General Motors and Ford Motor both reported strong increases in vehicle sales in the United States in the final three months of 2024, with G.M. seeing a 21 percent rise to over 755,000 cars and light trucks, including a doubling of electric vehicle sales. Ford sold over 530,000 vehicles, marking a nearly 9 percent gain, with 30,176 electric vehicles sold. Both companies experienced a 4 percent increase in full-year sales, while Tesla saw a slight drop in 2024 worldwide sales. Cox Automotive predicts a 2 percent rise in U.S. vehicle sales for 2024, with further growth expected in 2025 due to positive economic indicators.
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Pinterest Stock Just Dropped 12% After Earnings. Is It a Red Flag, or a Buying Opportunity?
Pinterest (NYSE: PINS) experienced a 12% stock drop following its second-quarter earnings report, despite stronger-than-expected revenue growth; however, lower profitability and concerns over new tariffs impacting ad demand contributed to investor apprehension. This situation raises questions for long-term investors about whether it presents a buying opportunity or if it’s prudent to wait. Want More Context? 🔎
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