Europe – the warning light flashing on carmakers’ dashboards

Carmakers BMW (BMWG.DE) and Stellantis (STLA.MI) on Thursday expressed concerns about Europe’s economic outlook, joining a chorus of retailers and others in warning of waning consumer confidence on the continent and hitting their shares. “Obviously the macro(-economic situation) in Europe is more challenging, which gives me pause, personally,” Stellantis chief financial officer Richard Palmer said […]

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Roku dives as tough ad market drives downbeat forecasts

Roku Inc (ROKU.O) shares dropped 14% to a more than three-year low on Thursday following downbeat forecasts a day earlier, as the streaming tech provider suffers from a collapse in advertising dollars. The company expects fourth-quarter revenue substantially below market estimates, while its adjusted operating loss outlook was much wider than Wall Street expectations. “This […]

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