logo
Ford Earnings: Automaker Projects $2 Billion Tariff Blow This Year

Ford Earnings: Automaker Projects $2 Billion Tariff Blow This Year

Ford Motor said tariff-related costs would cut about $2 billion from annual earnings before interest and taxes, a jump from the $1.5 billion predicted three months ago.
It paid out more than $800 million in tariffs last quarter, despite manufacturing most of its vehicles in the U.S.
The bill came from imported parts, as well as from fees on steel and aluminum.
The hit helped wipe out the automaker's net profit, leading to its first quarterly loss since 2023.
Ford stock dropped more than 1% in premarket trading early Thursday.
Go deeper:
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Peter Lynch: You Shouldn't Own a Stock if You Can't Explain It to an 11-Year-Old in 2 Minutes
Peter Lynch: You Shouldn't Own a Stock if You Can't Explain It to an 11-Year-Old in 2 Minutes

Yahoo

timean hour ago

  • Yahoo

Peter Lynch: You Shouldn't Own a Stock if You Can't Explain It to an 11-Year-Old in 2 Minutes

Famed investor Peter Lynch once underscored the significance of understanding the business behind a stock before investing in it, while also questioning the efficacy of economic forecasting. What Happened: Lynch, who is recognized for his successful stint at Fidelity Investments, disclosed his investment insights during a 1997 speech. He emphasized the importance of understanding the business behind the stock, advising, 'If you can't explain to an 11-year-old in two minutes or less, why you own the stock, you shouldn't own it. Understanding the business behind the stock is the most important principle of investing in the stock market. This is why Buffett only invests into what he understands and what falls in his circle of competence. I buy stuff like Dunkin Donuts, Stop and Shop and made money on them," Lynch said during the speech.' This philosophy is in line with Warren Buffett's investment strategy, which advocates for investing in areas of personal expertise. Lynch dismissed the concept of economic forecasting, identifying himself as a 'bottom-up' investor who concentrates on individual stocks through comprehensive company and industry analysis. Also Read: Investment Guru Peter Lynch: 'Often Great Investments Are The Ones Where Everyone Else Will Think You Are Crazy' He also underscored the significance of patience in investing, suggesting that substantial returns could be realized even a decade after a company's initial public offering. He cited Walmart as an example, stressing that investing is a marathon, not a sprint. 'A decade after Walmart when public in 1970, it only had 15% penetration across the U.S. Thus, one could assume they had plenty of runway ahead to expand across the country, but success wasn't guaranteed, so some investors might have though they already missed the bus,' Lynch said while talking about the Walmart. Why It Matters: Lynch's principles provide a valuable roadmap for both novice and seasoned investors. His emphasis on understanding the business, focusing on individual stocks, and practicing patience aligns with the strategies of successful investors like Buffett. His insights serve as a reminder to investors that successful investing hinges on making informed decisions and playing the long game. Read Next Peter Lynch's Market Advice: 'You Don't Need A Lot In Your Lifetime, You Only Need A Few Good Stocks In Your Lifetime' Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Peter Lynch: You Shouldn't Own a Stock if You Can't Explain It to an 11-Year-Old in 2 Minutes originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

AI's Overlooked $97 Billion Contribution to the Economy
AI's Overlooked $97 Billion Contribution to the Economy

Wall Street Journal

timean hour ago

  • Wall Street Journal

AI's Overlooked $97 Billion Contribution to the Economy

The U.S. economy grew at an annual rate of 3% in the second quarter, which is great news. Does that mean artificial intelligence is delivering on its long-promised benefits? No, because gross domestic product isn't the best place to look for AI's contribution. Yet the official government numbers substantially underestimate the benefits of AI. First-quarter 2025 GDP was down an annualized 0.5%. Labor productivity growth ticked up a respectable but hardly transformative 2.3% in 2024, following a few lean years of gains and losses. Is AI overhyped?

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store