Ford reports Q1 revenue and profit beat; EV unit suffers $722M EBIT loss

Ford (F) reported first quarter revenue and earnings that topped Wall Street expectations on Tuesday while also breaking out results for its EV segment for the first time, where losses totaled more than $700 million in Q1.  Revenue came in at $41.5 billion for the quarter, up 20% from last year and beating expectations for $36.1 billion. Earnings per share came in at $0.63, more than the $0.41 expected by analysts. Last year, Ford reported a net loss of $3.1 billion during its first quarter due to losses related to its investment in EV maker Rivian (RIVN).  In a separate release on Tuesday, Ford announced it would be re-opening orders for its all-electric Mustang Mach-E on Wednesday with prices lowered by up to $4,000 for some models.  Ford stock was down about 1% in after-hours trading following these results.  Fords breakdown of its business segments still shows deep losses in its Model E EV business unit, though that is expected to improve through the end of the year.  Here are Fords first quarter results by business segment:  Ford Azul: $25.1 billion in revenue, $2.623 billion in EBIT, 10.4% EBIT margin  Ford Model e: $700 million in revenue, ($722 million) in EBIT, -102% EBIT margin  Ford pro: $13.2 billion

2023-05-03Industria

Beats on revenue and EPS, but chip sales drop 64%

AMD (AMD) announced its fiscal first quarter earnings after the bell on Tuesday, beating analysts expectations on the top and bottom line, despite falling short on data center and client revenue.  AMD is contending with a huge drop in PC sales. According to Gartner, worldwide shipments collapsed 30% year-over-year in the first quarter of the year, falling to 55.2 million units. The problem? Limited demand from consumers and businesses and too much inventory mean fewer PCs are being sold. The result? A 64% year-over-year decline in client revenue, which includes sales of PC chips.  Here are the most important numbers from the report compared to what Wall Street expected from the chip maker, as compiled by Bloomberg.  Ingresos: $ 5.4 mil millones versus $ 5.3 mil millones esperados  adj. EPS: $ 0.60 versus $ 0.56 esperado  Centro de datos: $ 1.29 mil millones versus $ 1.46 mil millones esperados  Cliente: $ 739 millones frente a $ 908 millones esperados  Juego de azar: $ 1.75 mil millones versus $ 1.52 mil millones esperados  Incorporado: $ 1.56 mil millones versus $ 1.46 mil millones esperados  Shares were down roughly 4% following the announcement.  “We executed very well in the first quarter as we delivered better than expected revenue and earnings in a

2023-05-03Industria

SHIB Burn Plunges Drastically, While Price Fails to Recover Overnight

Less than 10 million Shiba Inu tokens have been removed since yesterday morning, while SHIB price stays down  Per the recent report by Shibburn crypto platform that tracks SHIB transfers to unspendable addresses on Etherscan and then accumulates this data on its website, within the past 24 hours, the burn rate of Shiba Inu has plunged by slightly over 50%.  As it happened, the price of Shiba Inu, which added one zero on Monday, has not been able to recover to the previous level yet. At the time of this writing, SHIB is changing hands at $0.000009918, going down slightly more than 1% in the last 24 hours.  SHIB burn rate plummets badly  Within the last 24 hours, Shibburn data states, a total of 7,261,876 Shiba Inu coins were sent to dead-end wallets to be locked out of the circulating supply, which now constitutes 574,121,672,859,034 SHIB. Likewise, the burn rate is down 52%.  Compared to the previous week and even to Monday, the burn rate of Shiba Inu is declining, while last week it jumped more than 1,000% several times, although the percentage growth totally depends on the difference between the burned number of SHIB and how many Shiba Inu were removed from circulation a

2023-05-03Industria

Dow Jones Dives As Uber Rockets; Carl Icahn Hits Out As Stock Craters On Short-Seller Attack

The Dow Jones Industrial Average dived as regional banks including PacOeste (PACW) and Alianza occidental (WAL) crumbled. Carl Icahn lashed out after Empresas Icahn (IEP) cratered amid a short sellers attack. Uber Technologies (UBER) soared on earnings.  Only one noteworthy stock was plucky enough to attempt a breakout amid the stock market chaos. Electric power gear maker Eaton (ETN) tested an entry after posting quarterly results.  Treasury yields retreated as the latest Fed meeting got underway. The 10-year yield plunged 15 basis points to 3.43% while the two-year yield also dived 15 basis points to 3.99%. The yield curve remains inverted.  “Sell in May decided it didnt need to wait for the Fed,” Oanda senior market analyst Ed Moya said in a note to clients. “Wall Street is quickly hitting the sell button as banking turmoil appears it is not going away anytime soon and was ready to focus on the next weakest link, potentially distressed lenders with tremendous exposure to commercial real estate.”  Nasdaq Falls As Small Caps Get Spanked  The Nasdaq tumbled amid the broad bearish action, closing down 1.1%. Energía Enphase (ENPH) was among the laggards here as it dipped 4.8%.  The benchmark S AMD Falls Late On Guidance  Outside Dow Jones: Eaton Stock

2023-05-03Industria

Icahn Hit by Hindenburg Short as Activist Becomes Target

(Bloomberg) — Carl Icahn, the famed activist investor whos made a career out of starting corporate brawls, found himself on the receiving end of criticism Tuesday after Hindenburg Research disclosed a short call against his investment firm.  Shares of Icahn Enterprises LP closed down 20% in the biggest one-day drop on record, after Hindenburg claimed in a lengthy report that the company is overpriced, and said it found evidence of inflated valuations for some of its assets.  Icahn hit back at Hindenburg hours after the report came out, saying that the firms performance would “speak for itself over the long term as it always has.”  “We stand by our public disclosures,” Icahn said in a statement. “We believe strongly in hedging our positions to mitigate risk, especially in markets that we are living in today,” Icahn added.  “We think Icahn, a legend of Wall Street, has made a classic mistake of taking on too much leverage in the face of sustained losses: a combination that rarely ends well,” Hindenburg said in the report.  The missive pits Icahn, 87, against Hindenburg‘s founder Nathan Anderson, who has made a name for his research firm in recent years by targeting corporate giants like payments company Block Inc. and

2023-05-03Industria

Bulls gaining strength, Will rally continues?

Economía  Los toros cobran fuerza, ¿continuará el rally?  Hace 18 minutos  Noticias de Bitcoin Ethereum  Internet Computer (ICP) token gives bullish cues on the daily chart showing a breakout above 200-day EMA. ICP is breaking its trendline and gaining momentum, and buyers are setting eyes on its immediate hurdle of $8.000.  Moreover, the token is trading above significant moving averages and favoring bulls. The sellers are trapped now and closing their short positions resulting in price short-covering moves. The strong resistance, the immediate hurdle of $6.00, was decisively broken in the last session. This range breakout by bulls gives a strong conviction that the token is ready to register a rally in price and try to fetch more highs.  When writing, the ICP token trades at $6.30 with an intraday gain of 6%. Moreover, the trading volume also increased by 31%, showing the interest of investors. The pair of ICP/BTC is at $0.0002153 satoshis, and ICP/ETH is $0.003317.   ICP Daily Chart Shows Bulls Rulage   Fuente: TradingView  On the daily chart, the ICP token trades above its congestion zone, and the upside trajectory is yet to hit. However, bulls are gaining traction from the last sessions. Moreover, the symmetrical triangle pattern upper neckline is yet to break; if

2023-05-03Industria

El colapso de la moneda estadounidense ya ha comenzado mientras las naciones BRICS se preparan para luchar contra el dólar estadounidense: Ron Paul

Tecnología  El colapso de la moneda estadounidense ya ha comenzado mientras las naciones BRICS se preparan para luchar contra el dólar estadounidense: Ron Paul  Hace 16 minutos  Noticias de Bitcoin Ethereum  El ex congresista Ron Paul dice que la prominencia del dólar ya ha comenzado a decaer a medida que los países de todo el mundo se cansan de las políticas intervencionistas estadounidenses.  Hablando en una nueva actualización de YouTube, Paul dice que no debería sorprender a nadie que otras naciones finalmente estén tratando de competir con el dólar.  Si bien el USD sufrió un impacto significativo en su estado de reserva mundial en los últimos años, el ex candidato presidencial dice que las cosas apenas comienzan.  El ex representante de Texas advierte que BRICS, o la coalición económica de Brasil, Rusia, India, China y Sudáfrica, es solo el primer capítulo de un maremoto que se avecina contra el dólar. Dice esperar que más países formen cuerpos de poder similares.  El presidente del Comité de Mercados Financieros de la Duma Estatal de Rusia, Anatoly Aksakov, dice que las negociaciones sobre una nueva moneda BRICS ya están en marcha, y se espera que se resuelva un acuerdo este año.

2023-05-03Industria

IMF Says China Shifting on Debt Restructuring After Being Burned

Economía  El FMI dice que China está cambiando en la reestructuración de la deuda después de ser quemada  Hace 15 minutos  Noticias de Bitcoin Ethereum  (Bloomberg) — The International Monetary Fund‘s chief said China is shifting its thinking about participating in debt restructuring after being confronted by countries unable to pay what they owe, signaling hope the world’s second-largest economy will help provide relief for distressed nations.  Más leído de Bloomberg  China — now the biggest lender to developing economies — has joined traditional western creditors from the Paris Club in recognizing the need to create a better mechanism for debt overhauls, Kristalina Georgieva said in an interview with Stephanie Flanders, the head of economics and government at Bloomberg News, at the Milken Institute Global Conference in Beverly Hills, California.  One of the biggest challenges for the country is simply gaining an understanding of the scope of its own lending, given the historical lack for coordination between disparate government agencies and entities, Georgieva said. While China long resisted providing relief, citing its own status as a developing country, that thinking is beginning to change, she said.  “Why? For a very simple reason,” the IMF chief said. “Because they are now being burned. Nothing makes you more eager to

2023-05-03Industria

Zelensky Blasts U.S. Over Handling Of Ukraine Document Leaks—And Reportedly Claims He Learned About Breach From News

Economía  Zelensky critica a EE. UU. por el manejo de las filtraciones de documentos de Ucrania y, según se informa, afirma que se enteró de la filtración por las noticias  Hace 7 minutos  Noticias de Bitcoin Ethereum  Línea superior  Ukrainian President Volodymyr Zelensky told the Biden Administration officials gave him no advanced warning before media outlets published information from a trove of leaked U.S. government documents on the Ukraine war, calling the leak “unprofitable” for Ukraine and “not beneficial to the reputation of the White House,” in some of his most stinging comments about the situation.  Ukrainian President Volodymyr Zelensky speaks during a news conference on April 24, 2023. (Photo by  AFP a través de Getty Images  Hechos clave  Zelensky demurred on the significance of the information in the documents, refusing to say whether the records are even real, though he acknowledged: “Anything that informs our enemy in advance in one way or another is definitely a minus for us.”  El first reported about the documents on April 6, after a Pentagon investigation into the leaker was already underway, but the documents first appeared online last year.  News outlets have reported the documents contain sensitive information like casualty estimates, candid assessments of Ukrainian and Russian battlefield struggles, plans for a Ukrainian

2023-05-03Industria

ABCs of Crypto: Enseñar a la próxima generación de usuarios de la Web3

Cointelegraph Research  hace 3 minutos  ABCs of Crypto: Enseñar a la próxima generación de usuarios de la Web3  Este último informe presenta una visión general de dos de los casos de uso más populares de la tecnología blockchain -DeFi y NFT- para ayudar a incorporar a la próxima generación de usuarios de criptomonedas.  p“¿Cómo incorporamos a los próximos mil millones de usuarios a las criptomonedas?” Esta es una pregunta que se plantea en las conferencias sobre criptomonedas y en las reuniones metaversas, y que la gente lleva tiempo haciéndose. Alcanzar la adopción masiva puede parecer una tarea desalentadora, pero los medios de comunicación especializados en criptomonedas como Cointelegraph ayudan a difundir las noticias de lo que está sucediendo en el espacio cripto cada día, ayudando a aumentar la adopción.  Es probable que muchas personas del sector de las criptomonedas hayan tenido experiencias en las que otros les han hecho preguntas sobre diversos aspectos de las criptomonedas, y tratar de explicar de forma coherente todas las complejidades de una sola vez puede ser todo un reto. Esta difícil situación es la que inspiró el último informe de Cointelegraph Research.  El informe “ABCs of Crypto” es un comienzo perfecto para los nuevos en el espacio blockchain, puesto que

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