Tag: C&E Industry News Filter

  • Snap’s warning of a weaker outlook sends ripples through tech stocks

    An unexpected warning about the deteriorating economy from Snap Inc. Chief Executive Evan Spiegel rippled through internet and social media stocks on Monday night, potentially ruining the market’s bid for a comeback earlier in the day. the day. After the market closed with strong gains on Monday, Spiegel spoke at a JP Morgan technology conference, […]

  • Snap’s warning of a weaker outlook sends ripples through tech stocks

    An unexpected warning about the deteriorating economy from Snap Inc. Chief Executive Evan Spiegel rippled through internet and social media stocks on Monday night, potentially ruining the market’s bid for a comeback earlier in the day. the day. After the market closed with strong gains on Monday, Spiegel spoke at a JP Morgan technology conference, […]

  • Nvidia’s data center sales may eclipse gaming – maybe that’s not a good thing

    Data center sales from Nvidia Corp. is expected to outpace its game sales in fiscal first-quarter results as demand from server farms remains high and interest in games has waned from the rabid levels of the onset of the COVID-19 pandemic. NVIDIA NVDA, -2.51% is due to release its financial results after the closing bell […]

  • Tesla Stock Drops After Harassment Allegations Against CEO

    Text size The Tesla factory in Shanghai. Xiaolu Chu/Getty Images You’re here Shares took a hit as investors digested sexual harassment allegations against CEO Elon Musk. On Thursday, Business Insider reported that SpaceX paid a flight attendant $250,000 in 2018 to settle allegations that in 2016 Musk exposed himself to her and indicated he would […]

  • US stock futures jump on China rate cut

    Global equities and U.S. equity futures rose, recovering ground after the S&P 500 nearly fell into a bear market and China’s central bank cut a key interest rate. Futures linked to the S&P 500 climbed 1.1%, suggesting the broad index could rebound after closing down 0.6% and hitting the lowest level since March 2021 on […]

  • GOP-led legislation would force Google’s ad business to shut down

    A bipartisan group of senators led by the Utah Republican mike lee introduced legislation on Thursday that would target conflicts of interest in the ad-tech industry and force Google to dismantle its dominant online advertising business. The bill, co-sponsored by the senses. Ted Cruz (R., Texas), Amy Klobuchar (D., Minn.) and Richard Blumenthal (D., Conn.), […]

  • ‘Boeing management is running around like headless chickens,’ says Ryanair CEO in earnings tirade

    Michael O’Leary, chief executive of Ryanair Holdings Inc., stormed into Boeing Co. during an earnings call on Monday, slamming the aircraft maker’s “tremendous mismanagement” and calling for a top-down shakeup. “At the moment, we believe that Boeing management is running around like headless chickens, unable to sell planes, and even the planes they deliver, they […]

  • Disney Reports Increase in Disney+ Subscribers in Last Quarter

    waltz disney announced better-than-expected subscription numbers for its Disney+ streaming service in the last quarter, avoiding a downturn that dogged streaming rival Netflix Inc. For the company’s second fiscal quarter, Disney announced 7.9 million new Disney+ subscribers to reach 137.7 million subscribers, up from 129.8 million in the prior quarter. Analysts polled by FactSet expected […]

  • Stock futures rise ahead of inflation data

    Stock futures rose, pointing to gains for major indexes ahead of inflation data that will be closely watched for clues on the pace of interest rate hikes by the Federal Reserve. S&P 500 futures rose 1.2% on Wednesday. The stock gauge ended a three-day losing streak on Tuesday, marking a pause on a period of […]

  • Coinbase stock continues to slide after earnings report

    The largest cryptocurrency exchange in the United States said it was bleeding users, reflecting the continued destruction of the crypto market and investor unease with risky assets. Coinbase global Inc. PIECE OF MONEY -12.60% said on Tuesday it lost hundreds of millions of dollars in the first quarter, sending the stock plummeting in after-hours trading. […]