Month: April 2022
Stocks making the biggest moves premarket: Twitter, Coca-Cola, Warner Bros. Discovery and more
Check out the companies making headlines in premarket trading. Coca-Cola — Shares of Coca-Cola rose about 1% after the company beat analysts’ expectations on the top and bottom lines in the recent quarter. The beverage giant reported adjusted earnings of 64 cents per share on revenues of $10.5 billion, while analysts expected 58 cents per share […]
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GE hoping to 3D print concrete components for wind turbines so it can save on transportation costs
A Haliade-X wind turbine photographed in the Netherlands on March 2, 2022. The Haliade-X is part of a new generation of huge turbines set to be installed in the years ahead. Peter Boer | Bloomberg | Getty Images A new research facility which hopes to 3D print the concrete bases of giant wind turbine towers […]
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Deutsche Bank downgrades Kellogg, citing worker strike and worsening inflation
Kellogg is facing potentially weaker demand and rising costs, according to Deutsche Bank. Source
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SpaceX’s Starlink to provide Wi-Fi on Hawaiian Airlines flights with free service for passengers
Hawaiian Airlines plane Louis Nastro | Reuters SpaceX will start providing wireless internet on Hawaiian Airlines flights from the Starlink satellite network as early as next year, a service the airline told CNBC it plans to offer to passengers for free. The deal marks the first for Elon Musk’s space company with a major airline. […]
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Central banks need to put rates into the ‘pain zone’ — but the Fed won’t do it, fund manager says
LONDON — Overcoming doggedly high inflation requires interest rates to be pushed into the “pain zone.” But whether any central bank has the nerve to do it is the question, according to investment manager Man Group. “To actually fight inflation will require a central bank to show that they’re willing to put rates into the […]
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Coca-Cola earnings beat Wall Street estimates as revenue jumps 16%
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola on Monday reported quarterly earnings that topped analysts’ expectations as consumers […]
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Macron has won France’s presidential election. But the far-right is upping its game
Addressing her supporters in Paris Sunday night, Le Pen conceded defeat but said: “We have nevertheless been victorious.” Thierry Chesnot | Getty Images News | Getty Images French President Emmanuel Macron may have just won a second term in office, but political analysts believe the continued rise of the far-right will cause him significant headaches […]
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Philips first-quarter core profit plunges as supply chain problems persist
Dutch health technology company Philips on Monday said first-quarter core profit dropped about a third from a year earlier to 243 million euros ($262 million), hit by an ongoing global shortage of parts and a massive recall of ventilators. Comparable sales fell 4% to 3.9 billion euros, as the Amsterdam-based supplier of medical systems and […]
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Top U.S. officials visit Ukraine, pledge more military aid and to re-open embassy in Kyiv
U.S. pledges more war funding for Ukraine and plans to re-open embassy in Kyiv U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin arrived in Ukraine to discuss military aid with Ukraine’s President Volodymyr Zelenskyy on Sunday. The visit, which saw the senior U.S. officials meet with Ukraine’s Foreign Minister Kuleba as well […]
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Swanky vacation rentals across the Middle East look to capitalize on ‘revenge tourism’ trend
Luxury Explorers has properties like Villa Botanica in the exclusive Emirates Hills, often referred to as the “Beverly Hills” of the UAE. Luxury Explorers’ Collection DUBAI, United Arab Emirates — In the Middle East, a new breed of high-end vacation rental firms are scrambling to meet the needs of today’s traveler — who has very different […]
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