General Motors Q3 sales drop 5.5%, while Toyota buoyed by EVs, hybrids
General Motors reported third-quarter sales declined 5.5% with 670,974 vehicles sold, while Toyota gained ground with electrified vehicles comprising over 57% of its sales.
Lucid’s Q3 deliveries fall 6.7% as EV maker cuts production to align with demand
Lucid Group reported a 6.7% decrease in quarterly vehicle deliveries as the EV maker reduced production to better match slower customer demand following operational changes under new leadership.
Churchill Downs (CHDN) Prices $500 Million Loan. Could Interest Costs Rise?
Churchill Downs priced a $500 million senior secured term loan due in 2033 at SOFR plus 175 basis points, with proceeds to refinance existing debt and support operations.
Pressure from the bond market hits a new level, and US stocks slide on worries about inflation
U.S. stocks declined as bond market pressure intensified following a stronger-than-expected economic report that raised inflation concerns, sending the 10-year Treasury yield to its highest level since before the 2007 financial crisis.
Darden Restaurants stock falls as Olive Garden reports slower growth
Darden Restaurants stock declined after reporting quarterly earnings that missed analyst expectations, with Olive Garden’s same-store sales growth slowing to 1.1%.
The ‘choose your own adventure’ earnings: Why retailers are handling tariff refunds so differently
Major retailers are handling tariff refunds differently following a Supreme Court ruling, with some using the money to lower prices while others boost shareholder profits, creating confusion for investors analyzing earnings reports.