Month: October 2022
Wall Street analysts are divided after Tesla’s third-quarter deliveries miss
Wall Street analysts were divided on electric vehicle maker Tesla after it posted its latest production and delivery numbers. Shares of Tesla were down 4.3% in Monday premarket trading after the company posted third-quarter vehicle production and delivery figures for 2022 that missed on deliveries expectations. Tesla reported deliveries of 343,000 vehicles, less than a […]
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Supreme Court normally takes up net business immunity in YouTube dispute
Individuals stroll throughout the plaza of the U.S. Supreme Courtroom building on the first working day of the court’s new phrase in Washington, U.S. Oct 3, 2022. Jonathan Ernst | Reuters The Supreme Court on Monday stepped into the politically divisive problem of no matter whether tech firms really should have immunity more than problematic information posted […]
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Ocean freight orders are signaling a big drop in consumer demand
For the marine shipping industry to cut its carbon footprint in half by 2050, promising technology will need to become reality, and efficiency gains will need to increase as well. Lucy Nicholson | Reuters A significant consumer pullback is showing up in ocean shipping, with logistics managers telling CNBC they have seen a 20% drop […]
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Firefly’s successful rocket launch over the weekend helps fill a big gap in the market, CEO says
The view from the upper stage of the Alpha rocket after reaching orbit on Oct. 1, 2022. Firefly Aerospace Private venture Firefly Aerospace reached orbit with its Alpha rocket for the first time on Saturday, a milestone in the company’s development that sees it join an increasingly competitive U.S. launch market. Firefly is the fifth […]
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Here’s how advisors are helping clients slash their 2022 tax bill
Hero Images | Hero Images | Getty Images Weigh Roth IRA conversions With the S&P 500 Index down more than 20% in 2022, many investors are eyeing Roth individual retirement account conversions, which transfer pre-tax IRA funds to a Roth IRA for future tax-free growth. The trade-off is paying an upfront tax bill. However, lower […]
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Peloton will set bikes in every single Hilton-branded hotel in the U.S.
Jen Van Santvoord rides her Peloton workout bicycle at her home on April 07, 2020 in San Anselmo, California. Ezra Shaw | Getty Visuals Peloton will put bikes in all 5,400 Hilton-branded resorts in the United States as component of a partnership declared Monday, as the bike maker pushes to expand its achieve. The partnership […]
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Credit Suisse divides Wall Street as JPMorgan calls bank’s capital ‘healthy’ while others have doubts
The fast-moving situation at embattled bank Credit Suisse has divided Wall Street’s analyst community. Based on the company’s financials at the end of the second quarter, both its capital levels and liquidity position look “healthy,” according to JPMorgan Chase European banking analyst Kian Abouhossein. The bank’s common equity Tier 1 capital, a key measure tied […]
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Argus downgrades Nike to hold, says overstocked inventory will continue to weigh on retailer
Expect more near-term challenges for Nike after it reported overstocked inventory levels, according to Argus. Analyst John Staszak downgraded shares of Nike to hold from buy, and lowered estimates, citing the sports apparel giant’s most recent quarterly earnings results. Shares dropped more than 10% Friday after Nike reported inventory rose by 44% to $9.7 billion […]
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Tesla shares dip immediately after 3rd-quarter generation and deliveries report
SpaceX Main Engineer Elon Musk gestures during a joint news conference with T-Cellular CEO Mike Sievert (not pictured) at the SpaceX Starbase, in Brownsville, Texas, August 25, 2022. Adrees Latif | Reuters Shares of Tesla slid about 5% in premarket investing Monday soon after the electrical car or truck maker launched third-quarter generation and shipping […]
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Disney executive Kareem Daniel joins McDonald’s expanding board
Kareem Daniel Source: Business Wire Disney’s Kareem Daniel is the fourth new director to join McDonald’s board this year. The fast-food giant announced Monday that the more than 15-year Disney veteran is the 15th member of its board, effective Oct. 1. Daniel currently leads Disney’s media and entertainment distribution group, overseeing the growth of its […]
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