In This Article:
Ford (F) has announced its plans to scrap the production of its three-row electric SUV, delaying the opening of a new EV plant, and swapping plans for the new EV with a strategy centered around hybrid models. Autoblog editor-in-chief Greg Migliore joined the show to give insight into Ford's pivot, believing he doesn't see an overly "big shift" happening in the general EV market.
Major US retailers reported their earnings in recent weeks, including Target (TGT), Home Depot (HD) , and Walmart (WMT), giving insight into how consumers are spending. Meanwhile, AI stocks seem to be on the up and up again, with Nvidia (NVDA) recouping much of what it lost in the last few weeks.
Yahoo Finance reporter Josh Schafer joined to break down the top market trends on August 21.
Urban Outfitters (URBN) reported second quarter results that topped estimates on both the top and bottom line. Net sales also beat expectations, hitting a record high of $1.25 billion— sending shares higher at the market close.
For more expert insight and the latest market action, click here