Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit Airlines surged 19.3% in premarket trading after JetBlue (JBLU) launched a $30 per share tender offer for its rival airline. Spirit had rejected a prior bid by JetBlue, preferring to keep a previously struck deal to merge with…
Tag: markets
Stock futures rise ahead of a big week of retail earnings
Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stock futures were higher Sunday evening after a week of steep losses that ended on a high note, and ahead of a big earnings week for retailers. Futures tied to the Dow Jones Industrial Average rose 100 points, or 0.3%, while S&P 500…
Which companies are slowing hiring or increasing layoffs?
> Which companies are slowing hiring or increasing layoffs? – Youtube新功能 .
The SEC climate change rule sidesteps Congress and voters
The Securities and Exchange Commission’s recently proposed rule is so complex and far-reaching it could reorient the entire US financial system into one that prioritizes climate change over financial soundness. The rule risks turning the SEC into a quasi-environmental agency in which climate “experts” have greater influence than financial regulators focused on preventing fraud and…
Apple Loses A Major Title
Manzana (AAPL) – Get Apple Inc. Report just lost a coveted title. The iPhone maker snagged that crown in 2020 on financial performance that made investors dizzy on strong sales of its hardware — iPhone, Mac, Apple Watch — and a surge in services. These revenues have continued to rise thanks to the Covid-19 pandemic…
Tesla, Zoom, Beyond Meat, Ford, Disney
Here are the biggest calls on Wall Street on Thursday: Wells Fargo upgrades Albemarle to overweight from equal weight Wells said in its upgrade of the specialty chemicals manufacturing company that it sees “a strong fundamental picture for the lithium industry unfolding.” “Near term, we are raising our 2022 and 2023 outlook for ALB on…
Upstart CEO defends increased loan balance, says the AI lending platform’s model hasn’t changed
In an interview Tuesday with CNBC’s Jim Cramer, Upstart Holdings CEO David Girouard sought to downplay investor concerns about the increased loan balance held on the financial technology firm’s balance sheet at the end of its first quarter. Shares of the artificial intelligence lending platform plunged 56.42% Tuesday, closing at $33.61 apiece, one day after…
Upstart shares plummet 56% after company cuts full-year revenue forecast
In this photo illustration an Upstart Holdings logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Light Rocket | Getty Images Shares of Upstart plummeted Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook, citing rising interest rates and an uncertain economy. The company had reported better-than-expected first-quarter…
Zebra CEO says freight costs have moderated, component shortages still a headwind
Zebra Technologies chief executive Anders Gustafsson told CNBC’s Jim Cramer on Friday that while the company has seen freight costs come down, shortages of components like semiconductor chips continue to cause issues. “Over the past two years, we’ve seen kind of a migration of some of the issues. Now, it started off with freight being…
Retail giants report earnings, stay away from ‘toxic’ stocks
CNBC’s Jim Cramer said Friday that he’s breathing a sigh of relief as beaten-down stocks ‘have already taken enough hits,’ allowing investors to trade in a safer environment next week – though they still need to tread carefully. “When we’ve been beaten down to these levels, we reach a point where stocks that would normally…