Workday shares slipped as much as 11% in extended trading on Tuesday after the human resources and finance software maker issued a quarterly forecast that came in below Wall Street projections. For the fiscal fourth quarter, Workday called for an adjusted operating margin of 25% on $2.03 billion in subscription...
Constellation Brands’ stock falls as Trump tariff plan threatens to make Modelo and Corona more expensive
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images Shares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25% tariff on Mexican imports...
The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving
DETROIT — The auto industry has an addiction. It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now, it's waking up from the bender and entering rehab. Automakers from Detroit to Japan and Germany are attempting to lower costs and...
Germany’s inflation surges to 2.4% as it narrowly skirts a technical recession
Passers-by walk in the pedestrian zone of the Bavarian capital. Peter Kneffel | Picture Alliance | Getty Images Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter. The preliminary print,...