Month: August 2022
Goldman Sachs doesn’t see nuclear as a transformational technology for the future
A nuclear power plant photographed in Germany, on August 4, 2022. Discussions about nuclear’s role in Europe’s biggest economy have been thrown into sharp relief following Russia’s unprovoked invasion of Ukraine in February. Lennart Preiss | Getty Images News | Getty Images Nuclear has a role to play in the years ahead but it should […]
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Sell Virgin Galactic as it delays space tourism flights and burns through cash, Truist says
Sell shares of Virgin Galactic as the space tourism company continues to push back commercial flights and burns through cash, according to Truist. Analyst Michael Ciarmoli downgraded shares of Virgin Galactic to sell from hold, citing a disappointing second-quarter report. The company postponed commercial flights to the second quarter of 2023. It also reported a […]
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Stocks making the biggest moves premarket: Expedia, Block, Lyft and more
Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%. Block […]
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The price of a pint is going through the roof. Here’s why UK beer costs are far outpacing inflation
LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation — and some Londoners are parting with as much as £8 ($9.70) for 568ml of the amber nectar. According to figures from consultancy firm CGA, the average cost of a pint […]
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Does the Inflation Reduction Act violate Biden’s $400,000 tax pledge? Expect ‘a different answer depending on who you ask,’ says analyst
Jim Watson | Afp | Getty Images Senate Democrats’ package of climate change, health-care, drug pricing and tax measures unveiled last week has proponents and opponents debating whether the legislation violates a pledge President Joe Biden has made since his presidential campaign, to not raise taxes on households with incomes below $400,000 a year. The answer isn’t […]
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Stifel downgrades Twilio, slashes price target by 55%, citing weak outlook
There’s trouble ahead for Twilio after the communications software company issued weak guidance, according to Stifel. Analyst J. Parker Lane downgraded shares of Twilio to hold from buy, and slashed the target price by more than half, citing the company’s recent earnings report that came out Thursday. Twilio reported a revenue beat but offered up […]
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Hacked crypto startup Nomad offers a 10% bounty for return of funds after $190 million attack
Over $2 billion has been stolen from cross-chain bridges so far this year, according to crypto analysis firm Chainalysis Jakub Porzycki | Nurphoto via Getty Images Crypto company Nomad said it’s offering hackers a bounty of up to 10% to retrieve user funds after losing nearly $200 million in a devastating security exploit. Nomad pleaded […]
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A ‘shakeout’ among mortgage lenders is coming, according to CEO of bank that left the business
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by plunging demand for loans this year, a consequence of the Federal Reserve’s interest rate hikes. Some firms will be forced to exit […]
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Sunrun could surge 45% if lawmakers approve climate spending boost, Barclays says
Shares of residential solar installer company Sunrun could surge about 45% from here should an ambitious spending package pass, according to Barclays. Solar stocks got a boost last week following an announcement that Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., reached a deal on the “Inflation Reduction Act of 2022.” The […]
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Russia says it’s ready to discuss prisoner swap; three ships carrying grain leave Ukrainian ports
Russian-backed separatists claim to have taken east Ukraine’s Pisky village Pisky, a village on the outskirts of Donetsk in eastern Ukraine, has been seized by pro-Russian forces, according to Russian state news agency Tass. Gaelle Girbes | Getty Images News | Getty Images Russian and pro-Russian forces said they have seized full control of Pisky, […]
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