As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always...
Tag: consumer goods
After weathering pandemic storm, cruise-line stocks offer upside, says Stifel
Like the rest of the travel industry, cruise operators have weathered a pandemic-related storm over the last couple of years, but they now deserve attention from investors, says analyst firm Stifel. “...
As chip sales dry up, Nvidia CFO says spending on AI will save companies money
Nvidia Corp.’s financial chief reasons that the efficiencies businesses need are not from spending less money, but from spending more on technologies like artificial intelligence, even as chip sales d...
Altria deepens push into vape biz with two deals
Altria Group Inc. said Monday it would buy e-vapor company NJOY Holdings Inc. for $2.75 billion in cash, its second deal in recent days in the smokeless-tobacco space. Altria MO, +0.59% said the trans...
Tesla, Apple, Ciena, and More Stock Market Movers
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Ignore Wall Street’s gloom. Stocks do better when earnings fall: strategist
Adios to February, which disappointed many stock investors who enjoyed a bullish start to the year. But fears of a bigger meltdown by those swept up in Wall Street gloom may be in vain, says our call ...
Novavax Says ‘Substantial Doubt’ Around Its Continuing Operations
Covid-19 vaccine manufacturer Novavax said Tuesday that there is “substantial doubt” about its ability to continue operating through this year. In a quarterly earnings report issued after the market c...
Thomas H. Lee, Leveraged-Buyout Pioneer, Dies of Apparent Suicide
Private-equity pioneer Thomas H. Lee died unexpectedly at 78, his colleagues and family said late Thursday. New York Police Department officials said first responders to an emergency call Thursday mor...
One laid-off tech worker’s odyssey: 5 months, 25 interviews, 100 job applications
At times, Todd Erickson’s search for a tech job felt more like an odyssey. But after five months, about 100 job applications and more than two dozen interviews with recruiters and companies — includin...
Nearing retirement? Here’s how to shift your portfolio from growth to income.
Over the decades, perhaps you’ve been very good at saving your money and investing it for long-term growth. But when the time comes for you to stop working or to step back to a part-time job, you migh...
Bonds are right and stocks are wrong. Here’s what you should do about it, says BlackRock
The final session of Wall Street’s holiday-shortened trading week will see the S&P 500 open pretty much smack in the middle of the 3,800 to 4,200 range it’s inhabited for more than three months. D...
Intel Cut Its Dividend. These Stocks Could Be Next.
Intel is cutting its dividend. In a treacherous environment for the economy and profits, more companies could do the same. On Wednesday, Intel (ticker: INTC) cut its dividend by 66% to an annual 50 ce...
Intel Stock Looks Better After the Dividend Cut, Says Morgan Stanley
Morgan Stanley is getting more optimistic about Intel stock following the chip maker’s decision to reduce its dividend. Earlier this week, Intel (ticker: INTC ) announced a 66% dividend cut, reducing ...
Intel stock has fallen enough, Morgan Stanley says in upgrade
Intel Corp.’s dividend cut helped earn the stock an upgrade Thursday, as Morgan Stanley now sees “limited downside” for the beaten-down name. Morgan Stanley’s Joseph Moore bumped his rating on Intel’s...
Shopify’s stock upgraded as analyst cheers ‘nearly boundless’ opportunity
Shares of Shopify Inc. nabbed an upgrade Tuesday as a D.A. Davidson analyst sees an “attractive entry point” into a name that’s been crunched in the wake of earnings. Shopify’s stock SHOP, -5.02% has ...
Dow falls over 400 points, dragged down by earnings, rising bond yields
U.S. stocks ended sharply lower on Tuesday, with major indexes suffering the worst daily percentage declines in over two months, as downbeat guidance from major retailers, rising Treasury yields and e...
Nvidia earnings overshadowed by Microsoft, ChatGPT, OpenAI, gaming partnership
Nvidia Corp. earnings received a warmup Tuesday as Microsoft Corp. and the graphics-processing-unit giant announced a 10-year partnership to bring Activision Blizzard Inc.’s catalog as well as Xbox ga...
Walmart, Alibaba, Moderna, and More Stocks to Watch This Week
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20 banks that are sitting on huge potential securities losses—as was SVB
Silicon Valley Bank has failed following a run on deposits, after its parent company’s share price crashed a record 60% on Thursday. Trading of SVB Financial Group’s SIVB, -60.41% stock was halted ear...