Toyota''s president said he celebrated when the automaker topped the US sales list in 2021. "I actually did a little happy dance in my office," Akio Toyoda told dealers, per Reuters. Supply shortages are starting to bite, however, as Toyota cut October''s global production forecast. The president of Toyota Motor Corporation said he was so thrilled when the Japanese automaker became the top-selling automaker in the US in 2021 that he started dancing. "I actually did a little ''happy dance'' in my office," Akio Toyoda told a network of the automaker''s dealers, according to a video seen by Reuters at a press briefing Thursday. "Thankfully nobody saw it!" Toyoda said. GM had enjoyed a decades-long run at the top of the US market but was dethroned last year after a series of supply chain shortages hampered its output. GM sold 2.2 million cars in 2021, a 13% fall from the previous year''s 2.5 million. Toyota, on the other hand, saw the sales of its vehicles — which includes the popular Tacoma Pickup range — rise by 10.4% to 2.3 million cars.
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Akio Toyoda celebrated when Toyota overtook GM, which had enjoyed a long run as the bestselling carmaker in the US.
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Dow futures changed little overnight, along with S&P 500 futures and Nasdaq futures, with nike ( NKE ) And the micron technology ( mo ) Earnings are in focus and the Fed’s favorite inflation gauge is on deck. X The stock market sold out heavily on Thursday, erasing Wednesday’s gains. The S&P 500 has reached its lowest levels in a bear market. The Nasdaq Composite didn’t quite cut its June lows, but the big Nasdaq 100, led by Apple Inc. Tesla ( TSLA ). Treasury yields rebounded somewhat on Thursday, while unemployment claims fell to a five-month low, something the Fed doesn’t want to see. apple ( AAPL ) And the Carmax ( KMX ) caused massive losses on Thursday. After paring losses on Wednesday due to a report of iPhone production cuts due to weak demand, Apple shares sold sharply on Thursday, in part due to an analyst downgrade, with iPhone chip makers also suffering. Carmax ( KMX ) severely lost earnings views Thursday morning, warning of “affordability challenges.” For largely similar reasons, Moody’s lowered its outlook for the global auto industry to negative from stable.
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NEW YORK : Wall Street stocks suffered another ugly rout on Thursday (Sept 29) as US bond yields resumed their upward climb on a bruising day for shares of Apple and other tech giants. Thursday''s economic reports included data showing a drop in weekly US jobless claims that point to a strong labor market likely to keep the Federal Reserve focused on its current policy of countering inflation. “Risky assets don’t stand a chance of a meaningful rally if the economy continues to show resilience while inflation continues to be significantly above the Fed’s funds rate,” said Oanda’s Edward Moya. The broad-based S&P 500 dropped 2.1% to 3,640.47, its lowest close since November 2020. The Dow Jones Industrial Average lost 1.5% to 29,225.61, while the tech-rich Nasdaq Composite Index tumbled 2.8% to 10,737.51. FHN Financial''s Chris Low said investors were also unnerved by market volatility in Britain after Prime Minister Liz Truss doubled down on a controversial tax cut policy that has rattled markets.
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Improvements in vehicle production will lead to modest gain in Q3 auto sales, experts say. But inventories are still an issue.
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Auto stocks are sliding on worries of a potential economic slowdown.
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[Editor’s note: “The Global EV Disruption Is Your Million-Dollar Opportunity ” was previously published in November 2021 . It has since been updated to include the most relevant information available.] When it comes to identifying next-generation breakthrough investments that could rise 100%, 200%, 500%, or more, I always come back to one saying. Where there’s disruption, there’s opportunity . Case in point: the internet. Throughout the 1990s, the internet rapidly disrupted how people across the globe worked, played, and communicated. For many, it was a scary time. Change is never easy. For many more, it was an exciting time. The internet was unlocking a new world of possibilities. But… for investors… it was an opportunity. Specifically, it was a once-in-a-decade opportunity to invest early in the emerging titans of disruptive industry. Think Amazon ( AMZN ), when it was a $438 million company in 1997… It’s a $1.2 TRILLION company today – representing a whopping 365,000%-plus return. That means a mere $1,000 investment in Amazon in 1997 would be worth more than $3.6 million today.
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Bob Galyen brings 46 years of battery industry experience which includes his time as CTO of CATL, the world''s largest manufacturer of lithium batteries with over 84,000 employees FISHERS, IN / ACCESSWIRE / September 29, 2022 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, today announced that its majority-owned ReElement Technologies LLC division ("ReElement") has added battery industry veteran and expert Bob Galyen to its advisory board. Mark Jensen, CEO of American Resources Corporation commented, "We are honored and excited that Bob has agreed to join the ReElement advisory board at such an exciting moment for our Company. From our conversations and his multiple visits to our facility in Noblesville, Indiana, it became very apparent that Bob was a natural fit for our team and culture.
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GM pulls back for a retest of the June/July lows….GM
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Currently, General Motors Company’s (GM) stock is trading at $35.00, marking a gain of 0.83% from last night’s close. At this price, the stock is -47.93% below its 52-week high of $67.21 and 15.39% above its 52-week low of $30.33. Based on the past 30-day period, the stock price is -17.78% below the high and […]
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Taxpayers deserve some assurance that colleges won’t just do more of the same.
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General Motors executives delayed their return-to-office plan after facing fierce resistance from facing criticism from employees over their handling of its rollout.
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By David Shepardson (Reuters) – General Motors Co on Tuesday said it will not mandate workers return to offices before 2023 after it had told them on Friday that they would be expected to work three days on-campus each week later this year.
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ROSEMONT, IL / ACCESSWIRE / September 27, 2022 / Assembly manufacturing professionals from Apple, Caterpillar, Delta Faucet, GE Aviation, General Motors, Honda, Kohler, Motorola, Northrop Grumman, Stanley Black & Decker, Subaru, Whirlpool, Yamaha and many more have already registered to attend the 10 th Annual ASSEMBLY Show to see the newest technologies on display from 250+ exhibiting companies. These industry professionals will have a chance to explore hands-on exhibit, network with peers, and learn from subject matter experts at this trade show and conference taking place at the Donald E. Stephens Convention Center in Rosemont, IL from October 25-27, 2022. "For the last decade the ASSEMBLY Show has been the leading event exclusively for assembly manufacturing, and we are proud to be celebrating this milestone and welcoming all our charter exhibitors who helped us launch the event back in 2013. Exhibitors on the trade show floor will be showcasing the latest solutions in autonomous & electric mobility, fastening tools, pressing and riveting, robotics and for the factory of the future," said Bill DeYoe, Publisher of ASSEMBLY Magazine, producers of the trade show and conference. "There''s a lot to love about The ASSEMBLY Show , but perhaps the best part is that it''s FREE to attend for assembly professionals if they register by September 30 th ." Save the $30 on-site registration fee and register now .
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SAIC Motor and Pony.ai will build cars equipped with Level 4 autonomous driving systems to promote Shanghai’s autonomous driving sector and relevant policies.
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On CNBC’s “ Halftime Report Final Trades ,” Jim Lebenthal of Cerity Partners chose General Motors Company (NYSE: GM ), saying that discretionary stocks had “held up pretty well” for the last three months. “There is a reason for that strength. It’s undervalued, with good demand,” he added. Bryn Talkington of Requisite Capital Management said Wynn Resorts, Limited (NASDAQ: WYNN ) could … Full story available on Benzinga.com
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General Motors Company (NYSE:GM) price is hovering lower on Monday, September 26, dropping -0.56% below its previous close. A look at today’s price movement shows that the recent level at last check reads $35.48, with intraday deals fluctuating between $34.835 and $36.72. The company’s 5Y monthly beta was ticking 1.27 while its P/E ratio in … General Motors Company Still Hasn’t Convinced Analysts? Read More »
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GM has told its corporate staff they''ll need to work in the office three days a week. It marks a shift away from the flexible-working policy announced in 2021 by CEO Mary Barra. High-profile companies are increasingly telling employees they need to return to the office. General Motors has told its corporate staff they''ll soon need to work in the office at least three days a week, marking a shift away from the company''s flexible-working policy. "Employees who transitioned to working remotely some or all of the time during the pandemic will pivot to a more regular in-person work cycle, and they will now be expected to work three days on-campus each week," Maria Raynal, a GM spokesperson, told Insider, adding that the new policy will come into effect later this year. GM CEO Mary Barra announced in April 2021 a companywide "Work Appropriately" policy, whereby staff were permitted to work remotely if their jobs enabled them to do so. Raynal told Insider that GM was changing its policy to drive "collaboration, enterprise mindset, and impact" as the company prepares to launch as many as 22 electric vehicles by 2023 .
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GM is changing its remote-working policy as it prepares to launch as many as 22 electric vehicles by 2023.
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Amid multiple signs that the electric-vehicle revolution in the U.S. is accelerating and at a time when the governments in America are going to unleash billions of dollars of funds for EV charging stations, now is a very good time to buy EV charging stocks. U.S. EV sales jumped 60% year over year in the first half of 2022 , while Ford’s (NYSE: F ) EV sales exploded 307% year and year in August and Tesla’s (NASDAQ: TSLA ) U.S. sales jumped 105% YOY last month . Explaining why he had decided to purchase Tesla (NASDAQ: TSLA ) stock after being bearish on it for years, veteran investment manager Brad Gerstner said on Sept. 15, “The world is moving now wholesale, both for geopolitical realities and for energy realities, in the direction of electrification.” Eventually, EV charging stations will generate more profits than gasoline stations. As a result, a few EV charging stocks can indeed jump tenfold in the next eight years. Finally, in a sign that funds will soon start to flow to EV charging companies, the Biden administration recently appointed veteran transportation administrator Gabe Klein to supervise the deployment of the funds.
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GM is ordering a return to office by remote workers, starting with three days a week, as the RTO trend continues among large corporations.
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gm Continue reading on Medium »
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TOLEDO, Ohio (AP) — General Motors says it will spend $760 million to renovate its transmission factory in Toledo, Ohio, so it can build drive lines for electric vehicles. It’s the first GM engine or transmission plant to begin the…
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TOLEDO, Ohio - General Motors says it will spend $760 million to renovate its transmission factory in Toledo, Ohio, so it can build drive lines for electric vehicles. It''s the…
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General Motors announced today that it would be investing over three quarters of a billion dollars in converting an ICE powertrain facility.
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Rental car company Hertz Global Holdings plans to order up to 175,000 General Motors Co electric vehicles over the next five years, its latest move toward zero-emission models. The multi-billion dollar, multi-year deal could be the first of many GM agreements to supply electric vehicles to rental car companies, said Steve Carlisle, the automaker’s North […]
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The Dearborn automaker has promised to produce 2 million electric vehicles by 2026.
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There''s a lot of buyer interest in the electric Hummer now being offered by Chevrolet. But there''s limited capacity to build them, and now General Motors has stopped taking orders for the massive EV.
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[Editor’s note: “How to Play Tesla’s Inevitable Demise ” was previously published in June 2021 . It has since been updated to include the most relevant information available.] Fortune favors the bold. Let’s hope fortune favors me when I say it may be time to bet against Tesla ( TSLA ). Full disclosure: We own TSLA stock in our Innovation Investor portfolio. How could we not? Elon Musk & Co. are at the forefront of three of the most disruptive technological shifts in the world today – EVs, solar, and battery storage. But I’ve been putting some serious thought into finding innovative, disruptive tech companies with the potential for 2X, 5X, or 10X-plus gains. While Tesla still has the potential for upside, we think there’s a much, much bigger opportunity elsewhere. I’m growing increasingly bullish on the idea that Lucid Motors ( LCID ) is about to eat Tesla’s lunch . And as a result, Tesla stock will struggle in the coming years while Lucid Motors stock will roar higher. It’s a bold claim, I know.
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The number of reservations is notable because of the starting prices of the vehicles, which range between roughly $85,000 and $111,000.
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The plant, which has about 1,700 employees, makes transmissions for front-wheel and rear-wheel drive full-size trucks, cars and SUVs.
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Volvo''s EV range to date has been limited to smaller vehicles like the C40 Recharge , but it''s now ready to tackle the high end. The company has announced that it will reveal the "flagship" EX90 electric SUV on November 9th. While the brand is unsurprisingly shy on details, it claims the new model will offer the best standard safety features of any Volvo to date. The trick is an improved "understanding" of both the driver and the environment. The EX90 will supposedly include a cutting-edge sensor array that includes cameras, radar and LiDAR on the outside. In the cabin, more cameras and capacitive steering wheel sensors will detect inattentiveness and take gradually more drastic actions to protect you, including stopping the car at the side of the road and calling for help. Some of these safety concepts aren''t new. Systems like GM''s Super Cruise check that your eyes are on the road, while Tesla cars will disable Autopilot and come to a stop if you don''t put your hands on the wheel. Volvo is clearly hoping it offers the best safeguards of the bunch, though, and LiDAR might provide an advantage over rivals like Tesla (which doesn''t use LiDAR) and Lucid (still a relatively small brand).
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Visa (V) and GM Sectec, a firm specializing in cybersecurity, have strengthened their alliance to improve fraud prevention, cyber defense, and cybersecurity best practices in the…
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GM wants to exclusively sell electric vehicles by 2035, and it’s now trying to nudge the US government toward the same goal. The automaker has teamed up with an advocacy group, the Environmental Defense Fund (EDF), to develop recommended principles for the Environmental Protection Agency’s (EPA) car emissions standards from the 2027 model year onward. […] GM wants to help shape the EPA’s next clean car standard | Engadget
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Car-rental company Hertz struck a deal with General Motors for up to 175,000 electric vehicles through 2027 as it aims to create North America’s largest EV rental fleet.
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General Motors Company (NYSE: GM ) and Hertz Global Holdings Inc (NASDAQ: HTZ ) have entered into an agreement through which the former will sell up to 175,000 electric vehicles (EV) to the latter over the next five years. The EVs include Chevrolet, Buick, GMC, Cadillac, and BrightDrop. Over the agreement … Full story available on Benzinga.com
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General Motors is going from electric cars to electric carts.
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Futures Slide As Hawkish Rikshock Sends Dollar, Yields Higher Again Ahead Of Fed Market sentiment was quite cheerful heading into the overnight session, with futures hitting a third-day high of 3,936 thanks to yesterday'' late day delta squeeze (plunge in VIX as both calls and especially puts were sold) but then it quickly soured after first German PPI came in at a mindblowing 45.8% (vs expectations of 37.1%) the highest on record since World War II… ...but what really spooked futures was the record hike by the Swedish central bank, the Riksbank, which pushed the repo rate higher by a more than expected 100bps to 1.75%, and even though the central bank eased back on terminal rate expectations, the market still saw the Riksbank surprise as potentially indicative of what the BOE and Fed may do in the coming hours. As such, European stocks fell with US equity futures, giving up early gains, as traders braced for another supersized US rate hike amid rising anxiety the Federal Reserve could overtighten and raise the odds of a hard landing.
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Check out the stocks making headlines after the closing bell on Monday, Sept. 19.
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General Motors is investing nearly a half billion dollars into manufacturing techniques that will increase EV production rates.
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The Central Bank of Nigeria (CBN) should stop defending the dollar through subsidies while the Federal Government must muster the political will to end the era of subsidy payment on petrol to stabilise the economy, the founder & Executive Vice Chairman, CWG Plc, Austin Okere, said at the weekend. In an interview with The Nation , Okere rejected these two subsidies, arguing that they were responsible for the economic haemorrhaging. He called for the imposition of tax on the rich and elite class who hardly pay or pay miserable tax to the government. The conference had “Championing a Forward Thinking Africa” as the theme. “The economy is the way it is because there’s an imbalance. That imbalance is as a result of spending more than you are earning. So if you look at the debt, and we’ll keep adding on to it, don’t worry about the debt. Check. How is the debt coming about ? The debt is coming about, by unsustained nibble subsidies. “The true value of the dollar is about N700. If I sell it to you at N450, I’ve subsidised you by over N300.
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Martha''s Vineyard Is Just The Start: Ron DeSantis Has Big Plans On Immigration Authored by W.James Antle III via 19fortyfive.com, Ron DeSantis’ Immigration Moves Not Limited to Martha’s Vineyard: Florida Gov. Ron DeSantis has been trying to establish himself as a conservative leader on a number of issues. The latest is immigration . Like other Republican governors , DeSantis is trying to contrast himself with the policies of President Joe Biden . Before inflation, there was no greater flashpoint than immigration . DeSantis wants faraway affluent liberal communities to get a small sense of what the Biden-era migrant surge is doing to border communities. The residents of Martha’s Vineyard are not amused . But there is more to DeSantis’ immigration insurgency than dropping undocumented migrants off in blue cities (something the Biden administration itself might be contemplating ). The Florida governor is vying for leadership of the populist and nationalist right, ascendant factions of the conservative movement and Republican Party, as surely as he is seeking reelection in November.
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gm Continue reading on Medium »
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If you want to be an internet-age version of General Motors or IBM, you need to sell something people want and steer clear of political pitfalls A question: what’s the average lifespan of an American company? Not any old company, mind, but one big enough to figure in Standard and Poor’s index of the 500 largest. The answer is surprising: the seven-year rolling average stands at 19.9 years. Way back in 1965 it was 32 years and the projections are that the downward trend will continue. Remember that we’re talking averages here. The trend doesn’t mean that no companies currently extant will get to their first century. Some almost certainly will, as some have in the past: AT&T, for example, is 137 years old; General Electric is 130; Ford is 119; IBM is 111; and General Motors is 106. But most companies wither or are gobbled up long before they qualify for a telegram from the president. Continue reading…
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The annual Detroit Auto Show is open to the public from Sept.17 to Sept. 25, with electric vehicles the primary focus as the Big Three automakers began unveiling their all-new electric fleets in 2022. What Happened: On Sept. 8, General Motors Company (NYSE: GM ) announced the rollout of the 2024 Equinox EV, with a starting price of roughly $30,000 and a 300-mile range when fully charged. “It’s an affordable game-changer, offering an uncompromising experience, with more features, that won’t change your daily routine — except that you will no longer have to stop at the gas station.” said Mary Barra , Chair and CEO … Full story available on Benzinga.com
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gm Continue reading on Medium »
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I drove a Tesla for the first time and came away impressed with the much-hyped brand. The Model Y''s sleek interior, speedy acceleration, and innovative tech features set it apart. But its oversized touchscreen and lack of physical buttons isn''t for everyone. Tesla created and dominates the burgeoning market for electric vehicles. But can the startup''s popular cars withstand a barrage of competitors from titans like Ford , General Motors, and Volkswagen? That''s the big question I sought to answer when I got behind the wheel of a new Tesla Model Y SUV earlier this month. After testing more than a dozen battery-powered rides in the last year — but never one made by Elon Musk — I wondered whether Teslas can live up to the hype or not. Put differently: Are the company''s fanatical supporters right, or are its cars nothing special? I borrowed a friend''s Tesla to find out for myself. (The company doesn''t offer press loans, so journalists have to get creative.) First, the basics The Tesla Model Y.
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DETROIT (AP) — General Motors said Thursday it will spend $491 million to expand and upgrade an Indiana metal stamping plant for production of steel and aluminum stamped parts for “future vehicles,” including electric vehicles. The automaker said it would install two new press lines, complete press and die upgrades and make renovations to the […] The post GM plans Indiana plant upgrade to support EVs appeared first on Supply Professional .
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As part of GM’s plans to provide “EVs for everyone,” the automaker says it will be upgrading its Marion, Indiana, assembly plant. The post GM is investing half a billion to upgrade Indiana factory to support EV production appeared first on Top Tech News .
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Bengaluru teenager Pranav Anand became India''s 76th Grandmaster after he crossed the 2,500 Elo mark in the ongoing World Youth Chess Championship in Mamaia, Romania. The 15-year-old, having already met the other requirements that are necessary for a GM title, achieved the honour late on Thursday. To become a GM, a player has to secure three GM norms and cross the live rating of 2,500 Elo points. Anand had scored the third and final GM norm at the 55th Biel Chess Festival in Switzerland in July. "He is passionate towards chess. Extremely interested and passionate towards the game. He can work for any number of hours," Anand''s coach V Saravanan told PTI. "He is especially good in calculation and end games…they are his two biggest strengths right now," Saravanan said about his ward''s ninth round win in the under-16 section of the World Youth Chess Championship 2022. "Also, the most important reason for Pranav''s achievement is the dedication of his family, his mother, father...They
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World Wrestling Entertainment (WWE) is down 1.7% today alongside a downgrade to Neutral at Northcoast Research, which believes the stock''s run has brought it into line
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Bill Pugliano/Getty Images Entertainment The World Wrestling Entertainment (NYSE:WWE) board has found former CEO Vince McMahon paid $5M in previously unaccounted expenses to Donald Trump''s…
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https://www.investing.com/news/pro/world-wrestling-entertainment-pt-raised-to-83-at-benchmark-says-stock-could-hit-100-432SI-2874647
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World Wrestling Entertainment, Inc. (NYSE:NYSE:WWE) Q2 2022 Earnings Conference Call August 16, 2022 08:30 AM ET Company Participants Seth Zaslow - Senior Vice President & Head-Investor…
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The following slide deck was published by World Wrestling Entertainment, Inc.
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https://www.investing.com/news/pro/world-wrestling-entertainment-pt-raised-to-94-at-guggenheim-432SI-2873960
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World Wrestling Entertainment Inc (NYSE: WWE ) reported second-quarter FY22 sales growth of 24% year-on-year, to $328.20 million, beating the consensus of $315.52 million. The operating expenses for the quarter rose 26% to $196.9 million. The operating margin was 21.1%, and operating income for the quarter rose 50% to $69.3 million. The company held $443.5 million in cash and equivalents as of June 30, … Full story available on Benzinga.com
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An investigation for investors in World Wrestling Entertainment, Inc. (NYSE: WWE) shares over potential securities laws violations by World Wrestling Entertainment, Inc. was announced. San Diego, CA -- ( SBWIRE ) -- 08/15/2022 -- An investigation was announced for investors in World Wrestling Entertainment, Inc. (NYSE: WWE) shares over potential securities laws violations in connection with certain financial statements. Investors who purchased shares of World Wrestling Entertainment, Inc. (NYSE: WWE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on whether a series of statements by World Wrestling Entertainment, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made. Stamford, CT based World Wrestling Entertainment, Inc., an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
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World Wrestling Entertainment (WWE) is scheduled to announce Q2 earnings results on Thursday, August 11th, after market close.The consensus EPS Estimate is $0.55 (+61.8% Y/Y) and…
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Former World Wrestling Entertainment, Inc. (NYSE: WWE ) CEO Vince McMahon is once again in the hot seat after a new U.S. Securities and Exchange Commission (SEC) regulatory filing. What Happened: The filing disclosed another $5 million in payments made by McMahon on two separate occasions in 2007 and 2009. This SEC filing will now delay WWE reporting its quarterly earnings. The company released a preliminary earnings report on July 25, which shared that from the period of 2006 to 2022 there had been payments made by McMahon totaling $14.6 million. The Wall Street Journal revealed that those “hush money” payments are under investigation by federal prosecutors and the SEC for allegations of misconduct against McMahon. Also Read: WWE Probe Of Former CEO Vince McMahon Reveals $14.6M In Unrecorded Expenses This SEC filing divulged that the $5 million in “unrecorded expenses” wasn’t related to that investigation and … Full story available on Benzinga.com
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World Wrestling Entertainment (WWE) has named former Snap (SNAP) executive Craig Stimmel as its head of global sales and partnerships
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The work that World Wrestling Entertainment and Snap Inc. have been doing of late must have impressed Craig Stimmel, as he left his role as head of global brands for Snapchat to become senior vice president and head of global sales and partnership at WWE. Stimmel joined Snap in August 2019 after more than eight…
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WWE (NYSE: WWE) today announced the appointment of Craig Stimmel as Senior Vice President and Head of Global Sales & Partnerships. Stimmel, who previously held leadership roles across Snapchat, Procter and Gamble and NCR, will report to WWE Chairwoman & co-CEO Stephanie McMahon and WWE co-CEO Nick Khan. As head of WWE’s Global Sales & Partnerships division, Stimmel will be a key member of the
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WWE has always been a business that relies on fan support to survive, something the new management team understands. Read why WWE stock is a Hold right now.
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WWE (NYSE: WWE) announced that its Board of Directors today declared the Company’s regular quarterly dividend of $0.12 per share for all Class A and B shares of common stock. The record date for the dividend will be September 15, 2022 and the payment date will be September 26, 2022. About WWE WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized
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https://www.investing.com/news/pro/world-wrestling-entertainment-pt-raised-to-80-at-benchmark-432SI-2853934
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Professional wrestling promotion World Wrestling Entertainment, Inc. (NYSE: WWE) recently announced the appointment of Stephanie McMahon and Nick Khan as co-Chief Executive Officers of the company. The appointments come in the wake of Vince McMahon’s retirement announcement on Friday, July 22. Following the news, shares of the company gained by almost 8% to close at $71.41 in yesterday’s extended trade. WWE Moves Quick to Fill Key Leadership Roles Following Vince’s Exit Lately, the company’s erstwhile CEO and Chairman, Vince McMahon, has been riddled with controversies related to hush-money agreements paid over alleged affairs with former WWE employees. Notably, MacMahon continues to be the majority shareholder of the company. Meanwhile, Ms.
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Shares of World Wrestling Entertainmen t (NYSE: WWE ) closed higher by over 8% following mixed news. First, Loop Capital analyst Alan Gould upgraded WWE stock from “hold” to “buy” and increased its price target from $69 to $90. Second, WWE disclosed that it had incurred $14.6 million in unrecorded expenses that were paid out by former CEO Vince McMahon. The money was paid to several women between 2006 and 2022 to “ensure silence” on matters related to sexual misconduct. As a result, WWE will have to restate its financial results between 2019 and 2021 to reflect the additional expenses. The wrestling company also hinted that additional entities may be investigating McMahon’s actions. WWE added: The Company has also received, and may receive in the future, regulatory, investigative and enforcement inquiries, subpoenas or demands arising from, related to, or in connection with these matters. In addition, WWE originally scheduled to report earnings on Aug. 9. That date may be postponed as it works to revise its financial results.
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Pro wrestling kingpin was responsible for WrestleMania and the Attitude Era, but career was also full of controversies.
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PHILADELPHIA, July 23, 2022 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating World Wrestling Entertainment Inc. ("WWE" or the "Company") (NYSE: WWE ) on behalf of the Company''s investors. On June 15, 2022, The Wall Street Journal reported that WWE''s Board of Directors was investigating "a secret $3 million settlement that longtime chief executive Vince McMahon agreed to pay to a departing employee with whom he allegedly had an affair." On July 8, 2022, The Wall Street Journal further reported that McMahon had "agreed to pay more than $12 … Full story available on Benzinga.com
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PHILADELPHIA, July 23, 2022 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating World Wrestling Entertainment Inc. (“WWE” or the “Company”) (NYSE: WWE) on behalf of the Company’s investors.
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World Wrestling Entertainment (WWE) said Friday Vince McMahon plans to retire.Last month, McMahon stepped down from chairman and CEO roles amid an ongoing probe into an alleged secret…
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NEW YORK, July 15, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against TG Therapeutics, Inc. (NASDAQ: TGTX), Allianz SE (OTCMKTS: ALIZY), GoodRx Holdings, Inc. (NASDAQ: GDRX), and World Wrestling Entertainment, Inc. (NYSE: WWE). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
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LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of World Wrestling Entertainment, Inc. (“WWE” or the “Company”) (NYSE: WWE) on behalf of investors concerning the Company’s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On June 15, 2022, the Wall Street Journal reported that an investigation was underway regarding an alleged $3 million settlement that the Company’s Chief Executive
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WWE (NYSE: WWE), Dallas Mayor Eric Johnson and Arlington Mayor Jim Ross today announced that WrestleMania generated $206.5 million in economic impact for the Dallas/Arlington region this past April, according to a study conducted by the Enigma Research Corporation. This marks a new company record and the first time in history that WrestleMania has generated more than $200 million in economic impact.
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Celebrity guest appearances. Hefty wrestler salaries. An M&A deal with a rival promotion. A state-of-the-art training facility. Those are just some of the things that cost World Wrestling Entertainment Inc. (NYSE: WWE ) less — and in some cases a lot less — than the sum of money that the company''s longtime honcho, Vince McMahon , allegedly paid women to keep allegations of sexual misconduct a secret. According to a recent Wall Street Journal report, McMahon spent more than $12 million in exchange for the silence of four former WWE employees. In one claim, McMahon, 76, allegedly coerced a woman into performing oral sex. He subsequently fired her after she rejected further advances and paid her $7.5 million as par of a nondisclosure agreement. In another case, McMahon paid $3 million to a former female employee with whom he allegedly had an affair. Another former WWE contractor received roughly $1 million; McMahon sent the woman unsolicited nude photos and allegedly sexually harassed her in the workplace.
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NEW YORK (AP) — The longtime World Wrestling Entertainment impresario Vince McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity, the Wall Street Journal reports. The amount is significantly larger than what was previously known. Four women — all formerly affiliated with WWE — signed agreements with McMahon, 76, that bar them from discussing their relationships with him, the Journal reported on Friday, citing people familiar with the deals and documents it reviewed. McMahon stepped down as CEO and chairman of WWE in mid-June during an an investigation into the alleged misconduct and the Journal reported at the time that he had agreed to pay $3 million to a former paralegal who said he sexually harassed her on the job. McMahon will continue to oversee WWE’s creative content during the investigation. WWE named McMahon’s daughter, Stephanie, interim CEO and chairwoman during the investigation into his alleged misconduct though he continued to oversee the company’s creative side.
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Washington [US], July 8 (ANI): Pat McAfee has confirmed he will stay with World Wrestling Entertainment (WWE). The sports-entertainment giant has announced that McAfee has signed a multi-year contract extension. McAfee will continue to be a member of the ‘SmackDown Live’ commentary team alongside Michael Cole. Specific terms of the deal were kept undisclosed. McAfee […]
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Vince McMahon, CEO of World Wrestling Entertainment (WWE), paid out far more than expected to quell allegations of sexual misconduct, the WSJ reports - more than $12M over the past…
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Pat McAfee signed a multiyear extension with the integrated media organization, World Wrestling Entertainment (WWE).
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WWE (NYSE: WWE) today announced that Pat McAfee has signed a multiyear extension with WWE. Since April 2021, McAfee has served as an analyst, alongside Michael Cole, for Friday Night SmackDown at 8 pm ET live each week on FOX. The new pact will see McAfee entertaining the WWE Universe for years to come. Earlier this year, McAfee delighted fans and lit up social media with a WrestleMania
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STAMFORD, Conn.--(BUSINESS WIRE)--WWE® (NYSE: WWE) today announced that Pat McAfee has signed a multiyear extension with WWE. Since April 2021, McAfee has served as an analyst, alongside Michael Cole, for Friday Night SmackDown at 8 pm ET live each week on FOX. The new pact will see McAfee entertaining the WWE Universe for years to come. Earlier this year, McAfee delighted fans and lit up social media with a WrestleMania debut for the ages at AT&T Stadium in Dallas when battling Theory, Mr.
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World Wrestling Entertainment fans can tweet their way to SummerSlam July 30 at Nissan Stadium in Nashville, Tenn. Through Thursday (July 7) at 11:59 p.m. ET, fans can use the hashtag #SummerSlamContest and tweet about why they should receive two floor seats to the event, hotel and airfare. The winning tweet will be part of…
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On June 17, World Wrestling Entertainment (NYSE: WWE) was another standout decliner, falling after a hush-money scandal forced a major… Continue reading The post Here’s what’s next for WWE stock as it shows signs of recovery appeared first on Finbold .
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NEW YORK, July 03, 2022 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of World Wrestling Entertainment, Inc. (NYSE: WWE) resulting from allegations that WWE may have issued materially misleading business information to the investing public.
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Logan Paul , a popular YouTuber and professional boxer has officially signed a multi-year contract with the World Wrestling Entertainment, Inc. (NYSE: WWE ) organization. As part of the agreement, Paul will attend several high-profile events for the remainder of 2022 and 2023. Paul has been an infrequent visitor to WWE stomping grounds since being stunned by Kevin Owens at WrestleMania 37 in 2021 when he received a "Stone Cold Stunner" and made his actual ring debut at WrestleMania 38 in 2022 when he paired up with The Miz to triumph over the legendary father-son duo of Rey and Dominik Mysterio (The Mysterios) . The exact details of Paul’s contract have not been released. The appointment of one of the Paul brothers would undoubtedly benefit WWE''s brand. Still, it comes … Full story available on Benzinga.com
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Xfinity partnered with G4 and World Wrestling Entertainment on Arena, a new monthly series for television, Twitch and YouTube. G4 host Gina Darling and WWE Superstar Xavier Woods (aka Austin Creed) will host Arena, which will feature celebrities, professional athletes, streamers--including Twitch streamers Myth and QTCinderella--and WWE Superstars airing out their personal grievances. Arena will…
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NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, reminds investors it is investigating whether certain directors and officers of World Wrestling Entertainment, Inc. (“WWE”) (NYSE: WWE) breached their fiduciary duties to WWE and its shareholders. If you are a WWE shareholder, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982, or jpettigrew@scott-scott.com. Scott+
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Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national securities and consumer rights litigation firm, reminds investors it is investigating whether certain directors and officers of World Wrestling Entertainment, Inc. ("WWE") (NYSE: WWE ) breached their fiduciary duties to WWE and its shareholders. If you are a WWE shareholder, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982, or jpettigrew@scott-scott.com . Scott+Scott is investigating whether members of WWE''s board of … Full story available on Benzinga.com
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NEW YORK, June 23, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of World Wrestling Entertainment, Inc. (“WWE” or the “Company”) (NYSE: WWE). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
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NEW YORK, June 21, 2022 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national securities and consumer rights litigation firm, is investigating whether certain directors and officers of World Wrestling Entertainment, Inc. ("WWE") (NYSE: WWE ) breached their fiduciary duties to WWE and its shareholders. If you are a WWE shareholder, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982, or jpettigrew@scott-scott.com . Scott+Scott is investigating whether members of WWE''s board … Full story available on Benzinga.com
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NEW YORK, June 21, 2022 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of World Wrestling Entertainment, Inc. (NYSE: WWE) resulting from allegations that WWE may have issued materially misleading business information to the investing public.
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NEW YORK--(BUSINESS WIRE)--Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating potential violations of the federal securities laws by World Wrestling Entertainment, Inc. (“World Wrestling Entertainment" or "the Company") (NYSE:WWE). On June 15, 2022, just before the market closed, The Wall Street Journal reported that the board at World Wrestling Entertainment ("WWE") is investigating a secret $3 million settlement between long
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LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm Encourages Investors in World Wrestling Entertainment, Inc. with Losses of $100,000 to Contact the Firm
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Vince McMahon, the CEO and Chairman of World Wrestling Entertainment, Inc. (NYSE: WWE), has stepped down until the investigation into his alleged misconduct is completed, StreetInsider.com reported, citing the company. The announcement comes after reports of McMahon agreeing to pay $3 million to John Laurinaitis, an ex-employee, in January. Laurinaitis, who led Talent Relations at WWE, allegedly had an affair with McMahon. During the course of the investigation, Stephanie McMahon, Vince’s daughter, will serve as Interim Chairwoman and Interim CEO of the entertainment company, and Vince will fulfill his creative content responsibilities.
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Vince McMahon, the CEO of World Wrestling Entertainment (WWE), is stepping down from his role atop the company as it investigates allegations of misconduct. Last week, the Wall Street Journal reported that McMahon, 76, made a secret US$3 million settlement with a former employee with whom he allegedly had an affair in 2019, and that […]
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Vince McMahon has stepped down as Chairman and CEO of World Wrestling Entertainment (WWE). McMahon quit on Friday amid allegations of misconduct and an ongoing investigation. In a statement, he pledged “complete cooperation” to the probe and promised to do “everything possible” to support it. The professional wrestling promoter assured that he would “accept the […] Vince McMahon quits as WWE CEO over affair, $3m hush money
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