Business
The market’s most political stock picks had a bad year, but they’ll be back in 2023
Rawpixel | iStock | Getty Images You could be excused for thinking, after months of headlines about “woke capitalism” and big stock market declines, that socially-conscious investing was on the run, dogged by hostility from politicians who think that focusing on corporate governance and environmental impact means burning retirees’ money to push an agenda other […]
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2023 could be another difficult year for the auto industry – here’s why
A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters High interest rates, supply chain problems and recessionary fears were among the major challenges for the global automotive industry in 2022. Those issues aren’t expected to be resolved quickly. There’s growing concern on Wall Street that this year’s […]
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IBM defeat all its big-cap tech friends in 2022 as traders shunned expansion for protection
IBM CEO Arvind Krishna speaks at an IBM facility in Poughkeepsie, New York, on Oct. 6, 2022. IBM announced $20 billion in investments through President Biden’s check out that will go toward study and development and the producing of semiconductors, mainframe technological innovation, artificial intelligence and quantum computing in the Hudson Valley. Dana Ullman | […]
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Chinese EV maker Nio cuts delivery guidance for fourth quarter, citing Covid disruptions
Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future Publishing | Future Publishing | Getty Images Chinese electric vehicle maker Nio Inc. lowered its fourth quarter outlook for deliveries, citing supply chain disruptions […]
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5 things to know before the stock market opens Tuesday
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. Home stretch for stocks Investors are holding out hope for a rally to […]
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Stocks making the biggest moves premarket: Southwest, Tesla, Peloton and others
In this article 9866-HK PTON LUV TSLA Follow your favorite stocksCREATE FREE ACCOUNT watch now VIDEO1:3201:32 News Update – Pre-Markets News Briefing Check out the companies making headlines before the bell: China ADRs – Shares of China-based companies that trade in the U.S. rose in the premarket after the easing of Covid restrictions by the […]
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The year of the restaurant robot: Why chains are investing in automation and what it means for workers
A White Castle team member next to Miso Robotics’ Flippy. Courtesy: Miso Robotics Chipotle Mexican Grill is testing whether a robot can make tortilla chips in stores. Sweetgreen plans to automate salad making in at least two locations. And Starbucks wants its coffee-making equipment to lessen the workload for baristas. This year brought a flurry […]
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Airlines cancel 17,000 flights due to severe winter weather but disruptions ease
Aircraft are deiced at General Mitchell International Airport in Milwaukee Reuters Flight cancellations eased further on Monday but disruptions from severe winter weather across the U.S. lingered at the tail end of Christmas weekend. Airlines have canceled more than 17,000 U.S. flights since Wednesday, according to FlightAware, as storms brought snow, ice, high winds and […]
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‘Avatar: The Way of Water’ nears $900 million globally, boosted by global ticket gross sales
Avatar: The Way of Water Courtesy: Disney Co. Disney and James Cameron’s “Avatar: The Way of Water” snared an believed $56 million all through its second weekend in theaters, a 58% fall from its debut. A decrease in ticket revenue is typical for blockbuster titles, with most seeing a 50% to 70% slip. This metric, […]
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Energy stocks had a blowout performance this year. In 2023, the outlook is more uncertain
After enjoying a monster rally in 2022, energy stocks are heading into an uncertain new year. Energy stocks surged this year after the war in Ukraine interrupted the global oil supply, and drove up the price of a barrel of oil. Soon after the start of the conflict, Brent crude topped $120 a barrel in […]
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