Yahoo Finance is tracking Ford, Alphabet, General Electric, Tesla and Bankrate in intraday trading on Monday.
Ford (F) – The US automaker reported a smaller than expected decline in US vehicle sales in June. Ford’s US sales fell 5.1% during the month, better than the 9.7% decline estimated by Kelley Blue Book. The decrease was led by a 23% plunge in car sales. SUV sales rose 3% while truck sales climbed 1.2%.
Alphabet (GOOGL) – The parent company of Google is in focus after a British regulator said that UK’s National Health Service’s deal with Google’s AI-focused DeepMind violated patient data protection laws. The U.K.’s Information Commissioner’s Office said 1.6 million patients were not notified correctly about how their data was being used.
General Electric (GE) – GE has closed its buyout of Baker Hughes, creating the second largest oilfield services provider in the world. The company will open for trading on the New York Stock Exchange Wednesday under the ticker symbol “BHGE.”
Tesla (TSLA) – CEO Elon Musk took to Twitter to give an update on the company’s highly anticipated Model 3. Musk tweeted that the Model 3 passed all regulatory requirements and that the company is planning to deliver the first 30 vehicles on July 28. He also said that Tesla is on track to produce 20,000 Model 3 cars per month by December.
Goldman Sachs (GS) – Bloomberg is reporting that Goldman Sachs is reviewing the performance of its commodities business. Goldman’s review comes after the division posted a poor performance in the first half of this year.
Bankrate (RATE) – Red Ventures is buying Bankrate in an all-cash deal for $1.4 billion. The deal was unanimously approved by Bankrate’s Board of Directors and is expected to close later this year.