Author: Admin
JetBlue Airways faces a quarter-century crossroads after Spirit rejects its takeover offer
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | Sun Sentinel | Getty Images JetBlue Airways is at a quarter-century crossroads. The airline’s first flight took off from New York […]
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Stocks making the biggest moves premarket: Under Armour, Cigna, DraftKings and others
Check out the companies making headlines before the bell: Under Armour (UAA) – The athletic apparel maker posted an adjusted first-quarter loss of 1 cent per share, compared with a profit estimate of 6 cents per share. Under Armour also issued a weaker-than-expected outlook for its full-year profit as it absorbs the impact of higher […]
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Bitcoin drops nearly 10% as $126 billion is wiped off the cryptocurrency market
Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index. Luke MacGregor | Bloomberg | Getty Images Bitcoin cratered on Thursday as a major stock sell-off in the U.S. spooked the cryptocurrency market. Bitcoin was down about 9.6% at $35,743.22 on […]
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Under Armour stock falls as company offers weak guidance, posts unexpected loss
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour on Friday reported an unexpected loss and sales below analysts’ estimates as the company grappled with global supply chain challenges and Covid lockdowns in China. The athletic apparel retailer also issued guidance […]
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Boris Johnson’s Conservatives suffer losses in UK local elections, amid scandal and cost-of-living crisis
PETERBOROUGH, England – Ballot papers are counted at Peterborough Arena, for the U.K.’s local government elections. Prime Minister Boris Johnson’s Conservative Party suffered significant losses, particularly in London. Paul Marriott/PA Images via Getty Images LONDON — The U.K.’s ruling Conservative Party has lost a slew of seats in local elections across England, dealing a potential […]
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Piper Sandler downgrades Wayfair, says stock is ‘too tough to defend’
Wayfair is becoming “too tough to defend” as the company continues to burn through cash, Piper Sandler said. Source
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Asset manager says buy the dip: There are opportunities ‘literally right now’
Asset manager Michael Yoshikami reveals the stocks to consider buying right now. Source
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‘We are nowhere near the bottom,’ top economist says as global markets crater
The New York Stock Exchange on May 3, 2022. Brunello Rosa, the CEO and head of research at Rosa & Roubini, believes there is much more monetary tightening to come from central banks, and more bad news on economic activity. Brendan Mcdermid | Reuters Stock markets are set for more heavy selling this summer as […]
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U.S.-listed Chinese EV maker Nio proposes a secondary listing of its shares in Singapore
Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker’s third listing location, following its IPO in New York and a secondary listing in Hong Kong. Costfoto | Future Publishing | Getty Images Chinese electric carmaker Nio said Friday that it’s planning a secondary share listing in Singapore. Nio, […]
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JPMorgan says sell FuboTV as questions about the company’s long term business model remain
The streaming market continues to heat up and despite its differentiated offering, JPMorgan sees no room for growth at FuboTV. Source
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