Tag: Financial Performance

Evidence of Nosedive Suggests Boeing Not at Fault in China Eastern Crash

Text size A passenger stands inside a terminal in front of a China Eastern plane at Shanghai Hongqiao International Airport. Qilai Shen / Bloomberg Boeing shares rose on news that the tragic crash of a 737-800 operated by China Eastern Airlines probably wasn’t caused by a plane malfunction. The Wall Street Journal, citing US officials,…

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Dow futures up nearly 500 points ahead of retail sales and comments from Fed’s Powell

US stock index futures surged on Tuesday, with the technology sector leading the way higher ahead of a batch of economic data, including April retail sales and comments from several Federal Reserve speakers, including Chairman Jerome Powell later in the session. Walmart’s WMT, + 0.11% earnings are also due Tuesday. How are stock-index futures trading?…

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Stocks Are Way Down. They’re Still Expensive.

US stocks are off to their worst start to a year in more than a half-century. By some measures, they still look expensive. Wall Street often uses the ratio of a company’s share price to its earnings as a measuring stick for whether a stock appears cheap or pricey. By that metric, the market as…

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Coinbase Earnings Reveal Large Loss, Zinc Stock

Text size Coinbase reported a loss of $ 1.98 a share on sales of $ 1.165 billion. Michael Nagle / Bloomberg Coinbase Global stock was tumbling after the Bitcoin broker reported a larger-than-expected loss. Coinbase shares fell 14% in after-hours trading on Tuesday, after dropping 12.6% ahead of the earnings report. Coinbase stock is down…

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Here’s Why Philip Morris’ Potential Offer for Swedish Match Is Bad for Altria Stock

Philip Morris is in ongoing talks to acquire Swedish Match, the maker of smoke-free tobacco products. Fabrice Coffini / AFP via Getty Images Text size Philip Morris’ potential acquisition of Swedish Match could mean bad news for Altria Group and its ability to keep its spot among the largest US-based tobacco companies, according to Bernstein.…

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Cathie Wood Sells Some Tesla Stock and Buys Some GM Shares

Text size Cathie Wood Courtesy of ARK It may sound like sacrilege, but ARK Invest founder Cathie Wood sold some Tesla stock and bought some General Motors shares. It’s a bit of a surprise, but the devil is in the details. ARK reported late Monday the sale of about 15,000 Tesla (ticker: TSLA) shares from…

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