Business
5 things to know before the stock market opens Friday
Here are the most important news items that investors need to start their trading day: 1. Stock futures fall after jobs report People walk past the New York Stock Exchange (NYSE) on Wall Street on July 12, 2022 in New York City. Angela Weiss | AFP | Getty Images Stock futures fell Friday morning after […]
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Goldman Sachs doesn’t see nuclear as a transformational technology for the future
A nuclear power plant photographed in Germany, on August 4, 2022. Discussions about nuclear’s role in Europe’s biggest economy have been thrown into sharp relief following Russia’s unprovoked invasion of Ukraine in February. Lennart Preiss | Getty Images News | Getty Images Nuclear has a role to play in the years ahead but it should […]
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Sell Virgin Galactic as it delays space tourism flights and burns through cash, Truist says
Sell shares of Virgin Galactic as the space tourism company continues to push back commercial flights and burns through cash, according to Truist. Analyst Michael Ciarmoli downgraded shares of Virgin Galactic to sell from hold, citing a disappointing second-quarter report. The company postponed commercial flights to the second quarter of 2023. It also reported a […]
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Stocks making the biggest moves premarket: Expedia, Block, Lyft and more
Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%. Block […]
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Stifel downgrades Twilio, slashes price target by 55%, citing weak outlook
There’s trouble ahead for Twilio after the communications software company issued weak guidance, according to Stifel. Analyst J. Parker Lane downgraded shares of Twilio to hold from buy, and slashed the target price by more than half, citing the company’s recent earnings report that came out Thursday. Twilio reported a revenue beat but offered up […]
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A ‘shakeout’ among mortgage lenders is coming, according to CEO of bank that left the business
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by plunging demand for loans this year, a consequence of the Federal Reserve’s interest rate hikes. Some firms will be forced to exit […]
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Sunrun could surge 45% if lawmakers approve climate spending boost, Barclays says
Shares of residential solar installer company Sunrun could surge about 45% from here should an ambitious spending package pass, according to Barclays. Solar stocks got a boost last week following an announcement that Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., reached a deal on the “Inflation Reduction Act of 2022.” The […]
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Cramer’s lightning round: I like E.L.F Beauty over Coty
Ammo Inc: “I know it’s a little bit of a far field in terms of where you are versus what it is, but Dick’s is my favorite in that group.” Inmode Ltd: “It’s a good company, but the people hate the medical device companies. … I think they’re overly hated. That’s why I like [Johnson […]
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Warner Bros. Discovery CEO David Zaslav embraces the past as he plans his company’s future
David Zaslav, President and CEO of Warner Bros. Discovery talks to the media as he arrives at the Sun Valley Resort for the Allen & Company Sun Valley Conference on July 05, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images The biggest decision for any big media chief executive officer is how much […]
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XPO Logistics’ Brad Jacobs discusses stepping down as CEO with Mario Harik to succeed him
XPO Logistics announced Thursday that Mario Harik will be taking over the role of chief executive from Brad Jacobs after the company’s spin-off of its high-tech truck brokerage business in the fiscal fourth quarter. Harik was also named president of XPO’s less-than-truckload business. He had served as acting president since last October. Jacobs will remain […]
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