Business
You can take a 500-mile round-trip taxi from Saudi Arabia to the Qatar World Cup for $532
A general view of the skyline from the Doha Corniche on March 31, 2022. Nick Potts – Pa Images | Getty Images The Dubai-based rideshare app Careem is offering inter-country taxi journeys for the 2022 World Cup in Qatar, as millions of soccer fans from around the world descend on the tiny Gulf country for […]
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JPMorgan says these global travel stocks are poised to pop as China eases Covid restrictions
Asia’s flight activity is gaining momentum as the region continues to ease Covid-19 travel restrictions, and the outlook for the region is now looking even brighter, according to JPMorgan. That’s after China announced last week that it would decrease quarantine time for international travelers. In a Nov. 11 note, JPMorgan said it’s bullish on the […]
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Cramer’s lightning round: BioXcel Therapeutics may be home run or nothing
Veru Inc: “The test for [the company’s Covid treatment pill] … The FDA staff didn’t seem to like it.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter. Source
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Cramer calls for Disney CEO’s firing, says company’s ‘balance sheet from hell’ must be fixed
Jim Cramer on Thursday called on Disney (DIS) to oust CEO Bob Chapek and clean up the company’s ugly balance sheet. Chapek is “incapable of running a fantastic company,” Jim said. “Let’s say it was an NFL team, and the team was losing. … We need someone new at Disney. It’s accountability. Look, if you […]
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Jim Cramer says ‘exhausted’ sellers are behind the market’s strength
CNBC’s Jim Cramer said on Thursday that stocks have largely stayed resilient lately because the investors remaining in the market are there to stay. “The sellers are exhausted. The remaining shareholders, they may just be in it for the long haul. That’s why so much money’s in index funds. People don’t want to trade. They […]
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Gap beats on third-quarter revenue, but tempers expectations for holiday season
Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap on Thursday beat Wall Street’s quarterly revenue expectations, but gave a cautious outlook for the holiday season. The apparel retailer — which includes its namesake brand, Banana Republic and Athleta — […]
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Washington Commanders accused of cheating ticket holders in DC attorney general lawsuit
The attorney general of Washington, D.C., sued the Washington Commanders on Thursday, alleging the team implemented a scheme that cheated District residents out of their deposits for season tickets and used the money for its own purposes. It is the second lawsuit brought forth by D.C. Attorney General Karl Racine in the past week. In […]
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Kohl’s pulls full-year outlook, citing retail volatility and economic headwinds
Kohl’s on Thursday withdrew its full-year outlook, pointing to volatility in the retail environment and significant macroeconomic headwinds, on top of its “unexpected CEO transition.” Kohl’s also reported third-quarter earnings on Thursday, with revenue dropping 7% to $4.28 billion. The company warned investors of this decline in revenue earlier this month when it provided preliminary […]
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Taylor Swift tour ticket sale canceled over extreme demand, Ticketmaster says
Taylor Swift poses with her awards during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Kevin Mazur | Wireimage | Getty Images Tickets for Taylor Swift’s “Eras” tour will no longer be put on sale Friday, after Ticketmaster said there is an insufficient ticket inventory […]
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GM EV unit BrightDrop expects $1 billion in 2023 revenue, mass production of all-electric delivery vans to start in December
BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General Motors’ investor day on Thursday, is the first time BrightDrop has released revenue numbers. The company did not release revenue data in 2021, […]
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