Month: July 2022
I can’t recommend buying any cruise stocks, hold sell rating on Carnival: Truist’s Scholes
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Truist analyst Patrick Scholes joins CNBC’s ‘Squawk Box’ to break down cruise stocks, which were the worst quarter performers as markets head into the second half of 2022. Source
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Ohio Governor DeWine says Intel delay on $20 billion chip plant is about ‘leverage’
Ohio Gov. Mike DeWine still has high hopes for Intel, even after the company announced that its plan for a massive semiconductor plant east of Columbus could see its scope scaled back or construction delayed. “I truly believe that this is the Midwest’s time. I believe it’s Ohio’s time,” DeWine, a Republican, said in an […]
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Chinese purchase of North Dakota farmland raises national security concerns in Washington
Farmland in southern North Dakota near Bismarck on September 2, 2016. Robyn Beck | Afp | Getty Images At first glance, the largely barren, wind-swept tract of land just north of Grand Forks, North Dakota, seems like an unlikely location for international espionage. There’s not much on the more than 300-acre patch of prime Dakota […]
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Wealthy customers will help Apple resist the effects of inflation
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in the […]
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GM warns of manufacturing issues in second quarter but stands by 2022 forecast
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – General Motors on Friday warned investors that supply chain issues would materially impact its second quarter earnings, while maintaining […]
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Alabama cites Supreme Court abortion decision in transgender youth case
Jodi Womack holds a sign that reads “We Love Our Trans Youth” during a rally at the Alabama State House to draw attention to anti-transgender legislation introduced in Alabama on March 30, 2021 in Montgomery, Alabama. Julie Bennett | Getty Images Just days after the U.S. Supreme Court abolished women’s constitutional right to abortion, Alabama […]
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Airlines have oversold tickets, says Allied Pilots Association’s Dennis Tajer
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Allied Pilots Association’s Dennis Tajer, a pilot with American Airlines, joins CNBC’s ‘Squawk Box’ ahead of the busy holiday travel weekend to break down whether airlines will be able to keep up with strong demand. Source
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‘The Big Short’ investor Michael Burry thinks financial markets rout is only halfway through
“The Big Short” investor Michael Burry, known for calling the subprime mortgage crisis, warned investors that 2022’s market turmoil is only half finished. Burry, who runs hedge fund Scion Asset Management, said the losses in stocks in the first half of the year have mostly been a result of multiple compression. He said corporations will […]
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Chinese automaker Nio reports record EV sales in June as Covid wave fades, but it still lags XPeng and Li Auto
Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Chinese electric-vehicle maker Nio reported Friday that it delivered nearly 13,000 vehicles in June, up 60% from a year ago, as China’s auto industry continued to rebound after months of pandemic-related disruptions. Its total deliveries of 12,961 […]
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China Southern to buy 96 Airbus A320neo jets, biggest order since Covid
An Airbus A320neo aircraft in Colomiers near Toulouse, France, October 17, 2017. Regis Duvignau | Reuters China Southern Airlines said on Friday it would buy 96 Airbus A320neo jets in the biggest plane order by a Chinese airline since the start of the Covid pandemic and in a major boost to the European planemaker in […]
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