Visitors at Knott’s Berry Farm ride the HangTime rollercoaster during it’s first day of public operation in Buena Park on Friday, May 11, 2018. Jeff Gritchen | Orange County Register | Get...
Tag: Breaking News: Business
Exxon (XOM) earnings Q4 2021
Exxon Mobil’s revenue jumped more than 80% year over year during the fourth quarter amid a rebound in oil and gas prices, the company said Tuesday. With Exxon now in a stronger financial positio...
Tom Brady announces retirement in Instagram post following days of confusion
Tampa Bay Buccaneers’ Tom Brady in action in Super Bowl LV, February 7, 2021. Brian Snyder | Reuters Legendary NFL quarterback Tom Brady announced his retirement Tuesday after 22 record-breaking...
What investors should know before Tuesday’s fourth-quarter earnings
General Motors CEO Mary Barra speaks at the General Motors Factory ZERO electric vehicle assembly plant on November 17, 2021 in Detroit, Michigan. Nic Antaya | Getty Images DETROIT – General Motors is...
Peloton internal docs show it slashed 2022 sales goals for apparel unit
Peloton briefly advertised its private-label apparel line outside of a storefront in the SoHo neighborhood of New York City. Source: Kevin Stankiewicz, CNBC Peloton has slashed 2022 sales projections ...
Boeing wins Qatar Airways order for 737 Max planes, new 777X freighters
The Boeing 777-8 Freighter The Boeing Company Boeing won a big order from Qatar Airways on Monday as the airline feuds with rival manufacturer Airbus. Shares of Boeing surged on the orders, up more th...
BA.2 more contagious, but vaccinated less likely to spread it, study finds
A healthcare worker administers a Covid-19 test at testing site in San Francisco, California, U.S., on Monday, Jan. 10, 2022. David Paul Morris | Bloomberg | Getty Images The omicron BA.2 subvariant i...
Seven-time Super Bowl champion Tom Brady is reportedly retiring after 22 NFL seasons
Tampa Bay Buccaneers quarterback Tom Brady (12) celebrates with the Vince Lombardi Trophy after beating the Kansas City Chiefs in Super Bowl LV at Raymond James Stadium. Mark J. Rebilas | USA TODAY Sp...
How animation brought Critical Role’s ‘Legend of Vox Machina’ to life
Vax, Scanland, Percival, Vex, Grog, Pyke and Keyleth in “The Legend of Vox Machina,” a new animated series based on “Critical Role.” Amazon Studios Within the first minute of C...
The new BA.2 omicron subvariant is already circulating in half of U.S. states
Dr. Pierre Coulon, PhD examines microscope images of vaccinated mice in Irvine on Wednesday, February 3, 2021. Leonard Ortiz | MediaNews Group | Orange County Register via Getty Images There are alrea...
60 million U.S. households have ordered free Covid tests, White House says
Home test kits, specifically iHealth COVID-19 Antigen rapid self-tests, are stacked for delivery in Boston on Jan. 5, 2022. Lane Turner | Boston Globe | Getty Images The White House on Friday said 60 ...
Winter storm set to snarl Northeast air travel
JetBlue Airways Corp. Craig Warga | Bloomberg | Getty Images Airlines have canceled hundreds of flights ahead of a winter storm that forecasters expect will bring high winds and potential for more tha...
Chevron (CVX) earnings Q4 2021
Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters Chevron shares...
Southwest weighs bringing onboard booze back this spring
Seen reflected through a double window, a Southwest Airlines airplane taxies from a gate at Baltimore Washington International Thurgood Marshall Airport on October 11, 2021 in Baltimore, Maryland. Kev...
Home Depot names company veteran Ted Decker as CEO
A Home Depot store is seen in Washington, DC, on August 18, 2020. NICHOLAS KAMM | AFP | Getty Images Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, ef...
Elon Musk’s SpaceX planning for record 52 launches in 2022
A Falcon 9 rocket launches the GPS III SV05 satellite on a mission for the U.S. Space Force on June 17, 2021. SpaceX Elon Musk’s SpaceX broke its own annual orbital launch record last year, and ...
The manager of 2021’s top-performing hedge fund on his winning GameStop trade and lessons from it
(Click here to subscribe to the new Delivering Alpha newsletter.) On this day last year, investors watched in amazement as GameStop shares surged to a record high of $347.51. The stock had skyrocketed...
The fund that made $700 million on GameStop knew it was time to sell after an Elon Musk tweet
NurPhoto | NurPhoto | Getty Images One hedge fund got the GameStop trade just about perfectly right last year — buying it under $10 and selling when the meme stock peaked. The sell signal it used? An ...
Italian space company D-Orbit going public via Nasdaq SPAC
An artist’s rendition of an ION spacecraft deploying satellites in orbit. D-Orbit Italian space transportation and services company D-Orbit announced Thursday plans to go public via a SPAC, in a...
Southwest Airlines says omicron will drive a loss in the first quarter, but expects 2022 profit
OntheRunPhoto | iStock Editorial | Getty Images Southwest Airlines expects to lose money in the first quarter after the omicron variant of Covid-19 hurt staffing and bookings, but it said profits are ...
McDonald’s (MCD) Q4 2021 earnings miss estimates
Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s on Thursday reported qu...
Lowe’s will open mini Petco shops inside some stores
Lowe’s is opening Petco shops inside of some of its stores as part of a pilot program. It plans to open the first one in Texas in February. Source: Petco Lowe’s will soon test a new offeri...
Moderna starts clinical trial of booster shot targeting omicron Covid variant
A healthcare worker fills a syringe with Moderna COVID-19 vaccine at the Giorgio Companies site in Blandon, PA where the CATE Mobile Vaccination Unit was onsite to administer Moderna COVID-19 Vaccines...
Walmart-backed start-up is acquiring two fintech companies, Even and ONE
Black Friday shoppers walk out of Walmart with a full shopping cart on November 26, 2021 in Westminster, Colorado. Michael Ciaglo | Getty Images A financial technology start-up that Walmart created an...
Global oil benchmark tops $90 for the first time since 2014
An oil pump at sunset in Daqing, Heilongjiang province, China, on July 13, 2006. Lucas Schifres | Getty Images Brent crude futures, the international oil benchmark, topped $90 on Wednesday for the fir...
How AMC rode the meme stock rally to revitalize its business
The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images After a year of massive stock gains, AMC Entertainment shares are starting to cool ...
Boeing posts third annual loss in a row as Dreamliner costs hit $5.5 billion
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Boeing hit a key milestone in...
McDonald’s McPlant burger made with Beyond Meat sold better than expected
McDonald’s McPlant Burger Courtesy: McDonald’s McDonald’s McPlant burger is more popular than initially expected, according to Piper Sandler analyst Michael Lavery. In December, part...
Bentley to invest $3.4 billion to exclusively offer EVs by 2030
A rendering of Bentley’s new electric vehicle production operatins in Crewe, England. Bentley Bentley Motors plans to spend 2.5 billion pounds (about $3.4 billion) over the next decade to become...