Month: May 2022
Theater chain AMC beat first-quarter estimates, but one analyst still says the stock is going to $1
The one-time meme stock is still overvalued, according to MKM Partners. Source
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Cathie Wood’s Ark takes a stake in GM for the first time
The purchase – valued at more than $6 million – was through the ARK Autonomous Tech. & Robotics ETF. Source
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Virgin Orbit is assembling a fleet of 747 jets to launch more rockets into space
The modified 737 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit Virgin Orbit is assembling a fleet of modified 747 jets, the company announced Tuesday, ordering two new modified cargo airframes to help launch more rockets into space. The company […]
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National average for gasoline hits record $4.37 a gallon
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices surged to the highest level on record Tuesday as oil holds steady above $100 a barrel, contributing to inflationary pressures across the […]
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Stocks making the biggest moves in the premarket: Peloton, Novavax, Vroom and more
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton shares plunged 25.8% in the premarket after the fitness equipment maker reported a larger-than-expected quarterly loss and projected current-quarter revenue below estimates due to softening demand. Novavax (NVAX) – Novavax sank 23% in premarket trading after the vaccine maker […]
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Nintendo announces surprise 10-for-1 stock split; expects Switch sales to fall 9%
Nintendo announced a 10-for-1 stock split on Tuesday as the Japanese gaming giant aims to make its shares more appealing to retail investors. Shareholders have been calling for a stock split for some time to boost the liquidity of the gaming giant’s shares. The move will take effect on Oct. 1 this year, when each […]
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Bitcoin investors are panicking as a controversial crypto experiment unravels
Bitcoin is now down 50% from its November all-time highs. Artur Widak | Nurphoto | Getty Images Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its intended $1 peg. TerraUSD, or UST, sank below 70 cents for the first time late Monday, as holders continued to flee the […]
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UK government focuses on cost of living crisis in Queen’s Speech overshadowed by her absence
Britain’s Prince Charles, Prince of Wales, sits by the The Imperial State Crown in the House of Lords Chamber, during the State Opening of Parliament. Ben Stansall | Afp | Getty Images LONDON — The U.K. government on Tuesday vowed to focus on economic growth in order to address the country’s spiraling cost of living […]
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Peloton reports big loss, offers weak guidance and taps banks for cash buffer
A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Tuesday reported a wider-than-expected quarterly loss and a steep decline in sales, as inventories piled up in warehouses and ate away at the company’s cash. The connected […]
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‘It’s a 50-50 call’: The Earth is close to crossing a key temperature threshold within 5 years
Vehicles move amid yellow dust in the Iraqi capital of Baghdad during a severe sandstorm on May 1, 2022. Sandstorms in the country have been part of a series of mind-bending extreme weather events around the world. Anadolu Agency | Anadolu Agency | Getty Images There’s a 50-50 chance of surpassing the critical global heating […]
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