Ford boosts investment in electric and autonomous vehicles to $29 billion through 2025

  • Ford CFO John Lawler said the company is forecasting it will earn between $8 billion and $9 billion in adjusted pretax profits this year.
  • Its adjusted free cash flow is estimated at between $3.5 billion and $4.5 billion for 2021.
  • That doesn’t factor in a global shortage in semiconductor chips that could lower Ford’s earnings by $1 billion to $2.5 billion this year.

a person standing in front of a car: Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019.

© Provided by CNBC
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019.

DETROIT — Ford Motor plans to invest $29 billion in electric and autonomous vehicles through

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McKinsey fires investment bank researchers after policy breaches

McKinsey has fired or suspended several members of its investment banking research team as it investigates violations of its policies, in an embarrassing blow to the consultancy giant’s fledgling attempt to become a dominant provider of industry insights to Wall Street. 

Partners informed clients last week that the CIB Insights team, which sold data to corporate and investment banks, was halting work on their projects and it has since removed references to the unit from its website. A person familiar with the matter said some team members had been terminated while others had been placed on administrative leave, and that

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Ford reports quarterly loss that tops $2 billion, increases investment in electric vehicles

Ford Motor Co. late Thursday reported a wider-than-expected quarterly loss, but the stock traded higher as Wall Street focused on the auto maker’s renewed push toward autonomous and electric vehicles.

said it lost $2.8 billion, or 70 cents a share, in the quarter, compared with a loss of $1.7 billion, or 42 cents a share, in the year-ago quarter. Sales fell to $36 billion from $39.7 billion a year ago.

Analysts polled by FactSet had expected Ford to report a GAAP and adjusted loss of 7 cents a share on sales of $36.8 billion.

Ford said it

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Peloton raises supply chain investment after product delays

Peloton failed to wow investors with its holiday quarter results, sending its stock down nearly 8 per cent in after-hours trade as the group said it continued to struggle to deliver its flagship bike and treadmill products in a timely manner.

The connected spinning bike pioneer said revenues last quarter grew 128 per cent to $1.06bn, a nudge ahead of forecasts at $1.03bn. It produced a net profit of $63.6m — its third quarterly profit in a row — versus a loss of $55.4m a year ago.

Peloton pledged it would spend $100m on air freight and expedited ocean freight

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Ford reports loss in Q4, boosts investment in electric cars

  • Ford reported its earnings for the final quarter of 2020 on Thursday. 
  • The automaker reported a $2.8 billion net loss in the fourth quarter. 
  • It also said it’s “doubling down” on electric vehicles, and committed billions to electrification.
  • Visit the Business section of Insider for more stories.

Ford on Thursday more than doubled the amount of money it plans to invest in electric and autonomous vehicles to $29 billion, even as it posted a fourth-quarter net loss of $2.8 billion.

The No. 2 US automaker also said the global semiconductor chip shortage could lead to a 10% to 20% loss

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Education Secretary Nominee Calls for Investment in Pandemic Recovery

Our nation’s educational challenges didn’t begin with the pandemic, but it has exacerbated inequities in our educational system. These inequities will endure, and they’ll prevent the potential of this country unless tackled head on. And it is so — it is, and so it’‘s our responsibility, and it would be my greatest privilege, if confirmed, to forge opportunity out of this crisis. Investing in public education changes lives. And it saves lives. I’ve seen it, and I’ve lived it. And I know our challenges ahead are problems that we can overcome together. As a saying in Spanish goes, “en la

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Read this before buying stocks with investment apps like Robinhood

As social media has stoked interest in an assortment of stocks that recently were being shorted by hedge funds, Robinhood and similar, low-cost trading and investing platforms have served as an important tool.

a man wearing glasses talking on a cell phone

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On Reddit, in particular, a community of day traders has organized to send the price of multiple stocks skyward, from shares in companies such as GameStop and AMC to commodities such as silver This activity was enabled by these apps, which have made it significantly easier to trade investments.


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Throughout this saga — even after some of these platforms temporarily prohibited buying

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Pacira BioSciences Announces Equity Investment in GeneQuine Biotherapeutics

The MarketWatch News Department was not involved in the creation of this content.

PARSIPPANY, N.J., Jan. 26, 2021 (GLOBE NEWSWIRE) — Pacira BioSciences, Inc. (Nasdaq: PCRX), the leading provider of innovative non-opioid pain management options, today announced that the company will lead an equity investment in GeneQuine Biotherapeutics GmbH. Under the terms of the agreement, Pacira will make an initial investment of EUR2.0 million with an additional EUR4.0 million investment predicated upon GeneQuine achieving certain prespecified near-term milestones related to its lead gene therapy product candidate, GQ-303. Up to EUR2.5

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UK government plans post-Brexit reform of investment industry

The government has outlined far reaching proposals to strengthen the international competitiveness of the UK’s £9.9tn asset management industry with tax reforms and innovative fund structures, providing a road map for the sector’s future outside of the EU. 

A consultation document published by the Treasury on Tuesday pledged to strengthen growth and jobs across the UK’s investment industry, an important source of export earnings and regional employment, as part of Prime Minister Boris Johnson’s plans to tackle regional inequalities.

“Growing the number of funds located in the UK can also level up our economy, by supporting jobs outside of London,”

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Waycross Partners Launches Strategic Marketing Initiative, Appoints Chris Greco as CEO and Adds to Investment Team

Press release content from Business Wire. The AP news staff was not involved in its creation.


Louisville, Kentucky-based investment manager Waycross Partners, LLC ( ) announced that it has hired Chris Greco to become the firm’s CEO, Principal and Director of Institutional Sales. Mr. Greco will lead the firm’s marketing initiative within the institutional defined benefit and defined contribution marketplace while working with investment consultants across the country.

Mr. Greco has been an institutional marketing professional for more than 20 years having worked at Fidelity Investments, Clover Capital and most

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