. 8, 2011. Through yesterday’s close the stock had advanced 29 percent this year, outpacing a 25 percent gain for the Standard & Poor’s 500 Index.
Sainsbury’s shares rise 2.2% after profits top forecastsSainsbury’s shares jumped straight to the top of the FTSE 100 leader board on Wednesday after the supermarket firm reported a 7% jump in underlying [...]Joshua Raymond
Shares of Internet search and advertising titan Google soared more than 13 percent to pass the $1,000 mark for the first time Friday after a strong earnings report.After pushing to $1,007, an hour into trade, the shares had eased to around the $1,000 level, helping push the S&P 500 to a new all-time high and delivering the Nasdaq Composite to its highest level since September 2000.After trade closed Thursday Google reported a 36 percent jump in its third-quarter net profit to $2.97 billion, or $8.75 a share. Revenues also beat forecasts with a 12 percent jump year-on-year.
EADS' shares rose by as much as 7% on its first half profits announcement Tuesday after the firm hiked cash forecasts. Its two biggest shareholders, Daimler and Lagardere, also announced they had been provisionally cleared of insider trading.