Business
FAA delays environmental review of SpaceX’s Starship launches from Texas for a fourth time
SpaceX’s Starbase facility in Boca Chica, Texas. Michael Sheetz | CNBC The Federal Aviation Administration for a fourth time delayed its environmental review of SpaceX’s Starship rocket program in Texas, pushing a decision to the end of May. SpaceX needs a license from the FAA to conduct further Starship flight tests and begin operational launches from […]
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Wall Street analysts say investors should buy the Apple dip despite supply chain worries
“We would use any stock weakness as a buying opportunity,” said one analyst. Source
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Cloud computing is a bright spot for tech as the economy grapples with war and inflation
Microsoft’s CEO indicated that companies aren’t looking to cut into their IT budgets when economies worsen. That means cloud could be a safe haven for Big Tech. Source
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Victoria’s Secret is taking its beauty business to Amazon in its first-ever wholesale test
Beginning Friday, shoppers will find an assortment of roughly 120 Victoria’s Secret beauty items, including lotions and fragrances, on Amazon. Source: Victoria’s Secret Victoria’s Secret is taking its beauty business to Amazon, marking the lingerie company’s first major tie-up with another retailer to sell its goods. With Friday’s launch, about 120 different products including branded […]
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Analysts are mostly confident Amazon can work through inflationary pressures, JPMorgan says ‘buy the pullback’
Many on Wall Street maintained buy ratings on the tech giant even after it dropped 10% after poor revenue forecast. Source
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Tech pressures Wall Street premarket; data shows inflation still high Traders on the floor of the NYSE, April 28, 2022. Source: NYSE 2. Amazon falls on ugly forecast and slowest growth since dot-com bust Andy Jassy, CEO […]
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Stocks making the biggest moves premarket: Robinhood, Amazon, Apple, Roku and more
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Check out the companies making headlines in premarket trading Friday. Apple — Apple’s stock price dipped 2% after […]
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Exxon Mobil’s first-quarter profit rises, even after $3.4 billion hit from Russia charge
A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters Shares of Exxon Mobil slid on Friday after the company took a $3.4 billion after-tax charge related to its Sakhalin-1 operation in Russia. Exxon earned $5.5 billion during the first quarter, up from $2.7 billion in […]
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Chevron’s profit quadruples in the first quarter as higher oil and gas prices boost operations
The Chevron logo is displayed as a tanker truck enters the Chevron Products Company El Segundo Refinery on January 26, 2022 in El Segundo, California. Patrick T. Fallon | AFP | Getty Images Chevron’s profit more than quadrupled during the first quarter of 2022, as higher oil and gas prices boosted the company’s results. The […]
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Apple’s big quarter shows that smartphones aren’t getting hit by weakening macroeconomic conditions
The results suggest that the premium smartphone market could be resilient if macroeconomic conditions deteriorate and consumers start watching their expenses. Source
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