Business
Photos show massive recovery days after Hurricane Ian hit Florida, Carolinas
People carrying gas containers look for gas at a distribution center organized by the community after Hurricane Ian caused widespread destruction in St James City, Florida, U.S., October 2, 2022. Marco Bello | Reuters Days after Hurricane Ian hit Florida and the Carolinas, residents are struggling to navigate flooded roads and neighborhoods and federal emergency management […]
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Stocks making the biggest moves midday: Peloton, Tesla, Viasat, Wells Fargo, Box and more
In this article OXY COP FANG HAL DVN APA MRO SWK FLR IDCC LOGC FRPT BOX WFC MYOV LTHM VSAT RBLX PTON TSLA CS CSG.N-CH Follow your favorite stocksCREATE FREE ACCOUNT A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T. Fallon | AFP | Getty Images Check […]
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Uber shares can double from here on ride-share bookings growth, Morgan Stanley says
Uber ‘s stock can double as the company heads down a path toward multiyear earnings growth, according to Morgan Stanley. Analyst Brian Nowak maintained an overweight rating on Uber, saying the ride-share company’s cost structure could drive growth from here. “We analyze user/frequency/pricing growth of UBER’s top 10% of users (using UBER 25 times/month) and […]
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Apple’s App Retail outlet income fell past month as recreation buys cooled, Morgan Stanley claims
Apple’s App Retailer net revenue fell about 5% in September, according to Morgan Stanley, the steepest fall for the business enterprise considering that the bank begun modeling the info in 2015. The App Store noticed declines in markets which include the U.S., Canada and Japan, Morgan Stanley analyst Erik Woodring wrote in a report on […]
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General Motors says sales rose 24% in the third quarter
People look at the Cadillac Lyriq electric vehicle at the Cadillac booth at the North American International Auto Show in Detroit, Michigan on September 14, 2022. Geoff Robins | AFP | Getty Images DETROIT – General Motors’ third-quarter vehicle sales increased 24% compared to a year ago, when supply chain issues weighed more heavily on […]
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Wall Street analysts are divided after Tesla’s third-quarter deliveries miss
Wall Street analysts were divided on electric vehicle maker Tesla after it posted its latest production and delivery numbers. Shares of Tesla were down 4.3% in Monday premarket trading after the company posted third-quarter vehicle production and delivery figures for 2022 that missed on deliveries expectations. Tesla reported deliveries of 343,000 vehicles, less than a […]
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Firefly’s successful rocket launch over the weekend helps fill a big gap in the market, CEO says
The view from the upper stage of the Alpha rocket after reaching orbit on Oct. 1, 2022. Firefly Aerospace Private venture Firefly Aerospace reached orbit with its Alpha rocket for the first time on Saturday, a milestone in the company’s development that sees it join an increasingly competitive U.S. launch market. Firefly is the fifth […]
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Peloton will set bikes in every single Hilton-branded hotel in the U.S.
Jen Van Santvoord rides her Peloton workout bicycle at her home on April 07, 2020 in San Anselmo, California. Ezra Shaw | Getty Visuals Peloton will put bikes in all 5,400 Hilton-branded resorts in the United States as component of a partnership declared Monday, as the bike maker pushes to expand its achieve. The partnership […]
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Credit Suisse divides Wall Street as JPMorgan calls bank’s capital ‘healthy’ while others have doubts
The fast-moving situation at embattled bank Credit Suisse has divided Wall Street’s analyst community. Based on the company’s financials at the end of the second quarter, both its capital levels and liquidity position look “healthy,” according to JPMorgan Chase European banking analyst Kian Abouhossein. The bank’s common equity Tier 1 capital, a key measure tied […]
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Argus downgrades Nike to hold, says overstocked inventory will continue to weigh on retailer
Expect more near-term challenges for Nike after it reported overstocked inventory levels, according to Argus. Analyst John Staszak downgraded shares of Nike to hold from buy, and lowered estimates, citing the sports apparel giant’s most recent quarterly earnings results. Shares dropped more than 10% Friday after Nike reported inventory rose by 44% to $9.7 billion […]
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