Sofía Carvajal

Corey LaJoie, currently 28th in the NASCAR Cup Series standings, will not return as the driver of the No. 7 Spire Motorsports car at the end of the 2024 season. LaJoie, who has a contract with Spire Motorsports through next year but is now free to explore other opportunities, confirmed the news to FOX Sports, following an initial report from The Athletic. “I will not be driving the No. 7 next year,” LaJoie said. “I am very proud of the role I have played in helping Spire become a competitive team, but unfortunately, my future lies elsewhere. “We are committed…

Wall Street’s most reliable recession indicator started signaling trouble in 2022 and hasn’t stopped since, but so far it has proven wrong every time. The yield on 10-year Treasuries has been lower than that of many shorter-term bonds, a scenario known as an inverted yield curve, which has historically preceded nearly every recession since the 1950s. Traditionally, an inverted yield curve suggests a recession within a year or two. However, not only has a recession not occurred, but U.S. economic growth remains stable. This has led many on Wall Street to wonder why this once-reliable indicator has proven wrong this…

DETROIT — Ford Motor Company fell significantly short of Wall Street expectations for second-quarter earnings, despite beating revenue forecasts, as long-running warranty issues plague the automaker. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings per share: 47 cents adjusted vs. 68 cents adjusted expected Automotive revenue: $44.81 billion vs. $44.02 billion forecast Ford shares are up about 15% this year as prices in the auto sector have remained more resilient than expected. However, as the industry-wide shift to electric vehicles proceeds more slowly than expected, the automaker has adjusted its production plans, focusing less on fully…

Several stocks have seen significant price movements after the market close. Below is a summary of the most significant movers in after-hours trading. Cleveland Cliffs (CLF) Cleveland-Cliffs saw a substantial increase in its stock price after reporting better-than-expected quarterly earnings. The company's strong performance was driven by higher steel prices and increased demand from the auto sector. Investors reacted positively to the news, sending the stock up more than 5%. Nucor (NUE) Nucor shares also rose in extended trading, buoyed by a solid earnings report that highlighted strong demand in its core markets. The steelmaker’s results beat Wall Street estimates,…