Business
Goldman downgrades Roblox, says user growth could slow in post-pandemic world
The gaming company’s stock performance will be hindered in the near term, but analysts say the company’s long-term outlook is intriguing. Source
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Buy WeWork as profitability is within reach, Piper Sandler says
A focus on growing revenue and cutting costs could boost the co-working space to achieve positive cash flow within two years, analysts say. Source
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Leaving Covid safety to personal choice will ‘come back to bite us,’ ex-Obama health official says
A former Obama health policy director on Monday criticized what she sees as a potentially dangerous shift in government messaging on Covid safety protocols. “My biggest issue with the it’s-your-call kind of theme that’s out there [is] we don’t do this in any other area of illness, health, or disease or burden. I don’t tell […]
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NBA’s Golden State Warriors step into movies, music and events with a new entertainment division
SAN FRANCISCO, CA – MARCH 16: Stephen Curry #30 of the Golden State Warriors warms up prior to the game against the Boston Celtics on March 16, 2022 at Chase Center in San Francisco, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to […]
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Natural gas surges to highest level since 2008 as Russia’s war upends energy markets
A liquid natural gas (LNG) storage silo at the LNG terminal, operated by LNG Croatia LLC, in Krk, Croatia, on Monday, Jan. 25, 2021. Petar Santini | Bloomberg | Getty Images U.S. natural gas prices surged to the highest level in more than 13 years Monday as Russia’s war on Ukraine causes a global energy […]
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UBS downgrades United, citing risk of rising costs amid fleet upgrade
United Airlines’ fleet renewal plan faces a slew of cost pressures in the current macro environment, UBS says Source
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as the 10-year Treasury yield tops a 3-year high Traders on the floor of the NYSE, April 14, 2022. Source: NYSE 2. BofA issues stronger earnings as it releases reserves for soured loans A […]
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Ex-NFL star Marshawn Lynch, Macklemore join ownership group of NHL’s Seattle Kraken
Marshawn Lynch and entertainer Macklemore now co-owners of Seattle Kraken Courtesy: Seattle Kraken The NHL’s Seattle Kraken has added former NFL star Marshawn Lynch and rapper Macklemore as minority investors. The terms of the investments were not made public. Sports bankers estimate that minority equity stake deals similar to this are generally for 1% of […]
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American Airlines’ new CEO vows reliability as massive peak travel season kicks off
An American Airlines Boeing 777-300ER plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. Loren Elliott | Reuters American Airlines’ new CEO Robert Isom is aiming for one thing this summer: reliability. The airline grew faster than its large competitors last year and occasionally passengers faced widespread disruptions, the result of routine […]
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How Russia’s war is cutting global auto production
Russia’s invasion of Ukraine has led auto industry watchers to cut production and sales forecasts for the next two years. The crisis has shuttered factories in Eastern Europe, and caused spikes in the prices of already precious raw materials. Some factories in Ukraine have tried to keep going amid the invasion. Workers have reportedly had […]
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