Business
How airlines plan to create a new generation of pilots amid fears of decade-long cockpit crisis
Andy Cross | Denver Post | Getty Images Even before the coronavirus pandemic grounded U.S. airlines in March 2020, a shortage of qualified pilots was looming. Today, even though air travel has come back much stronger and earlier than expected — and major carriers are returning to profitability — the struggle to maintain enough cockpit […]
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Swedish EV maker Polestar reports lower operating loss, confirms full-year guidance
Polestar 3 Courtesy: Polestar Swedish electric-vehicle maker Polestar said Friday that its third-quarter operating loss narrowed from a year ago as revenue more than doubled, and it confirmed that it still expects to deliver 50,000 vehicles in 2022. But the company warned that higher costs and supply-chain issues will continue to squeeze its margins into […]
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UBS calls Ralph Lauren a ‘turnaround stock,’ sees fashion brand rallying 36%
Changes in Ralph Lauren ‘s business make the clothing brand a good investment coming out of the pandemic, according to UBS. Analyst Jay Sole reiterated his buy rating and increased his price target to $130 from $128, which implies an upside of 36.2% over Thursday’s close. “We view RL as a strong turnaround stock,” Sole […]
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5 things to know before the stock market opens Friday
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 9, 2022. Brendan Mcdermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock blowout What a huge day for stocks. All three major U.S. indices on Thursday […]
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Here’s what critics are saying about Marvel’s ‘Black Panther: Wakanda Forever’
Danai Gurira and Letitia Wright star as Okoye and Shuri in Marvel Studio’s “Black Panther: Wakanda Forever.” Disney It’s impossible to replace the irreplaceable, but that was Ryan Coogler’s task as the director and co-writer of Disney’s latest Marvel Cinematic Universe film, “Black Panther: Wakanda Forever.” The sequel to 2018’s blockbuster hit “Black Panther” takes […]
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United gives pilots 5% raises early, citing return to profitability
A United Airlines Boeing 777-200 lands at San Francisco International Airport, San Francisco, California. Louis Nastro | Reuters United Airlines on Thursday said it was giving pilots 5% raises that were part of a pandemic cost-reduction agreement months ahead of schedule, citing the carrier’s return to profitability and upbeat outlook. United is offering the raises […]
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Goldman Sachs CEO says he expects a ‘reopening’ in capital markets next year
Goldman Sachs CEO David Solomon said Thursday that he expects capital markets to recover in the upcoming months. “I think what we’re going through at the moment is a reset of valuation expectations,” he said in an interview with CNBC’s Jim Cramer. “In the coming months, we’ll see a little bit of a reopening in […]
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Jim Cramer says a slowdown in the logistics industry suggests inflation could be coming down
CNBC’s Jim Cramer on Thursday said that inflation could finally be cooling off as the freight industry’s pandemic boom wanes. “We caught a real break today with a much lower-than-expected consumer price index number, and a huge part of that came down to how much it costs to get goods to the consumer,” he said. […]
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Cramer’s lightning round: I no longer advocate that you should sell Activision Blizzard
Advanced Micro Devices Inc: “We’ve cut the position back for my Charitable Trust. … We’re happy and content to leave the rest and let it run up $8 today.” Medtronic PLC: “I can’t recommend it. … There are many better healthcare stocks out there.” Activision Blizzard Inc: “I actually think that Activision Blizzard on its […]
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This home electric vehicle charging stock can nearly double, Bank of America says in upgrade
The Inflation Reduction Act, recent share underperformance and an attractive valuation all make Wallbox a buy, Bank of America said Thursday. Analyst Alexander Virgo upgraded the Barcelona-based maker of home electric vehicle chargers to buy from neutral. The analyst did trim his price target on the stock to $10 per share from $11.30. However, that […]
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